Loop Capital Cuts Carnival Co. & (NYSE:CCL) Price Target to $21.00

Carnival Co. & (NYSE:CCL) had its price objective lowered by Loop Capital from $25.00 to $21.00 in a research note released on Monday,Benzinga reports. The brokerage currently has a hold rating on the stock.

CCL has been the subject of several other reports. Morgan Stanley raised their target price on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research report on Wednesday, January 8th. Barclays raised their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. Mizuho boosted their target price on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. 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. Finally, The Goldman Sachs Group upped their price objective on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Carnival Co. & presently has an average rating of “Moderate Buy” and an average price target of $26.94.

Carnival Co. & Stock Performance

NYSE CCL opened at $20.92 on Monday. The company has a fifty day moving average price of $23.99 and a 200-day moving average price of $23.10. The firm has a market cap of $24.35 billion, a price-to-earnings ratio of 15.05, a PEG ratio of 0.73 and a beta of 2.66. 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 1 year low of $13.78 and a 1 year high of $28.72.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same period in the prior year, the firm posted ($0.14) EPS. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, equities research analysts predict that Carnival Co. & will post 1.77 EPS for the current fiscal year.

Hedge Funds Weigh In On Carnival Co. &

Large investors have recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its holdings in Carnival Co. & by 1.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company’s stock valued at $4,384,000 after purchasing 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 buying an additional 203,710 shares in the last quarter. Private Advisor Group LLC boosted its stake in Carnival Co. & by 26.6% during the fourth quarter. Private Advisor Group LLC now owns 86,837 shares of the company’s stock valued at $2,164,000 after buying an additional 18,269 shares during the period. Convergence Investment Partners LLC grew 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 buying an additional 14,165 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in Carnival Co. & by 181.7% in the 3rd quarter. Cerity Partners LLC now owns 123,815 shares of the company’s stock worth $2,288,000 after acquiring an additional 79,857 shares during the last quarter. 67.19% of the stock is currently owned by 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.