Carnival Co. & (NYSE:CCL) Trading Up 0.3%

Carnival Co. & plc (NYSE:CCL) shares were up 0.3% during mid-day trading on Friday . The company traded as high as $17.51 and last traded at $17.15. Approximately 4,686,441 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 30,669,281 shares. The stock had previously closed at $17.10.

Analysts Set New Price Targets

CCL has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on shares of Carnival Co. & from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Tigress Financial boosted their price target on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, June 26th. UBS Group lifted their target price on shares of Carnival Co. & from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Finally, Truist Financial lifted their target price on shares of Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.11.

Carnival Co. & Trading Up 0.8 %

The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28. The firm has a market cap of $19.35 billion, a P/E ratio of 26.38 and a beta of 2.68. The firm has a 50 day simple moving average of $16.92 and a 200 day simple moving average of $16.11.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. The company had revenue of $5.78 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the business earned ($0.31) earnings per share. On average, equities research analysts predict that Carnival Co. & plc will post 1.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Carnival Co. &

A number of institutional investors have recently added to or reduced their stakes in the business. Richardson Capital Management LLC bought a new stake in shares of Carnival Co. & during the 1st quarter worth $26,000. Family Firm Inc. bought a new stake in Carnival Co. & during the second quarter worth about $26,000. Friedenthal Financial bought a new stake in Carnival Co. & during the fourth quarter worth about $28,000. ICA Group Wealth Management LLC purchased a new position in shares of Carnival Co. & in the 4th quarter worth about $31,000. Finally, BNP Paribas bought a new position in shares of Carnival Co. & during the 1st quarter valued at about $32,000. 67.19% of the stock is currently owned by institutional investors.

About Carnival Co. &

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.