Carnival Co. & (NYSE:CCL) Rating Increased to Hold at HSBC

HSBC upgraded shares of Carnival Co. & (NYSE:CCL) from a reduce rating to a hold rating in a report released on Friday morning, Marketbeat Ratings reports. They currently have $24.00 price objective on the stock.

CCL has been the subject of a number of other reports. Northcoast Research began coverage on Carnival Co. & in a report on Friday, April 25th. They issued a “neutral” rating for the company. Barclays decreased their price objective on Carnival Co. & from $32.00 to $26.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Morgan Stanley raised Carnival Co. & from an “underweight” rating to an “equal weight” rating and decreased their price target for the company from $25.00 to $21.00 in a research note on Thursday, April 10th. Truist Financial increased their price target on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Finally, 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 for the company. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Carnival Co. & presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.68.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $23.42 on Friday. Carnival Co. & has a 12-month low of $13.78 and a 12-month high of $28.72. The firm has a market capitalization of $27.32 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 0.73 and a beta of 2.50. The business has a 50 day simple moving average of $19.45 and a 200 day simple moving average of $23.04. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share (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 business had revenue of $5.81 billion during the quarter, compared to analyst estimates of $5.74 billion. During the same period in the prior year, the company posted ($0.14) EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities research analysts anticipate that Carnival Co. & will post 1.77 EPS for the current year.

Institutional Investors Weigh In On Carnival Co. &

A number of institutional investors and hedge funds have recently modified their holdings of CCL. Hartford Investment Management Co. lifted its holdings in shares of Carnival Co. & by 0.6% in the fourth quarter. Hartford Investment Management Co. now owns 64,231 shares of the company’s stock valued at $1,601,000 after purchasing an additional 387 shares in the last quarter. Prestige Wealth Management Group LLC lifted its holdings in shares of Carnival Co. & by 23.1% in the fourth quarter. Prestige Wealth Management Group LLC now owns 2,173 shares of the company’s stock valued at $54,000 after purchasing an additional 408 shares in the last quarter. Avidian Wealth Enterprises LLC lifted its holdings in shares of Carnival Co. & by 4.6% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock valued at $267,000 after purchasing an additional 468 shares in the last quarter. Sound View Wealth Advisors Group LLC lifted its holdings in shares of Carnival Co. & by 3.3% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company’s stock valued at $372,000 after purchasing an additional 475 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its holdings in shares of Carnival Co. & by 1.1% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock valued at $1,224,000 after purchasing an additional 521 shares in the last quarter. Institutional investors and hedge funds 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.