Carnival Co. & (NYSE:CCL) Trading Down 0% – Should You Sell?

Carnival Co. & plc (NYSE:CCL)’s share price was down 0% during trading on Tuesday . The stock traded as low as $20.78 and last traded at $21.27. Approximately 5,674,492 shares traded hands during trading, a decline of 81% from the average daily volume of 30,103,137 shares. The stock had previously closed at $21.28.

Analyst Ratings Changes

CCL has been the subject of a number of analyst reports. Truist Financial lifted their price objective on Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. Argus lifted their target price on shares of Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Susquehanna reaffirmed a “positive” rating and set a $22.00 price target on shares of Carnival Co. & in a report on Wednesday, June 26th. Hsbc Global Res upgraded Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. Finally, Tigress Financial increased their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, October 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.53.

Carnival Co. & Stock Up 0.8 %

The stock has a market cap of $24.07 billion, a price-to-earnings ratio of 32.72 and a beta of 2.69. The firm has a 50 day simple moving average of $17.72 and a two-hundred day simple moving average of $16.60. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.10. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The company had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.82 billion. During the same period last year, the business posted $0.86 earnings per share. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, sell-side analysts expect that Carnival Co. & plc will post 1.33 EPS for the current year.

Institutional Trading of Carnival Co. &

Large investors have recently bought and sold shares of the business. Lecap Asset Management Ltd. acquired a new stake in Carnival Co. & in the third quarter valued at $528,000. Signaturefd LLC boosted its position in Carnival Co. & by 6.2% during the third quarter. Signaturefd LLC now owns 13,477 shares of the company’s stock worth $249,000 after purchasing an additional 785 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of Carnival Co. & by 4.6% in the third quarter. Sequoia Financial Advisors LLC now owns 27,385 shares of the company’s stock valued at $506,000 after purchasing an additional 1,211 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in Carnival Co. & by 1.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock valued at $75,310,000 after acquiring an additional 39,491 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of Carnival Co. & by 6.1% during the third quarter. Blue Trust Inc. now owns 25,086 shares of the company’s stock worth $470,000 after purchasing an additional 1,440 shares during the period. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Company Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.