Carnival (NYSE:CCL) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other analysts have also issued reports on the company. Buckingham Research dropped their price objective on Carnival from $84.00 to $83.00 and set a “buy” rating on the stock in a research note on Friday, May 25th. Credit Suisse Group set a $75.00 price objective on Carnival and gave the company a “buy” rating in a research note on Thursday. Zacks Investment Research lowered Carnival from a “hold” rating to a “sell” rating in a research note on Monday, August 27th. Tigress Financial restated a “buy” rating on shares of Carnival in a research note on Friday, June 8th. Finally, Goldman Sachs Group set a $71.00 price objective on Carnival and gave the company a “hold” rating in a research note on Tuesday, July 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. Carnival presently has a consensus rating of “Buy” and an average target price of $74.00.

NYSE CCL traded up $1.25 during trading hours on Friday, hitting $63.95. 4,393,500 shares of the company traded hands, compared to its average volume of 3,660,797. Carnival has a twelve month low of $56.45 and a twelve month high of $72.70. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.20 and a current ratio of 0.24. The stock has a market capitalization of $33.18 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 0.98 and a beta of 0.87.

Carnival (NYSE:CCL) last issued its quarterly earnings results on Monday, June 25th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.59 by $0.09. Carnival had a return on equity of 12.31% and a net margin of 15.40%. The firm had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.32 billion. During the same period in the prior year, the firm posted $0.52 earnings per share. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. research analysts forecast that Carnival will post 4.24 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Regentatlantic Capital LLC increased its stake in shares of Carnival by 1.8% during the second quarter. Regentatlantic Capital LLC now owns 49,377 shares of the company’s stock worth $2,830,000 after purchasing an additional 857 shares during the period. Lido Advisors LLC increased its stake in shares of Carnival by 11.3% during the second quarter. Lido Advisors LLC now owns 8,555 shares of the company’s stock worth $490,000 after purchasing an additional 872 shares during the period. Signaturefd LLC increased its stake in shares of Carnival by 34.1% during the second quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock worth $211,000 after purchasing an additional 937 shares during the period. Private Advisor Group LLC increased its stake in shares of Carnival by 11.7% during the first quarter. Private Advisor Group LLC now owns 8,999 shares of the company’s stock worth $592,000 after purchasing an additional 939 shares during the period. Finally, IFP Advisors Inc increased its stake in shares of Carnival by 7.6% during the second quarter. IFP Advisors Inc now owns 13,520 shares of the company’s stock worth $775,000 after purchasing an additional 953 shares during the period. Institutional investors own 75.71% of the company’s stock.

About Carnival

Carnival Corporation operates as a leisure travel and cruise company. It offers cruises under the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn brands in North America; and AIDA, Costa, P&O Cruises (Australia), Cunard, and P&O Cruises (UK) brands in Europe, Australia, and Asia.

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Analyst Recommendations for Carnival (NYSE:CCL)

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