Carnival Co. & (NYSE:CCL) Earns Buy Rating from Analysts at Mizuho

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

Several other research analysts have also recently weighed in on the stock. Barclays upped their price target on shares of Carnival Co. & from $22.00 to $24.00 and gave the company an overweight rating in a report on Friday, December 22nd. Stifel Nicolaus raised their target price on shares of Carnival Co. & from $22.00 to $25.00 and gave the stock a buy 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 target price for the company in a research report on Friday, January 5th. The Goldman Sachs Group initiated coverage on Carnival Co. & in a research report on Wednesday, March 13th. They set a buy rating and a $20.00 price target on the stock. Finally, Citigroup increased their price target on shares of Carnival Co. & from $19.00 to $23.00 and gave the stock a buy rating in a research report on Wednesday, December 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, Carnival Co. & has an average 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 50 day moving average price of $16.04 and a two-hundred day moving average price of $15.34. The company has a market capitalization of $18.29 billion, a PE ratio of -136.16 and a beta of 2.54. Carnival Co. & has a 52 week low of $8.70 and a 52 week high of $19.74. The company has a debt-to-equity ratio of 4.14, a quick ratio of 0.41 and a current ratio of 0.46.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $5.42 billion. During the same quarter in the prior year, the company earned ($0.55) EPS. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. Analysts forecast that Carnival Co. & will post 0.99 earnings per share for the current year.

Insider Activity at Carnival Co. &

In other news, CFO David Bernstein sold 34,020 shares of the stock in a transaction dated 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 sale, the chief financial officer now directly owns 335,976 shares in the company, valued at $5,728,390.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 11.00% of the stock is owned by insiders.

Institutional Trading of Carnival Co. &

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Friedenthal Financial purchased a new position in shares of Carnival Co. & in the fourth quarter worth $28,000. ICA Group Wealth Management LLC bought a new position in Carnival Co. & in the fourth quarter worth approximately $31,000. Farther Finance Advisors LLC grew its stake in shares of 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 during the period. Massmutual Trust Co. FSB ADV increased its stake in Carnival Co. & by 67.2% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock worth $34,000 after buying an additional 739 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its position in shares of Carnival Co. & by 66.7% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

About Carnival Co. &

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.