Carnival Co. & (NYSE:CCL) Downgraded by StockNews.com to "Hold"

StockNews.com downgraded shares of Carnival Co. & (NYSE:CCL - Free Report) from a buy rating to a hold rating in a research note published on Tuesday.

Other equities analysts have also recently issued reports about the company. Citigroup reduced their target price on Carnival Co. & from $31.00 to $30.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Truist Financial increased their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a "hold" rating in a research report on Friday, January 24th. Stifel Nicolaus raised their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a research report on Monday, March 24th. Northcoast Research began coverage on shares of Carnival Co. & in a report on Friday, April 25th. They issued a "neutral" rating for the company. Finally, William Blair restated an "outperform" rating on shares of Carnival Co. & in a research report on Monday, March 10th. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $26.53.

Carnival Co. & Trading Up 2.9 %

NYSE CCL traded up $0.57 during trading on Tuesday, hitting $20.26. 30,424,548 shares of the company's stock traded hands, compared to its average volume of 26,144,162. The firm has a market cap of $23.63 billion, a P/E ratio of 14.57, a PEG ratio of 0.73 and a beta of 2.50. The stock has a fifty day moving average of $19.30 and a two-hundred day moving average of $22.99. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. Carnival Co. & has a 12-month low of $13.78 and a 12-month high of $28.72.

Carnival Co. & (NYSE:CCL - Get Free Report) last issued its earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.11. The firm had revenue of $5.81 billion for the quarter, compared to analysts' expectations of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business's revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the business earned ($0.14) earnings per share. As a group, sell-side analysts expect that Carnival Co. & will post 1.77 EPS for the current year.

Institutional Investors Weigh In On Carnival Co. &

Institutional investors have recently modified their holdings of the company. N.E.W. Advisory Services LLC acquired a new stake in Carnival Co. & in the first quarter valued at $25,000. Graybill Wealth Management LTD. acquired a new stake in shares of Carnival Co. & during the 1st quarter worth about $26,000. Measured Risk Portfolios Inc. purchased a new stake in Carnival Co. & during the fourth quarter worth approximately $29,000. Crewe Advisors LLC boosted its holdings 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 purchasing an additional 888 shares in the last quarter. Finally, Orion Capital Management LLC purchased a new position in Carnival Co. & in the fourth quarter valued at approximately $30,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

About Carnival Co. &

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.