Carnival Co. & (NYSE:CCL) Price Target Lowered to $27.00 at Truist Financial

Carnival Co. & (NYSE:CCL) had its target price decreased by Truist Financial from $30.00 to $27.00 in a report issued on Monday,Benzinga reports. Truist Financial currently has a hold rating on the stock.

Other analysts have also issued research reports about the stock. Northcoast Research assumed coverage on shares of Carnival Co. & in a research note on Friday, April 25th. They set a “neutral” rating on the stock. Morgan Stanley upgraded shares of 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. William Blair reiterated an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. Hsbc Global Res raised shares of Carnival Co. & from a “moderate sell” rating to a “hold” rating in a research report on Friday. Finally, Citigroup decreased their price target on shares of Carnival Co. & from $31.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $26.53.

Carnival Co. & Trading Down 0.0%

NYSE CCL opened at $23.38 on Monday. Carnival Co. & has a one year low of $13.78 and a one year high of $28.72. The company’s 50 day moving average price is $19.53 and its 200 day moving average price is $23.05. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The firm has a market capitalization of $27.28 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 0.73 and a beta of 2.50.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $5.74 billion. During the same quarter last year, the firm posted ($0.14) earnings per share. Carnival Co. &’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, sell-side analysts predict that Carnival Co. & will post 1.77 EPS for the current year.

Institutional Investors Weigh In On Carnival Co. &

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