Carnival Co. & (NYSE:CCL) Sets New 12-Month Low - Time to Sell?

Carnival Co. & plc (NYSE:CCL - Get Free Report) shares reached a new 52-week low on Wednesday . The stock traded as low as $17.33 and last traded at $18.33, with a volume of 31726995 shares traded. The stock had previously closed at $18.71.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CCL. William Blair reissued an "outperform" rating on shares of Carnival Co. & in a research note on Monday, March 10th. BNP Paribas started coverage on shares of Carnival Co. & in a research report on Thursday, March 27th. They issued an "outperform" rating and a $26.00 target price on the stock. StockNews.com downgraded shares of Carnival Co. & from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Citigroup lowered their price objective on shares of Carnival Co. & from $31.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Finally, Truist Financial increased their target price on Carnival Co. & from $29.00 to $30.00 and gave the company a "hold" rating in a report on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $26.53.

Carnival Co. & Stock Up 5.1 %

The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The business has a 50-day simple moving average of $19.55 and a 200-day simple moving average of $23.04. The stock has a market cap of $22.84 billion, a P/E ratio of 14.09, a PEG ratio of 0.73 and a beta of 2.42.

Carnival Co. & (NYSE:CCL - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. Carnival Co. &'s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.14) EPS. Analysts expect that Carnival Co. & plc will post 1.77 EPS for the current year.

Institutional Trading of Carnival Co. &

Several hedge funds have recently added to or reduced their stakes in the business. Measured Risk Portfolios Inc. bought a new stake in shares of Carnival Co. & in the fourth quarter valued at approximately $29,000. Orion Capital Management LLC bought a new stake in Carnival Co. & in the 4th quarter valued at $30,000. Crewe Advisors LLC grew its position in Carnival Co. & by 275.8% in the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock worth $30,000 after purchasing an additional 888 shares during the last quarter. Graybill Wealth Management LTD. bought a new position in shares of Carnival Co. & during the 1st quarter worth about $26,000. Finally, New Wave Wealth Advisors LLC acquired a new position in shares of Carnival Co. & during the fourth quarter valued at about $34,000. 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.