Carnival Co. & plc (NYSE:CCL) Given Average Rating of “Hold” by Brokerages

Shares of Carnival Co. & plc (NYSE:CCL – Get Rating) have received a consensus recommendation of “Hold” from the seventeen analysts that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $11.51.

A number of brokerages have issued reports on CCL. StockNews.com began coverage on Carnival Co. & in a report on Thursday, May 18th. They set a “sell” rating for the company. Credit Suisse Group boosted their target price on Carnival Co. & from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Monday, March 27th. JPMorgan Chase & Co. started coverage on Carnival Co. & in a report on Friday, April 28th. They issued a “neutral” rating and a $11.00 target price for the company. Wells Fargo & Company raised Carnival Co. & from an “underweight” rating to an “equal weight” rating and set a $9.00 price objective for the company in a research note on Tuesday, March 28th. Finally, Barclays upped their price objective on Carnival Co. & from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Tuesday, March 28th.

Carnival Co. & Trading Up 3.1 %

Shares of NYSE CCL opened at $11.00 on Friday. Carnival Co. & has a twelve month low of $6.11 and a twelve month high of $14.20. The company has a current ratio of 0.64, a quick ratio of 0.60 and a debt-to-equity ratio of 5.30. The stock has a fifty day simple moving average of $9.81 and a 200-day simple moving average of $9.89. The stock has a market capitalization of $12.28 billion, a PE ratio of -2.70 and a beta of 2.22.

Carnival Co. & (NYSE:CCL – Get Rating) last released its earnings results on Monday, March 27th. The company reported ($0.55) EPS for the quarter, topping the consensus estimate of ($0.60) by $0.05. Carnival Co. & had a negative return on equity of 57.75% and a negative net margin of 32.68%. The firm had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the previous year, the firm posted ($1.65) EPS. Carnival Co. &’s revenue for the quarter was up 173.1% on a year-over-year basis. On average, equities analysts forecast that Carnival Co. & will post -0.29 earnings per share for the current year.

Institutional Investors Weigh In On Carnival Co. &

Several hedge funds have recently made changes to their positions in CCL. Lido Advisors LLC boosted its holdings in Carnival Co. & by 0.4% in the first quarter. Lido Advisors LLC now owns 189,260 shares of the company’s stock valued at $3,826,000 after acquiring an additional 803 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in Carnival Co. & by 9.1% in the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 11,210 shares of the company’s stock valued at $90,000 after acquiring an additional 938 shares during the last quarter. Ronald Blue Trust Inc. boosted its holdings in Carnival Co. & by 4.6% in the fourth quarter. Ronald Blue Trust Inc. now owns 22,159 shares of the company’s stock valued at $155,000 after acquiring an additional 969 shares during the last quarter. Mach 1 Financial Group LLC acquired a new position in Carnival Co. & in the first quarter valued at $3,052,000. Finally, Steward Partners Investment Advisory LLC boosted its holdings in Carnival Co. & by 3.0% in the first quarter. Steward Partners Investment Advisory LLC now owns 35,228 shares of the company’s stock valued at $358,000 after acquiring an additional 1,021 shares during the last quarter. Institutional investors and hedge funds own 49.87% of the company’s stock.

About Carnival Co. &

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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.