Carnival (NYSE:CCL) was downgraded by research analysts at TheStreet from a “b-” rating to a “c+” rating in a note issued to investors on Friday, TheStreetRatingsTable reports.

Several other equities research analysts have also commented on CCL. Wells Fargo & Co decreased their price target on Carnival from $67.00 to $59.00 and set an “outperform” rating on the stock in a research note on Monday, June 24th. Macquarie set a $53.00 price target on Carnival and gave the stock a “buy” rating in a research note on Friday, September 27th. Wedbush decreased their price target on Carnival from $50.00 to $43.00 and set a “neutral” rating on the stock in a research note on Friday, September 27th. Nomura decreased their price target on Carnival from $52.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, September 27th. Finally, Berenberg Bank lowered Carnival from a “hold” rating to a “sell” rating and set a $38.00 price target on the stock. in a research note on Friday, September 27th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. Carnival has an average rating of “Hold” and a consensus price target of $52.40.

Shares of NYSE:CCL opened at $42.04 on Friday. The business’s 50 day simple moving average is $44.83 and its 200-day simple moving average is $48.62. The firm has a market capitalization of $21.90 billion, a price-to-earnings ratio of 9.87, a price-to-earnings-growth ratio of 0.97 and a beta of 1.11. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.30 and a quick ratio of 0.25. Carnival has a 12 month low of $39.92 and a 12 month high of $62.52.

Carnival (NYSE:CCL) last announced its quarterly earnings results on Thursday, September 26th. The company reported $2.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.53 by $0.10. The business had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.18 billion. Carnival had a return on equity of 12.67% and a net margin of 14.93%. On average, equities analysts anticipate that Carnival will post 4.27 earnings per share for the current year.

In related news, Director Sir Jonathon Band sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $40.83, for a total value of $204,150.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 24.10% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of CCL. Doyle Wealth Management purchased a new position in shares of Carnival during the 2nd quarter worth $26,000. Manchester Financial Inc. purchased a new position in shares of Carnival during the 2nd quarter worth $26,000. Stonebridge Capital Advisors LLC purchased a new position in shares of Carnival during the 2nd quarter worth $29,000. Lenox Wealth Advisors LLC purchased a new position in shares of Carnival during the 3rd quarter worth $28,000. Finally, Phocas Financial Corp. purchased a new position in shares of Carnival during the 2nd quarter worth $41,000. 75.30% of the stock is currently owned by hedge funds and other institutional investors.

About Carnival

Carnival Corporation operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.

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Analyst Recommendations for Carnival (NYSE:CCL)

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