Carnival Co. & (NYSE:CCL) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Carnival Co. & (NYSE:CCL) from a hold rating to a buy rating in a research note released on Wednesday.

CCL has been the subject of a number of other research reports. Morgan Stanley upgraded shares of Carnival Co. & from an “underweight” rating to an “equal weight” rating and decreased their price objective for the company from $25.00 to $21.00 in a report on Thursday, April 10th. Citigroup decreased their price objective on shares of Carnival Co. & from $31.00 to $30.00 and set a “buy” rating for the company in a report on Monday, March 24th. BNP Paribas began coverage on shares of Carnival Co. & in a report on Thursday, March 27th. They set an “outperform” rating and a $26.00 price objective for the company. Barclays reduced their price target on shares of Carnival Co. & from $32.00 to $26.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Finally, Northcoast Research began coverage on shares of Carnival Co. & in a report on Friday, April 25th. They issued a “neutral” rating for the company. Seven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Carnival Co. & currently has a consensus rating of “Moderate Buy” and an average price target of $26.68.

Carnival Co. & Stock Up 1.8%

Shares of NYSE CCL opened at $23.42 on Wednesday. The stock has a market cap of $27.32 billion, a P/E ratio of 16.85, a P/E/G ratio of 0.73 and a beta of 2.50. The firm has a 50 day moving average price of $19.45 and a 200 day moving average price of $23.02. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. Carnival Co. & has a 52-week low of $13.78 and a 52-week high of $28.72.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. The firm had revenue of $5.81 billion during the quarter, compared to analysts’ expectations of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.14) earnings per share. Analysts expect that Carnival Co. & will post 1.77 EPS for the current year.

Institutional Trading of Carnival Co. &

Institutional investors have recently made changes to their positions in the business. Measured Risk Portfolios Inc. bought a new stake in shares of Carnival Co. & in the fourth quarter worth $29,000. Orion Capital Management LLC bought a new stake in shares of Carnival Co. & in the fourth quarter worth $30,000. Crewe Advisors LLC lifted its position in shares of Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after purchasing an additional 888 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of Carnival Co. & in the first quarter worth $25,000. Finally, Graybill Wealth Management LTD. bought a new stake in shares of Carnival Co. & in the first quarter worth $26,000. Institutional investors own 67.19% of the company’s stock.

About Carnival Co. &

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.