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

Carnival Co. & plc (NYSE:CCL)’s share price rose 0.3% during 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.

Wall Street Analysts Forecast Growth

CCL has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, June 26th. Truist Financial raised their price objective on Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday. Barclays raised their price objective on Carnival Co. & from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Stifel Nicolaus reduced their price objective on Carnival Co. & from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. Finally, Citigroup raised their price objective on Carnival Co. & from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.11.

Carnival Co. & Stock Performance

The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.24. The firm has a fifty day simple moving average of $16.92 and a 200 day simple moving average of $16.11. The company has a market capitalization of $19.35 billion, a price-to-earnings ratio of 26.38 and a beta of 2.68.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.12. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The company had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.68 billion. During the same period last year, the company earned ($0.31) earnings per share. Carnival Co. &’s quarterly revenue was up 17.7% compared to the same quarter last year. On average, analysts anticipate that Carnival Co. & plc will post 1.18 earnings per share for the current fiscal year.

Institutional Trading of Carnival Co. &

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Carnival Co. & by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 113,163,718 shares of the company’s stock worth $2,098,055,000 after acquiring an additional 559,038 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Carnival Co. & by 19.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,123,585 shares of the company’s stock valued at $95,001,000 after purchasing an additional 844,014 shares during the period. Commonwealth Equity Services LLC raised its position in Carnival Co. & by 16.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,697,626 shares of the company’s stock valued at $87,094,000 after purchasing an additional 652,798 shares during the period. Earnest Partners LLC raised its position in Carnival Co. & by 12.5% in the first quarter. Earnest Partners LLC now owns 4,567,402 shares of the company’s stock valued at $74,631,000 after purchasing an additional 507,045 shares during the period. Finally, Point72 Asset Management L.P. raised its position in Carnival Co. & by 210.1% in the fourth quarter. Point72 Asset Management L.P. now owns 3,894,286 shares of the company’s stock valued at $72,200,000 after purchasing an additional 2,638,564 shares during the period. 67.19% of the stock is owned by institutional investors and hedge funds.

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.