Carnival Co. & (NYSE:CCL) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Carnival Co. & (NYSE:CCL) from a hold rating to a buy rating in a research report released on Thursday morning.

Other analysts have also recently issued research reports about the company. Barclays boosted their price target on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. Mizuho upped their target price on Carnival Co. & from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday. BNP Paribas assumed coverage on Carnival Co. & in a report on Thursday. They set an “outperform” rating and a $26.00 price target on the stock. Wells Fargo & Company boosted their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Finally, Citigroup lowered their target price on shares of Carnival Co. & from $31.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.89.

Carnival Co. & Stock Down 0.6 %

CCL opened at $20.80 on Thursday. The company has a market capitalization of $24.21 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. Carnival Co. & has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The business has a 50-day moving average of $23.91 and a 200-day moving average of $23.08.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm had revenue of $5.81 billion during the quarter, compared to analysts’ expectations of $5.74 billion. During the same period in the previous year, the company earned ($0.14) earnings per share. The company’s revenue was up 7.5% compared to the same quarter last year. Equities research analysts forecast that Carnival Co. & will post 1.77 EPS for the current fiscal year.

Hedge Funds Weigh In On Carnival Co. &

Hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC lifted its stake in Carnival Co. & by 186.6% during the fourth quarter. FMR LLC now owns 9,898,906 shares of the company’s stock worth $246,681,000 after purchasing an additional 6,444,444 shares during the period. Nuveen Asset Management LLC lifted its position in shares of Carnival Co. & by 33.7% during the 4th quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company’s stock worth $569,423,000 after buying an additional 5,761,489 shares during the period. Vanguard Group Inc. boosted its stake in Carnival Co. & by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company’s stock valued at $2,918,022,000 after buying an additional 4,458,329 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new stake in Carnival Co. & in the fourth quarter valued at $100,845,000. Finally, AQR Capital Management LLC raised its stake in Carnival Co. & by 228.8% during the fourth quarter. AQR Capital Management LLC now owns 4,689,305 shares of the company’s stock worth $116,857,000 after acquiring an additional 3,263,204 shares in the last quarter. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Company Profile

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.