Carnival Co. & plc (NYSE:CCL) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Carnival Co. & plc (NYSE:CCL) have received a consensus recommendation of “Moderate Buy” from the seventeen brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $23.53.

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus increased their price objective on shares of Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Bank of America increased their price objective on shares of Carnival Co. & from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Mizuho increased their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st. Tigress Financial increased their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Finally, Morgan Stanley increased their target price on shares of Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a research report on Tuesday, October 1st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Family Firm Inc. purchased a new position in shares of Carnival Co. & during the second quarter worth $26,000. Hantz Financial Services Inc. purchased a new position in shares of Carnival Co. & during the second quarter worth $30,000. Richardson Capital Management LLC purchased a new position in shares of Carnival Co. & during the first quarter worth $26,000. CVA Family Office LLC raised its holdings in shares of Carnival Co. & by 163.9% during the third quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock worth $36,000 after purchasing an additional 1,205 shares during the last quarter. Finally, BNP Paribas purchased a new position in shares of Carnival Co. & during the first quarter worth $32,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Price Performance

Shares of CCL stock opened at $20.91 on Friday. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26. The company has a market capitalization of $23.47 billion, a P/E ratio of 32.17 and a beta of 2.69. The company’s 50-day simple moving average is $17.97 and its two-hundred day simple moving average is $16.67. Carnival Co. & has a one year low of $10.95 and a one year high of $21.80.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Monday, September 30th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The business had revenue of $7.90 billion for the quarter, compared to the consensus estimate of $7.82 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 EPS. As a group, equities analysts anticipate that Carnival Co. & will post 1.33 EPS for the current year.

About Carnival Co. &

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.