Carnival Co. & plc (NYSE:CCL) Given Average Recommendation of “Hold” by Brokerages

Shares of Carnival Co. & plc (NYSE:CCLGet Rating) have received an average recommendation of “Hold” from the sixteen research firms that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $24.49.

A number of analysts have recently commented on CCL shares. Argus downgraded Carnival Co. & from a “buy” rating to a “hold” rating in a research note on Friday, March 25th. Wells Fargo & Company began coverage on Carnival Co. & in a report on Tuesday, March 29th. They issued an “underweight” rating and a $21.00 target price on the stock. Truist Financial decreased their target price on Carnival Co. & from $20.00 to $17.00 and set a “sell” rating on the stock in a report on Thursday, March 17th. Deutsche Bank Aktiengesellschaft decreased their target price on Carnival Co. & from $25.00 to $24.00 and set a “hold” rating on the stock in a report on Wednesday, March 23rd. Finally, Jefferies Financial Group lowered their price target on Carnival Co. & from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, March 29th.

NYSE CCL traded up $1.02 during mid-day trading on Monday, reaching $14.28. 40,862,012 shares of the company’s stock traded hands, compared to its average volume of 32,523,936. Carnival Co. & has a 1-year low of $12.72 and a 1-year high of $31.52. The company has a fifty day simple moving average of $18.10 and a 200-day simple moving average of $19.82. The company has a current ratio of 0.74, a quick ratio of 0.70 and a debt-to-equity ratio of 2.90. The company has a market cap of $14.13 billion, a price-to-earnings ratio of -1.72 and a beta of 2.02.

Carnival Co. & (NYSE:CCLGet Rating) last issued its earnings results on Tuesday, March 22nd. The company reported ($1.65) EPS for the quarter, missing the consensus estimate of ($1.23) by ($0.42). The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $2.26 billion. Carnival Co. & had a negative return on equity of 56.97% and a negative net margin of 268.65%. Carnival Co. &’s revenue was up 6142.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.79) EPS. Equities research analysts forecast that Carnival Co. & will post -2.22 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Carnival Co. & by 3.6% in the first quarter. Vanguard Group Inc. now owns 90,114,182 shares of the company’s stock valued at $1,822,109,000 after buying an additional 3,122,603 shares during the period. Allianz Asset Management GmbH raised its position in Carnival Co. & by 370.6% during the third quarter. Allianz Asset Management GmbH now owns 3,854,317 shares of the company’s stock valued at $96,396,000 after purchasing an additional 3,035,340 shares in the last quarter. Norges Bank acquired a new position in Carnival Co. & during the fourth quarter valued at approximately $60,673,000. Morgan Stanley increased its holdings in shares of Carnival Co. & by 36.1% during the third quarter. Morgan Stanley now owns 7,696,287 shares of the company’s stock worth $192,485,000 after buying an additional 2,042,998 shares in the last quarter. Finally, Candlestick Capital Management LP increased its holdings in shares of Carnival Co. & by 26.3% during the fourth quarter. Candlestick Capital Management LP now owns 5,557,058 shares of the company’s stock worth $111,808,000 after buying an additional 1,157,058 shares in the last quarter. 65.38% of the stock is currently owned by hedge funds and other institutional investors.

About Carnival Co. & (Get Rating)

Carnival Corporation & plc operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard brand names. The company also provides port destinations and other services, as well as owns and 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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