Brokerages Set Carnival Co. & plc (NYSE:CCL) Price Target at $26.84

Carnival Co. & plc (NYSE:CCL) has been given a consensus recommendation of “Moderate Buy” by the twenty research firms that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $26.84.

A number of equities analysts have commented on CCL shares. StockNews.com raised Carnival Co. & from a “hold” rating to a “buy” rating in a research note on Friday. BNP Paribas started coverage on shares of Carnival Co. & in a report on Thursday, March 27th. They set an “outperform” rating and a $26.00 price objective on the stock. Truist Financial boosted their target price on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. William Blair reissued an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. Finally, Stifel Nicolaus upped their price objective on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, March 24th.

Carnival Co. & Stock Performance

Shares of NYSE:CCL opened at $17.94 on Friday. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The business’s fifty day moving average price is $20.87 and its two-hundred day moving average price is $23.15. Carnival Co. & has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The stock has a market capitalization of $20.93 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 0.73 and a beta of 2.42.

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

Institutional Investors Weigh In On Carnival Co. &

Institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC grew its holdings in shares of Carnival Co. & by 1.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company’s stock worth $4,384,000 after buying an additional 1,678 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in shares of Carnival Co. & by 153.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company’s stock worth $8,386,000 after acquiring an additional 203,710 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Carnival Co. & by 26.6% in the fourth quarter. Private Advisor Group LLC now owns 86,837 shares of the company’s stock valued at $2,164,000 after purchasing an additional 18,269 shares during the last quarter. Convergence Investment Partners LLC lifted its position in shares of Carnival Co. & by 54.4% in the fourth quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company’s stock worth $1,002,000 after purchasing an additional 14,165 shares in the last quarter. Finally, Norges Bank acquired a new position in Carnival Co. & during the fourth quarter worth $59,486,000. 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.