Carnival Co. & (NYSE:CCL) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Carnival Co. & (NYSE:CCL - Free Report) from a buy rating to a hold rating in a research report released on Saturday morning.

Other equities analysts have also recently issued reports about the stock. Citigroup dropped their price target on shares of Carnival Co. & from $31.00 to $30.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Barclays cut their target price on Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Loop Capital dropped their price objective on Carnival Co. & from $25.00 to $21.00 and set a "hold" rating for the company in a report on Monday, March 24th. Mizuho lifted their target price on Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a research report on Monday, March 24th. Finally, Truist Financial raised their price target on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a "hold" rating in a research note on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.53.

Carnival Co. & Price Performance

CCL stock traded down $0.56 during mid-day trading on Friday, hitting $18.15. The company had a trading volume of 20,597,702 shares, compared to its average volume of 26,177,372. The company has a market capitalization of $21.17 billion, a price-to-earnings ratio of 13.06, a P/E/G ratio of 0.73 and a beta of 2.42. The company has a 50-day moving average price of $19.83 and a 200 day moving average price of $23.08. 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.

Carnival Co. & (NYSE:CCL - Get Free Report) last announced its earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating 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% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.14) EPS. On average, research analysts anticipate that Carnival Co. & will post 1.77 earnings per share for the current year.

Institutional Investors Weigh In On Carnival Co. &

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC grew its holdings in Carnival Co. & by 1.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company's stock worth $4,384,000 after acquiring an additional 1,678 shares during the period. Illinois Municipal Retirement Fund raised its position in shares of 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 acquiring an additional 203,710 shares during the period. Private Advisor Group LLC raised its holdings in Carnival Co. & by 26.6% in the 4th quarter. Private Advisor Group LLC now owns 86,837 shares of the company's stock worth $2,164,000 after purchasing an additional 18,269 shares during the period. Convergence Investment Partners LLC boosted its position in Carnival Co. & by 54.4% during the fourth quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company's stock worth $1,002,000 after purchasing an additional 14,165 shares in the last quarter. Finally, Norges Bank acquired a new stake in Carnival Co. & in the fourth quarter valued at approximately $59,486,000. 67.19% of the stock is owned by institutional investors and hedge funds.

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.