Carnival Co. & (NYSE:CCL) Stock Rating Reaffirmed by Susquehanna

Susquehanna restated their positive rating on shares of Carnival Co. & (NYSE:CCL) in a research note published on Wednesday morning, Benzinga reports. They currently have a $22.00 price objective on the stock.

A number of other research firms also recently issued reports on CCL. Mizuho assumed coverage on shares of Carnival Co. & in a research report on Tuesday, March 26th. They set a buy rating and a $21.00 target price for the company. JPMorgan Chase & Co. boosted their target price on shares of Carnival Co. & from $22.00 to $23.00 and gave the company an overweight rating in a research report on Thursday, March 28th. Stifel Nicolaus decreased their target price on shares of Carnival Co. & from $26.00 to $25.00 and set a buy rating for the company in a research report on Thursday, March 28th. Macquarie boosted their target price on shares of Carnival Co. & from $22.00 to $24.00 and gave the company an outperform rating in a research report on Thursday, March 28th. Finally, Wells Fargo & Company upped their price objective on shares of Carnival Co. & from $22.00 to $23.00 and gave the stock an overweight rating in a research report on Friday, May 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $22.00.

Carnival Co. & Trading Up 0.6 %

NYSE:CCL opened at $18.72 on Wednesday. Carnival Co. & has a 12 month low of $10.84 and a 12 month high of $19.74. The firm has a fifty day simple moving average of $15.64 and a 200-day simple moving average of $16.13. The company has a current ratio of 0.28, a quick ratio of 0.32 and a debt-to-equity ratio of 3.99. The company has a market capitalization of $21.01 billion, a P/E ratio of 28.80 and a beta of 2.57.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.12. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The business had revenue of $5.78 billion during the quarter, compared to the consensus estimate of $5.68 billion. During the same period in the previous year, the firm posted ($0.31) earnings per share. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. On average, equities research analysts anticipate that Carnival Co. & will post 1.19 earnings per share for the current year.

Institutional Trading of Carnival Co. &

Large investors have recently bought and sold shares of the business. Richardson Capital Management LLC purchased a new stake in shares of Carnival Co. & in the 1st quarter valued at approximately $26,000. Friedenthal Financial purchased a new stake in shares of Carnival Co. & in the 4th quarter valued at approximately $28,000. ICA Group Wealth Management LLC purchased a new stake in shares of Carnival Co. & in the 4th quarter valued at approximately $31,000. BNP Paribas purchased a new stake in shares of Carnival Co. & in the 1st quarter valued at approximately $32,000. Finally, Massmutual Trust Co. FSB ADV grew its stake in shares of Carnival Co. & by 67.2% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock valued at $34,000 after buying an additional 739 shares during the period. Hedge funds and other institutional investors own 67.19% of the company’s stock.

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.