Carnival Co. & (NYSE:CCL) Shares Down 0.1% – Time to Sell?

Carnival Co. & plc (NYSE:CCL)’s share price traded down 0.1% during mid-day trading on Thursday . The company traded as low as $20.90 and last traded at $20.97. 4,059,151 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 29,975,041 shares. The stock had previously closed at $21.00.

Wall Street Analysts Forecast Growth

CCL has been the topic of several recent analyst reports. Barclays raised their price target on Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Mizuho boosted their target price on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st. Morgan Stanley upped their price objective on shares of Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a research note on Tuesday, October 1st. Stifel Nicolaus lifted their target price on shares of Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Finally, Citigroup raised their target price on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $23.53.

Carnival Co. & Stock Performance

The firm’s fifty day moving average price is $17.97 and its two-hundred day moving average price is $16.67. The stock has a market capitalization of $23.34 billion, a PE ratio of 32.26 and a beta of 2.69. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Monday, September 30th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.17 by $0.10. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The company had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.82 billion. During the same period in the previous year, the business earned $0.86 EPS. Carnival Co. &’s quarterly revenue was up 15.2% on a year-over-year basis. As a group, equities research analysts forecast that Carnival Co. & plc will post 1.33 EPS for the current year.

Institutional Investors Weigh In On Carnival Co. &

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale boosted its position in Carnival Co. & by 18.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 271,586 shares of the company’s stock valued at $5,001,000 after buying an additional 42,631 shares during the period. PFG Investments LLC boosted its holdings in shares of Carnival Co. & by 2.8% in the third quarter. PFG Investments LLC now owns 23,659 shares of the company’s stock valued at $437,000 after acquiring an additional 641 shares during the period. Forsta AP Fonden boosted its stake in shares of Carnival Co. & by 16.4% during the third quarter. Forsta AP Fonden now owns 215,500 shares of the company’s stock worth $3,982,000 after buying an additional 30,400 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Carnival Co. & by 42.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,774 shares of the company’s stock valued at $1,275,000 after purchasing an additional 20,456 shares during the last quarter. Finally, Allworth Financial LP increased its stake in Carnival Co. & by 16.4% in the 3rd quarter. Allworth Financial LP now owns 16,469 shares of the company’s stock valued at $304,000 after buying an additional 2,317 shares during the period. Institutional investors and hedge funds 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.