Carnival Co. & (NYSE:CCL) Coverage Initiated by Analysts at BNP Paribas

Equities research analysts at BNP Paribas began coverage on shares of Carnival Co. & (NYSE:CCL) in a note issued to investors on Thursday,Briefing.com Automated Import reports. The firm set an “outperform” rating and a $26.00 price target on the stock. BNP Paribas’ price target would indicate a potential upside of 24.29% from the company’s current price.

Several other analysts have also recently commented on CCL. Loop Capital lowered their target price on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Monday. Wells Fargo & Company lifted their price objective on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Truist Financial increased their target price on Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Tigress Financial restated a “buy” rating on shares of Carnival Co. & in a report on Wednesday. Finally, Morgan Stanley upped their price objective on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Carnival Co. & currently has an average rating of “Moderate Buy” and an average target price of $26.89.

Carnival Co. & Stock Down 1.6 %

CCL opened at $20.92 on Thursday. The firm has a market cap of $24.35 billion, a P/E ratio of 15.05, a PEG ratio of 0.73 and a beta of 2.66. The business’s fifty day simple moving average is $23.99 and its 200 day simple moving average is $23.10. Carnival Co. & has a 52 week low of $13.78 and a 52 week high of $28.72. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CCL) last released its earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. The company had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.14) EPS. As a group, equities research analysts anticipate that Carnival Co. & will post 1.77 EPS for the current fiscal year.

Hedge Funds Weigh In On Carnival Co. &

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CCL. Measured Risk Portfolios Inc. bought a new stake in shares of Carnival Co. & in the fourth quarter worth $29,000. Orion Capital Management LLC acquired a new stake in shares of Carnival Co. & during the 4th quarter worth approximately $30,000. Crewe Advisors LLC lifted its stake in Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after buying an additional 888 shares during the last quarter. New Wave Wealth Advisors LLC bought a new stake in Carnival Co. & in the 4th quarter valued at about $34,000. Finally, Millstone Evans Group LLC bought a new stake in shares of Carnival Co. & during the fourth quarter valued at approximately $34,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Company Profile

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.