Carnival Co. & plc (NYSE:CCL) Receives $21.61 Consensus PT from Brokerages

Shares of Carnival Co. & plc (NYSE:CCLGet Free Report) have earned a consensus rating of “Moderate Buy” from the nineteen ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $21.61.

Several analysts have recently issued reports on the stock. The Goldman Sachs Group started coverage on shares of Carnival Co. & in a research note on Wednesday, March 13th. They issued a “buy” rating and a $20.00 target price for the company. William Blair restated an “outperform” rating on shares of Carnival Co. & in a research note on Monday, April 22nd. Macquarie increased their price target on Carnival Co. & from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Wells Fargo & Company lifted their price target on Carnival Co. & from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Finally, UBS Group raised their target price on Carnival Co. & from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, May 14th.

Get Our Latest Analysis on Carnival Co. &

Institutional Trading of Carnival Co. &

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sunbelt Securities Inc. grew its position in shares of Carnival Co. & by 4.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 15,248 shares of the company’s stock valued at $209,000 after purchasing an additional 601 shares in the last quarter. Parkside Financial Bank & Trust grew its position in Carnival Co. & by 10.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 7,341 shares of the company’s stock worth $136,000 after buying an additional 689 shares in the last quarter. GAMMA Investing LLC increased its stake in Carnival Co. & by 7.5% in the 1st quarter. GAMMA Investing LLC now owns 10,356 shares of the company’s stock worth $169,000 after acquiring an additional 726 shares during the last quarter. Texas Permanent School Fund Corp raised its holdings in shares of Carnival Co. & by 0.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 206,795 shares of the company’s stock valued at $3,379,000 after acquiring an additional 729 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of Carnival Co. & by 67.2% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock valued at $34,000 after acquiring an additional 739 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Up 2.0 %

Carnival Co. & stock opened at $16.40 on Friday. The firm has a market capitalization of $18.40 billion, a price-to-earnings ratio of 63.06 and a beta of 2.57. The firm’s fifty day moving average price is $15.30 and its two-hundred day moving average price is $16.10. Carnival Co. & has a 1-year low of $10.84 and a 1-year high of $19.74. The company has a current ratio of 0.36, a quick ratio of 0.32 and a debt-to-equity ratio of 4.27.

Carnival Co. & (NYSE:CCLGet Free Report) last released its quarterly earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04. The business had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.42 billion. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The company’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.55) EPS. On average, equities research analysts predict that Carnival Co. & will post 1.01 earnings per share for the current fiscal year.

Carnival Co. & Company Profile

(Get Free Report

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.

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Analyst Recommendations for Carnival Co. & (NYSE:CCL)

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