Carnival Co. & (NYSE:CCL) Stock Price Down 2.2% Following Analyst Downgrade

Carnival Co. & plc (NYSE:CCL)’s share price was down 2.2% during trading on Thursday after Stifel Nicolaus lowered their price target on the stock from $26.00 to $25.00. Stifel Nicolaus currently has a buy rating on the stock. Carnival Co. & traded as low as $16.73 and last traded at $16.81. Approximately 6,753,433 shares traded hands during trading, a decline of 79% from the average daily volume of 31,947,682 shares. The stock had previously closed at $17.19.

A number of other equities research analysts have also recently commented on CCL. JPMorgan Chase & Co. lifted their price objective on Carnival Co. & from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Thursday. William Blair restated an “outperform” rating on shares of Carnival Co. & in a report on Tuesday, March 19th. Truist Financial upped their price objective on Carnival Co. & from $15.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, January 18th. Citigroup upped their price objective 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, Barclays upped their target price on Carnival Co. & from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.42.

Insider Buying and Selling at Carnival Co. &

In other Carnival Co. & news, CFO David Bernstein sold 153,995 shares of Carnival Co. & stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the completion of the transaction, the chief financial officer now owns 181,981 shares in the company, valued at approximately $2,797,047.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 11.00% of the company’s stock.

Hedge Funds Weigh In On Carnival Co. &

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Carnival Co. & by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 113,163,718 shares of the company’s stock worth $2,098,055,000 after purchasing an additional 559,038 shares during the period. Geode Capital Management LLC raised its holdings in shares of Carnival Co. & by 2.3% in the 1st quarter. Geode Capital Management LLC now owns 20,504,071 shares of the company’s stock worth $207,642,000 after purchasing an additional 469,764 shares during the period. Two Sigma Advisers LP raised its holdings in shares of Carnival Co. & by 27.6% in the 1st quarter. Two Sigma Advisers LP now owns 11,197,800 shares of the company’s stock worth $113,658,000 after purchasing an additional 2,423,700 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Carnival Co. & by 8.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,279,978 shares of the company’s stock worth $74,797,000 after purchasing an additional 736,456 shares during the period. Finally, Nuveen Asset Management LLC raised its holdings in shares of Carnival Co. & by 177.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 8,132,897 shares of the company’s stock worth $153,142,000 after purchasing an additional 5,201,843 shares during the period. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Price Performance

The company has a market cap of $18.29 billion, a P/E ratio of -137.82 and a beta of 2.54. The business’s fifty day moving average is $16.03 and its 200 day moving average is $15.33. The company has a current ratio of 0.46, a quick ratio of 0.41 and a debt-to-equity ratio of 4.14.

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

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.