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

Carnival Co. & (NYSE:CCL) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.

Other equities analysts have also recently issued reports about the company. William Blair restated an “outperform” rating on shares of Carnival Co. & in a research report on Monday, March 10th. Loop Capital lowered their price target on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Monday, March 24th. Morgan Stanley raised Carnival Co. & from an “underweight” rating to an “equal weight” rating and dropped their price objective for the company from $25.00 to $21.00 in a research note on Thursday, April 10th. Tigress Financial reissued a “buy” rating on shares of Carnival Co. & in a research note on Wednesday, March 26th. Finally, Truist Financial boosted their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.84.

Carnival Co. & Stock Performance

NYSE CCL opened at $17.94 on Friday. The company’s 50 day moving average is $20.87 and its 200-day moving average is $23.11. The firm has a market cap of $20.93 billion, a P/E ratio of 12.91, a price-to-earnings-growth ratio of 0.73 and a beta of 2.42. Carnival Co. & has a 12-month low of $13.78 and a 12-month high of $28.72. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80.

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

Institutional Investors Weigh In On Carnival Co. &

Several institutional investors and hedge funds have recently made changes to their positions in CCL. PKO Investment Management Joint Stock Co boosted its stake in Carnival Co. & by 11.1% during the 1st quarter. PKO Investment Management Joint Stock Co now owns 100,000 shares of the company’s stock valued at $1,953,000 after purchasing an additional 10,000 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in Carnival Co. & in the 1st quarter worth about $117,000. QRG Capital Management Inc. lifted its stake in Carnival Co. & by 42.1% during the 1st quarter. QRG Capital Management Inc. now owns 925,222 shares of the company’s stock valued at $18,070,000 after acquiring an additional 274,026 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Carnival Co. & by 50.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 554,218 shares of the company’s stock valued at $10,824,000 after acquiring an additional 184,949 shares during the last quarter. Finally, Everpar Advisors LLC purchased a new stake in shares of Carnival Co. & during the 1st quarter valued at about $240,000. Institutional investors own 67.19% of the company’s stock.

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.