Carnival Co. & (NYSE:CCL) Research Coverage Started at Mizuho

Mizuho began coverage on shares of Carnival Co. & (NYSE:CCL) in a research report sent to investors on Tuesday, MarketBeat.com reports. The brokerage issued a buy rating and a $21.00 price objective on the stock.

CCL has been the subject of a number of other research reports. Barclays lifted their target price on shares of Carnival Co. & from $22.00 to $24.00 and gave the stock an overweight rating in a research report on Friday, December 22nd. Susquehanna dropped their price target on shares of Carnival Co. & from $23.00 to $22.00 and set a positive rating on the stock in a research note on Monday. The Goldman Sachs Group began coverage on shares of Carnival Co. & in a research note on Wednesday, March 13th. They set a buy rating and a $20.00 target price on the stock. Wells Fargo & Company upgraded shares of Carnival Co. & from an equal weight rating to an overweight rating and set a $22.00 target price on the stock in a report on Friday, January 5th. Finally, William Blair reiterated an outperform rating on shares of Carnival Co. & in a report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $21.42.

Carnival Co. & Stock Down 4.9 %

Shares of NYSE:CCL opened at $16.34 on Tuesday. The company has a current ratio of 0.46, a quick ratio of 0.41 and a debt-to-equity ratio of 4.14. The stock’s 50-day moving average price is $16.04 and its 200-day moving average price is $15.34. The stock has a market capitalization of $18.29 billion, a P/E ratio of -136.16 and a beta of 2.54. Carnival Co. & has a 12-month low of $8.70 and a 12-month high of $19.74.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.04. Carnival Co. & had a negative net margin of 0.34% and a positive return on equity of 0.02%. The business had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same period last year, the business posted ($0.55) earnings per share. Carnival Co. &’s quarterly revenue was up 22.0% compared to the same quarter last year. On average, equities analysts anticipate that Carnival Co. & will post 0.99 earnings per share for the current year.

Insider Buying and Selling

In other Carnival Co. & news, CFO David Bernstein sold 34,020 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $17.05, for a total transaction of $580,041.00. Following the completion of the transaction, the chief financial officer now owns 335,976 shares in the company, valued at approximately $5,728,390.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 11.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Friedenthal Financial acquired a new stake in Carnival Co. & during the 4th quarter worth $28,000. ICA Group Wealth Management LLC purchased a new position in shares of Carnival Co. & in the 4th quarter valued at about $31,000. Farther Finance Advisors LLC increased its holdings in Carnival Co. & by 59.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,792 shares of the company’s stock valued at $34,000 after acquiring an additional 669 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in Carnival Co. & by 67.2% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock valued at $34,000 after acquiring an additional 739 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its stake in shares of Carnival Co. & by 66.7% during the 4th quarter. 1832 Asset Management L.P. now owns 2,000 shares of the company’s stock worth $37,000 after purchasing an additional 800 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

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.