Carnival Co. & (NYSE:CCL) Upgraded at Hsbc Global Res

Hsbc Global Res upgraded shares of Carnival Co. & (NYSE:CCL) from a moderate sell rating to a hold rating in a research note issued to investors on Friday morning,Zacks.com reports.

A number of other equities analysts also recently issued reports on CCL. Northcoast Research assumed coverage on Carnival Co. & in a research report on Friday, April 25th. They set a “neutral” rating on the stock. Stifel Nicolaus upped their target price on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, March 24th. Morgan Stanley raised Carnival Co. & from an “underweight” rating to an “equal weight” rating and lowered their price target for the stock from $25.00 to $21.00 in a report on Thursday, April 10th. BNP Paribas started coverage on Carnival Co. & in a research note on Thursday, March 27th. They set an “outperform” rating and a $26.00 price target on the stock. Finally, Macquarie cut their price objective on shares of Carnival Co. & from $31.00 to $26.00 and set an “outperform” rating on the stock in a report on Friday, May 9th. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Carnival Co. & presently has an average rating of “Moderate Buy” and a consensus price target of $26.68.

Carnival Co. & Stock Up 1.8%

Carnival Co. & stock opened at $23.42 on Friday. Carnival Co. & has a twelve month low of $13.78 and a twelve month high of $28.72. The business has a fifty day moving average of $19.45 and a two-hundred day moving average of $23.04. The firm has a market cap of $27.32 billion, a P/E ratio of 16.85, a P/E/G ratio of 0.73 and a beta of 2.50. 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 issued its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. The company had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.14) earnings per share. On average, analysts forecast that Carnival Co. & will post 1.77 earnings per share for the current fiscal year.

Institutional Trading of Carnival Co. &

A number of institutional investors and hedge funds have recently made changes to their positions in CCL. Nisa Investment Advisors LLC increased its holdings in Carnival Co. & by 1.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company’s stock worth $4,384,000 after acquiring an additional 1,678 shares in the last quarter. Illinois Municipal Retirement Fund increased its stake in shares of Carnival Co. & by 153.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company’s stock worth $8,386,000 after purchasing an additional 203,710 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Carnival Co. & by 26.6% during the 4th quarter. Private Advisor Group LLC now owns 86,837 shares of the company’s stock worth $2,164,000 after purchasing an additional 18,269 shares during the last quarter. Convergence Investment Partners LLC lifted its stake in Carnival Co. & by 54.4% in the 4th quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company’s stock valued at $1,002,000 after buying an additional 14,165 shares in the last quarter. Finally, Norges Bank purchased a new position in Carnival Co. & in the 4th quarter valued at about $59,486,000. 67.19% of the stock is currently owned by hedge funds and other 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.