Carnival Co. &’s (CCL) Positive Rating Reiterated at Susquehanna

Susquehanna reissued their positive rating on shares of Carnival Co. & (NYSE:CCL) in a report issued on Wednesday morning, Benzinga reports. The brokerage currently has a $22.00 price target on the stock.

Other equities analysts also recently issued research reports about the stock. William Blair reissued an outperform rating on shares of Carnival Co. & in a research note on Monday, April 22nd. Macquarie raised their price objective on shares of Carnival Co. & from $22.00 to $24.00 and gave the stock an outperform rating in a report on Thursday, March 28th. The Goldman Sachs Group began coverage on shares of Carnival Co. & in a research report on Wednesday, March 13th. They issued a buy rating and a $20.00 price target on the stock. Mizuho began coverage on shares of Carnival Co. & in a research report on Tuesday, March 26th. They issued a buy rating and a $21.00 price objective on the stock. Finally, Tigress Financial lifted their price objective on shares of Carnival Co. & from $23.00 to $25.00 and gave the company a buy rating in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $22.00.

Carnival Co. & Stock Up 0.6 %

CCL stock opened at $18.72 on Wednesday. The company has a 50 day moving average price of $15.64 and a two-hundred day moving average price of $16.14. Carnival Co. & has a one year low of $10.84 and a one year high of $19.74. The stock has a market capitalization of $21.01 billion, a P/E ratio of 28.80 and a beta of 2.57. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.32 and a current ratio of 0.28.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.12. The company had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $5.68 billion. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. Carnival Co. &’s revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.31) earnings per share. As a group, sell-side analysts expect that Carnival Co. & will post 1.19 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Friedenthal Financial acquired a new stake in shares of Carnival Co. & during the fourth quarter worth approximately $28,000. Richardson Capital Management LLC acquired a new stake in shares of Carnival Co. & in the first quarter worth $26,000. ICA Group Wealth Management LLC acquired a new stake in shares of Carnival Co. & in the fourth quarter worth $31,000. Massmutual Trust Co. FSB ADV lifted its stake in shares of Carnival Co. & by 67.2% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock worth $34,000 after buying an additional 739 shares during the last quarter. Finally, BNP Paribas acquired a new stake in shares of Carnival Co. & in the first quarter worth $32,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Company Profile

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.