Carnival Co. & (NYSE:CCL) Now Covered by StockNews.com

Investment analysts at StockNews.com started coverage on shares of Carnival Co. & (NYSE:CCL – Get Rating) in a research report issued on Thursday. The brokerage set a “sell” rating on the stock.

A number of other research analysts have also commented on the company. UBS Group lowered their price objective on Carnival Co. & from $16.00 to $12.00 and set a “buy” rating on the stock in a report on Monday, January 9th. Citigroup raised their price objective on Carnival Co. & from $9.00 to $13.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 31st. Wells Fargo & Company cut their target price on Carnival Co. & from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Thursday, December 22nd. Stifel Nicolaus raised their target price on Carnival Co. & from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, December 14th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $13.00 price target on shares of Carnival Co. & in a report on Tuesday, December 6th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.71.

Carnival Co. & Trading Down 3.7 %

Shares of Carnival Co. & stock opened at $8.73 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 4.52. The firm has a market cap of $9.72 billion, a price-to-earnings ratio of -1.68 and a beta of 2.22. The business has a fifty day simple moving average of $10.72 and a 200-day simple moving average of $9.55. Carnival Co. & has a fifty-two week low of $6.11 and a fifty-two week high of $21.50.

Carnival Co. & (NYSE:CCL – Get Rating) last announced its earnings results on Wednesday, December 21st. The company reported ($0.85) EPS for the quarter, beating the consensus estimate of ($0.89) by $0.04. The business had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.96 billion. Carnival Co. & had a negative return on equity of 64.76% and a negative net margin of 50.07%. On average, equities analysts forecast that Carnival Co. & will post -0.18 EPS for the current fiscal year.

Insider Activity

In other news, CFO David Bernstein sold 107,119 shares of Carnival Co. & stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $11.08, for a total value of $1,186,878.52. Following the completion of the sale, the chief financial officer now directly owns 286,041 shares of the company’s stock, valued at approximately $3,169,334.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 11.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CCL. American Century Companies Inc. boosted its position in shares of Carnival Co. & by 13.3% in the 1st quarter. American Century Companies Inc. now owns 33,016 shares of the company’s stock worth $667,000 after purchasing an additional 3,869 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Carnival Co. & by 7.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 108,222 shares of the company’s stock worth $2,188,000 after purchasing an additional 7,248 shares during the last quarter. Yousif Capital Management LLC boosted its position in shares of Carnival Co. & by 3.4% in the 1st quarter. Yousif Capital Management LLC now owns 137,825 shares of the company’s stock worth $2,787,000 after purchasing an additional 4,536 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Carnival Co. & by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 4,734,230 shares of the company’s stock worth $95,697,000 after acquiring an additional 93,169 shares in the last quarter. Finally, Aviva PLC lifted its holdings in Carnival Co. & by 25.5% during the first quarter. Aviva PLC now owns 152,741 shares of the company’s stock worth $3,088,000 after acquiring an additional 31,037 shares in the last quarter. 49.87% of the stock is currently owned by institutional investors.

Carnival Co. & Company Profile

(Get Rating)

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.