StockNews.com upgraded shares of Carnival Co. & (NYSE:CCL – Get Rating) to a sell rating in a research note published on Thursday.
Several other research firms have also recently weighed in on CCL. Barclays began coverage on Carnival Co. & in a research report on Tuesday, June 28th. They set an overweight rating and a $14.00 price objective for the company. Susquehanna Bancshares began coverage on shares of Carnival Co. & in a research note on Thursday, June 9th. They issued a neutral rating and a $15.00 price objective on the stock. HSBC dropped their target price on shares of Carnival Co. & from $18.20 to $7.70 and set a reduce rating on the stock in a research report on Tuesday, June 14th. Wells Fargo & Company reduced their price target on shares of Carnival Co. & from $21.00 to $13.00 and set an underweight rating for the company in a report on Monday, June 27th. Finally, Susquehanna started coverage on shares of Carnival Co. & in a report on Thursday, June 9th. They set a neutral rating and a $15.00 price objective on the stock. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $15.98.
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Carnival Co. & Price Performance
NYSE CCL opened at $10.72 on Thursday. Carnival Co. & has a fifty-two week low of $8.10 and a fifty-two week high of $27.39. The stock's 50-day moving average is $9.81 and its two-hundred day moving average is $15.23. The firm has a market cap of $10.66 billion, a P/E ratio of -1.33 and a beta of 2.08. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.64 and a quick ratio of 0.61.
Carnival Co. & (NYSE:CCL – Get Rating) last posted its earnings results on Friday, June 24th. The company reported ($1.64) earnings per share for the quarter, missing the consensus estimate of ($1.14) by ($0.50). Carnival Co. & had a negative return on equity of 67.51% and a negative net
margin of 156.75%. The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter last year, the firm posted ($1.80) earnings per share. On average, analysts anticipate that Carnival Co. & will post -3.75 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, Director Randall J. Weisenburger bought 100,000 shares of the stock in a transaction dated Wednesday, May 25th. The stock was bought at an average cost of $11.76 per share, with a total value of $1,176,000.00. Following the purchase, the director now owns 870,950 shares of the company's stock, valued at $10,242,372. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 12.50% of the company's stock.
Institutional Investors Weigh In On Carnival Co. &
Several hedge funds have recently bought and sold shares of CCL. Vanguard Group Inc. increased its position in Carnival Co. & by 3.6% during the first quarter. Vanguard Group Inc. now owns 90,114,182 shares of the company's stock worth $1,822,109,000 after buying an additional 3,122,603 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Carnival Co. & by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 14,682,847 shares of the company's stock worth $294,677,000 after buying an additional 399,545 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in shares of Carnival Co. & by 40.6% in the 1st quarter. Neuberger Berman Group LLC now owns 7,178,301 shares of the company's stock valued at $145,060,000 after acquiring an additional 2,073,685 shares during the last quarter. Candlestick Capital Management LP increased its stake in shares of Carnival Co. & by 26.3% in the fourth quarter. Candlestick Capital Management LP now owns 5,557,058 shares of the company's stock valued at $111,808,000 after buying an additional 1,157,058 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Carnival Co. & by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 4,734,230 shares of the company's stock valued at $95,697,000 after purchasing an additional 93,169 shares during the period. 65.38% of the stock is currently owned by institutional investors and hedge funds.
About Carnival Co. &
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Carnival Corporation & plc operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard brand names. The company also provides port destinations and other services, as well as owns and owns and operates hotels, lodges, glass-domed railcars, and motor coaches.
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