Macquarie Cuts Carnival Co. & (NYSE:CCL) Price Target to $26.00

Carnival Co. & (NYSE:CCL) had its price objective lowered by Macquarie from $31.00 to $26.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

CCL has been the topic of a number of other reports. Barclays dropped their price target on shares of Carnival Co. & from $32.00 to $26.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. William Blair reissued an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. Tigress Financial reissued a “buy” rating on shares of Carnival Co. & in a report on Wednesday, March 26th. Morgan Stanley raised Carnival Co. & from an “underweight” rating to an “equal weight” rating and dropped their price objective for the stock from $25.00 to $21.00 in a report on Thursday, April 10th. Finally, StockNews.com cut Carnival Co. & from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.53.

Carnival Co. & Stock Down 0.3%

CCL opened at $20.18 on Friday. Carnival Co. & has a 52 week low of $13.78 and a 52 week high of $28.72. The business has a 50 day moving average price of $19.20 and a two-hundred day moving average price of $23.00. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The company has a market cap of $23.54 billion, a PE ratio of 14.52, a P/E/G ratio of 0.73 and a beta of 2.50.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business had revenue of $5.81 billion during the quarter, compared to analysts’ expectations of $5.74 billion. During the same quarter in the prior year, the business earned ($0.14) earnings per share. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, research analysts anticipate that Carnival Co. & will post 1.77 EPS for the current year.

Hedge Funds Weigh In On Carnival Co. &

Institutional investors and hedge funds have recently modified their holdings of the company. N.E.W. Advisory Services LLC purchased a new position in shares of Carnival Co. & during the 1st quarter worth $25,000. Graybill Wealth Management LTD. purchased a new position in Carnival Co. & during the first quarter worth about $26,000. Measured Risk Portfolios Inc. acquired a new stake in Carnival Co. & in the 4th quarter worth about $29,000. Crewe Advisors LLC grew its holdings in Carnival Co. & by 275.8% in the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after buying an additional 888 shares during the period. Finally, Orion Capital Management LLC acquired a new position in shares of Carnival Co. & during the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

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.