Brokerages Set Carnival Co. & plc (NYSE:CCL) Price Target at $27.24

Carnival Co. & plc (NYSE:CCL) has received an average rating of “Moderate Buy” from the nineteen ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $27.11.

Several brokerages recently commented on CCL. Wells Fargo & Company raised their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Mizuho lifted their price target on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Loop Capital assumed coverage on Carnival Co. & in a report on Tuesday. They issued a “hold” rating and a $25.00 price target on the stock. Sanford C. Bernstein started coverage on Carnival Co. & in a report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price objective for the company. Finally, The Goldman Sachs Group upped their target price on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, December 10th.

Hedge Funds Weigh In On Carnival Co. &

A number of institutional investors have recently modified their holdings of CCL. Crewe Advisors LLC grew its stake in Carnival Co. & by 275.8% in the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after acquiring an additional 888 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of Carnival Co. & during the third quarter worth $25,000. New Wave Wealth Advisors LLC purchased a new stake in shares of Carnival Co. & in the fourth quarter valued at $34,000. Assetmark Inc. increased its stake in Carnival Co. & by 1,431.5% in the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after purchasing an additional 1,546 shares during the last quarter. Finally, CVA Family Office LLC lifted its position in Carnival Co. & by 163.9% during the third quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock worth $36,000 after buying an additional 1,205 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $27.13 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. Carnival Co. & has a 12-month low of $13.78 and a 12-month high of $28.72. The company has a market cap of $31.59 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 0.86 and a beta of 2.64. The stock has a 50 day simple moving average of $25.62 and a 200-day simple moving average of $21.32.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.06. The firm had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. Carnival Co. &’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.07) earnings per share. On average, equities analysts forecast that Carnival Co. & will post 1.77 EPS for the current year.

About Carnival Co. &

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.