Investment Analysts’ Weekly Ratings Changes for Carnival Co. & (CCL)

by · The Cerbat Gem

A number of firms have modified their ratings and price targets on shares of Carnival Co. & (NYSE: CCL) recently:

  • 10/9/2024 – Carnival Co. & had its price target raised by analysts at Citigroup Inc. from $25.00 to $28.00. They now have a “buy” rating on the stock.
  • 10/7/2024 – Carnival Co. & had its price target raised by analysts at Tigress Financial from $25.00 to $28.00. They now have a “buy” rating on the stock.
  • 10/3/2024 – Carnival Co. & had its price target raised by analysts at Macquarie from $25.00 to $26.00. They now have an “outperform” rating on the stock.
  • 10/1/2024 – Carnival Co. & had its price target raised by analysts at Morgan Stanley from $15.00 to $16.50. They now have an “underweight” rating on the stock.
  • 10/1/2024 – Carnival Co. & had its price target raised by analysts at Barclays PLC from $25.00 to $26.00. They now have an “overweight” rating on the stock.
  • 10/1/2024 – Carnival Co. & had its price target raised by analysts at Mizuho from $25.00 to $26.00. They now have an “outperform” rating on the stock.
  • 9/20/2024 – Carnival Co. & had its price target raised by analysts at Stifel Nicolaus from $25.00 to $27.00. They now have a “buy” rating on the stock.
  • 9/19/2024 – Carnival Co. & had its price target raised by analysts at Mizuho from $22.00 to $25.00. They now have an “outperform” rating on the stock.
  • 9/3/2024 – Carnival Co. & was upgraded by analysts at Hsbc Global Res to a “moderate sell” rating.

Carnival Co. & Stock Performance

CCL stock traded up $0.19 during midday trading on Thursday, reaching $20.39. The company had a trading volume of 37,722,820 shares, compared to its average volume of 30,371,990. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 3.99. The stock has a 50 day moving average price of $16.71 and a 200 day moving average price of $16.33. The firm has a market capitalization of $22.89 billion, a PE ratio of 31.37 and a beta of 2.69. Carnival Co. & plc has a fifty-two week low of $10.84 and a fifty-two week high of $20.50.

Carnival Co. & (NYSE:CCL – Get Free Report) last issued its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.10. The business had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.82 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The business’s revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.86 earnings per share. Analysts anticipate that Carnival Co. & plc will post 1.21 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Family Firm Inc. bought a new position in shares of Carnival Co. & in the second quarter valued at $26,000. Hantz Financial Services Inc. purchased a new stake in shares of Carnival Co. & in the second quarter valued at $30,000. Richardson Capital Management LLC purchased a new stake in shares of Carnival Co. & in the first quarter valued at $26,000. BNP Paribas purchased a new stake in shares of Carnival Co. & in the first quarter valued at $32,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in shares of Carnival Co. & in the second quarter valued at $37,000. Institutional investors own 67.19% of the company’s stock.

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.

Featured Articles