Carnival Co. & (NYSE:CCL) PT Lowered to $22.00 at Susquehanna

Carnival Co. & (NYSE:CCL) had its target price trimmed by Susquehanna from $23.00 to $22.00 in a report published on Monday, Benzinga reports. The firm currently has a positive rating on the stock.

Several other research firms have also recently issued reports on CCL. Deutsche Bank Aktiengesellschaft raised their price target on shares of Carnival Co. & from $14.00 to $18.00 and gave the stock a hold rating in a research note on Friday, December 22nd. Wells Fargo & Company raised shares of Carnival Co. & from an equal weight rating to an overweight rating and set a $22.00 price objective for the company in a report on Friday, January 5th. The Goldman Sachs Group started coverage on shares of Carnival Co. & in a research note on Wednesday, March 13th. They set a buy rating and a $20.00 price objective on the stock. Citigroup lifted their target price on Carnival Co. & from $19.00 to $23.00 and gave the company a buy rating in a research note on Wednesday, December 20th. Finally, William Blair restated an outperform rating on shares of Carnival Co. & in a report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, Carnival Co. & currently has a consensus rating of Moderate Buy and an average price target of $21.42.

Carnival Co. & Stock Down 4.9 %

CCL stock opened at $16.34 on Monday. The company has a market cap of $18.29 billion, a price-to-earnings ratio of -136.16 and a beta of 2.54. The company has a debt-to-equity ratio of 4.14, a current ratio of 0.46 and a quick ratio of 0.41. Carnival Co. & has a 12 month low of $8.70 and a 12 month high of $19.74. The company has a fifty day moving average price of $16.04 and a 200 day moving average price of $15.34.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.04. The company had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.42 billion. Carnival Co. & had a negative net margin of 0.34% and a positive return on equity of 0.02%. Carnival Co. &’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.55) EPS. Sell-side analysts expect that Carnival Co. & will post 0.99 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO David Bernstein sold 34,020 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $17.05, for a total value of $580,041.00. Following the sale, the chief financial officer now directly owns 335,976 shares of the company’s stock, valued at approximately $5,728,390.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Carnival Co. &

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wealthfront Advisers LLC grew its position in shares of Carnival Co. & by 447.6% during the third quarter. Wealthfront Advisers LLC now owns 215,672 shares of the company’s stock valued at $2,959,000 after purchasing an additional 176,286 shares in the last quarter. Bellwether Advisors LLC purchased a new stake in shares of Carnival Co. & in the fourth quarter valued at approximately $1,368,000. Patton Fund Management Inc. raised its stake in Carnival Co. & by 981.9% in the third quarter. Patton Fund Management Inc. now owns 109,133 shares of the company’s stock worth $1,497,000 after buying an additional 99,046 shares in the last quarter. Nordea Investment Management AB raised its stake in Carnival Co. & by 126.1% in the fourth quarter. Nordea Investment Management AB now owns 740,750 shares of the company’s stock worth $13,782,000 after buying an additional 413,082 shares in the last quarter. Finally, Blackstone Inc. increased its position in shares of Carnival Co. & by 50.8% during the third quarter. Blackstone Inc. now owns 3,000,000 shares of the company’s stock worth $41,160,000 after purchasing an additional 1,010,000 shares in the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Co. & Company Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.