Carnival Co. & plc (NYSE:CCL) Receives $26.53 Average Price Target from Analysts

Shares of Carnival Co. & plc (NYSE:CCL - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twenty-two ratings firms that are covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $26.68.

Several equities research analysts have recently weighed in on the company. Macquarie reduced their price objective on Carnival Co. & from $31.00 to $26.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Barclays dropped their price objective 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. Citigroup lowered their price target 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. Mizuho boosted their target price on Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a report on Monday, March 24th. Finally, Hsbc Global Res raised Carnival Co. & from a "moderate sell" rating to a "hold" rating in a report on Friday.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Measured Risk Portfolios Inc. acquired a new stake in Carnival Co. & during the 4th quarter valued at approximately $29,000. Orion Capital Management LLC acquired a new position in shares of Carnival Co. & during the 4th quarter valued at about $30,000. Crewe Advisors LLC lifted its position 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 buying an additional 888 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in Carnival Co. & in the first quarter valued at about $25,000. Finally, Graybill Wealth Management LTD. acquired a new stake in shares of Carnival Co. & during the first quarter worth about $26,000. Hedge funds and other institutional investors own 67.19% of the company's stock.

Carnival Co. & Price Performance

Carnival Co. & stock traded up $0.42 during mid-day trading on Tuesday, hitting $23.42. 18,633,256 shares of the company were exchanged, compared to its average volume of 26,185,001. The company has a market capitalization of $27.32 billion, a P/E ratio of 16.85, a PEG ratio of 0.73 and a beta of 2.50. 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. The business's 50 day simple moving average is $19.45 and its two-hundred day simple moving average is $23.04.

Carnival Co. & (NYSE:CCL - Get Free Report) last released its quarterly earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $5.74 billion. During the same quarter in the previous year, the firm posted ($0.14) earnings per share. The company's revenue was up 7.5% compared to the same quarter last year. Analysts forecast that Carnival Co. & will post 1.77 earnings per share for the current fiscal year.

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.