By otakuyassine3@gmail.com 
Stock analysts at Loop Capital began coverage on shares of Carnival Co. & (NYSE:CCL – Get Free Report) in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage set a “hold” rating and a $25.00 price target on the stock. Loop Capital’s price objective points to a potential downside of 7.86% from the stock’s previous close.
CCL has been the topic of several other reports. Wells Fargo & Company lifted their target price on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Bank of America lifted their price objective on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Morgan Stanley increased their target price on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research report on Wednesday, January 8th. Mizuho raised their target price on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Finally, Stifel Nicolaus upped their price target on shares of Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $27.11.
View Our Latest Research Report on CCL
Carnival Co. & Price Performance
CCL stock traded up $0.08 during midday trading on Tuesday, hitting $27.13. The company’s stock had a trading volume of 18,268,511 shares, compared to its average volume of 21,514,457. 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. & has a 12 month low of $13.78 and a 12 month high of $28.72. The company has a 50 day moving average of $25.62 and a two-hundred day moving average of $21.32. The firm has a market capitalization of $31.59 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 0.86 and a beta of 2.64.
Carnival Co. & (NYSE:CCL – Get Free Report) last issued its earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The firm had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. Carnival Co. &’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.07) earnings per share. On average, analysts expect that Carnival Co. & will post 1.77 EPS for the current year.
Institutional Investors Weigh In On Carnival Co. &
A number of institutional investors and hedge funds have recently modified their holdings of CCL. Illinois Municipal Retirement Fund increased its stake in Carnival Co. & by 153.4% in the fourth quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company’s stock worth $8,386,000 after purchasing an additional 203,710 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of Carnival Co. & in the fourth quarter worth about $53,636,000. Bank of New York Mellon Corp increased its stake in Carnival Co. & by 0.3% in the 4th quarter. Bank of New York Mellon Corp now owns 5,841,543 shares of the company’s stock worth $145,571,000 after buying an additional 19,768 shares during the period. IFP Advisors Inc lifted its holdings in Carnival Co. & by 26.3% during the 4th quarter. IFP Advisors Inc now owns 7,599 shares of the company’s stock valued at $189,000 after buying an additional 1,580 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in Carnival Co. & in the 4th quarter valued at about $52,000. 67.19% of the stock is owned by 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.
Further Reading
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