Carnival Co. & (NYSE:CCL) Stock Price Expected to Rise, Loop Capital Analyst Says

Carnival Co. & (NYSE:CCL - Free Report) had its price objective lifted by Loop Capital from $21.00 to $22.00 in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

Several other brokerages also recently weighed in on CCL. BNP Paribas began coverage on shares of Carnival Co. & in a research report on Thursday, March 27th. They issued an "outperform" rating and a $26.00 price objective on the stock. Barclays lowered their price objective on shares of Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Morgan Stanley raised Carnival Co. & from an "underweight" rating to an "equal weight" rating and cut their price objective for the company from $25.00 to $21.00 in a research note on Thursday, April 10th. Hsbc Global Res raised Carnival Co. & from a "moderate sell" rating to a "hold" rating in a research report on Friday, May 16th. Finally, Wall Street Zen raised shares of Carnival Co. & from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, Carnival Co. & currently has an average rating of "Moderate Buy" and an average target price of $26.58.

Carnival Co. & Stock Performance

CCL stock traded down $0.10 during midday trading on Tuesday, reaching $23.83. The company had a trading volume of 21,126,982 shares, compared to its average volume of 25,491,663. The firm has a market capitalization of $27.80 billion, a PE ratio of 17.14, a P/E/G ratio of 0.73 and a beta of 2.58. The stock has a 50 day moving average price of $20.02 and a 200 day moving average price of $22.98. Carnival Co. & has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. 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. & (NYSE:CCL - Get Free Report) last released its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business had revenue of $5.81 billion during the quarter, compared to analyst estimates of $5.74 billion. During the same quarter in the previous year, the firm posted ($0.14) EPS. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. Analysts anticipate that Carnival Co. & will post 1.77 earnings per share for the current year.

Institutional Trading of Carnival Co. &

A number of large investors have recently made changes to their positions in the company. Hartford Investment Management Co. increased its holdings in shares of Carnival Co. & by 0.6% in the fourth quarter. Hartford Investment Management Co. now owns 64,231 shares of the company's stock worth $1,601,000 after acquiring an additional 387 shares in the last quarter. Prestige Wealth Management Group LLC grew its position in shares of Carnival Co. & by 23.1% in the 4th quarter. Prestige Wealth Management Group LLC now owns 2,173 shares of the company's stock valued at $54,000 after purchasing an additional 408 shares during the period. Avidian Wealth Enterprises LLC increased its stake in Carnival Co. & by 4.6% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company's stock worth $267,000 after purchasing an additional 468 shares in the last quarter. Sound View Wealth Advisors Group LLC increased its stake in Carnival Co. & by 3.3% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company's stock worth $372,000 after purchasing an additional 475 shares in the last quarter. Finally, SouthState Corp raised its holdings in Carnival Co. & by 9.8% during the 1st quarter. SouthState Corp now owns 5,976 shares of the company's stock worth $117,000 after buying an additional 531 shares during the period. Institutional investors own 67.19% of the company's stock.

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.