Norinchukin Bank The Boosts Stock Position in Carnival Co. & plc (NYSE:CCL)

Norinchukin Bank The increased its position in Carnival Co. & plc (NYSE:CCL) by 3.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 38,985 shares of the company’s stock after acquiring an additional 1,232 shares during the quarter. Norinchukin Bank The’s holdings in Carnival Co. & were worth $972,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CCL. Morse Asset Management Inc bought a new stake in Carnival Co. & during the third quarter valued at approximately $46,000. World Investment Advisors LLC purchased a new position in shares of Carnival Co. & in the third quarter worth about $252,000. Wilmington Savings Fund Society FSB bought a new stake in Carnival Co. & in the third quarter valued at approximately $87,000. Tidal Investments LLC grew its holdings in Carnival Co. & by 2.9% in the 3rd quarter. Tidal Investments LLC now owns 73,147 shares of the company’s stock worth $1,352,000 after acquiring an additional 2,033 shares during the last quarter. Finally, Synovus Financial Corp increased its holdings in Carnival Co. & by 5.5% during the 3rd quarter. Synovus Financial Corp now owns 13,456 shares of the company’s stock valued at $249,000 after purchasing an additional 700 shares during the period. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on CCL shares. BNP Paribas began coverage on shares of Carnival Co. & in a report on Thursday, March 27th. They issued an “outperform” rating and a $26.00 price target on the stock. Morgan Stanley upgraded shares of Carnival Co. & from an “underweight” rating to an “equal weight” rating and reduced their price target for the company from $25.00 to $21.00 in a research report on Thursday, April 10th. Stifel Nicolaus raised their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, March 24th. Truist Financial increased their target price on Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Finally, StockNews.com upgraded Carnival Co. & from a “hold” rating to a “buy” rating in a research report on Friday. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.84.

Carnival Co. & Price Performance

Shares of NYSE:CCL opened at $17.24 on Tuesday. The business has a 50-day simple moving average of $20.70 and a two-hundred day simple moving average of $23.15. 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 cap of $20.11 billion, a price-to-earnings ratio of 12.40, a price-to-earnings-growth ratio of 0.73 and a beta of 2.42. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.11. The company had revenue of $5.81 billion for the quarter, compared to analysts’ expectations 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 quarter last year, the company posted ($0.14) earnings per share. On average, analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current year.

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.