Carnival Co. & (NYSE:CCL) Upgraded at Hsbc Global Res

Carnival Co. & (NYSE:CCL) was upgraded by equities researchers at Hsbc Global Res to a “moderate sell” rating in a note issued to investors on Tuesday, Zacks.com reports.

CCL has been the subject of several other research reports. UBS Group upped their price target on Carnival Co. & from $20.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. Morgan Stanley upped their target price on shares of Carnival Co. & from $13.50 to $15.00 and gave the company an “underweight” rating in a research note on Wednesday, August 7th. Bank of America raised their price target on shares of Carnival Co. & from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. JPMorgan Chase & Co. upped their price objective on Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, Wells Fargo & Company increased their target price on Carnival Co. & from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. One 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. According to data from MarketBeat, Carnival Co. & currently has an average rating of “Moderate Buy” and a consensus price target of $22.33.

Carnival Co. & Stock Performance

Shares of CCL opened at $16.15 on Tuesday. The company has a market capitalization of $18.12 billion, a PE ratio of 24.84 and a beta of 2.68. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.24. Carnival Co. & has a one year low of $10.84 and a one year high of $19.74. The company’s fifty day moving average price is $16.69 and its 200 day moving average price is $15.99.

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

Institutional Investors Weigh In On Carnival Co. &

Hedge funds have recently added to or reduced their stakes in the stock. Richardson Capital Management LLC acquired a new position in shares of Carnival Co. & during the first quarter worth approximately $26,000. Family Firm Inc. bought a new position in Carnival Co. & in the 2nd quarter worth approximately $26,000. Hantz Financial Services Inc. acquired a new position in Carnival Co. & during the 2nd quarter worth $30,000. ICA Group Wealth Management LLC bought a new position in Carnival Co. & in the 4th quarter valued at $31,000. Finally, BNP Paribas bought a new position in Carnival Co. & in the 1st quarter valued at $32,000. Institutional investors own 67.19% of the company’s stock.

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.