Carnival Co. & (NYSE:CCL) Shares Gap Up to $15.69

Carnival Co. & plc (NYSE:CCLGet Free Report)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $15.69, but opened at $16.10. Carnival Co. & shares last traded at $16.00, with a volume of 4,075,156 shares traded.

Analysts Set New Price Targets

CCL has been the topic of a number of analyst reports. William Blair reiterated an “outperform” rating on shares of Carnival Co. & in a research report on Monday, April 22nd. Argus reduced their price objective on Carnival Co. & from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, April 1st. Mizuho initiated coverage on Carnival Co. & in a research report on Tuesday, March 26th. They set a “buy” rating and a $21.00 price objective on the stock. Tigress Financial lifted their price objective on Carnival Co. & from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Finally, Wells Fargo & Company lifted their price objective on Carnival Co. & from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, Carnival Co. & currently has an average rating of “Moderate Buy” and an average price target of $21.61.

View Our Latest Stock Report on CCL

Carnival Co. & Price Performance

The company has a debt-to-equity ratio of 4.27, a current ratio of 0.36 and a quick ratio of 0.32. The stock has a 50 day moving average price of $15.17 and a two-hundred day moving average price of $16.13. The firm has a market capitalization of $17.83 billion, a price-to-earnings ratio of 60.35 and a beta of 2.57.

Carnival Co. & (NYSE:CCLGet Free Report) last issued its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The business had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.42 billion. During the same period in the previous year, the firm posted ($0.55) earnings per share. The company’s revenue was up 22.0% on a year-over-year basis. As a group, analysts expect that Carnival Co. & plc will post 1.01 EPS for the current year.

Institutional Investors Weigh In On Carnival Co. &

A number of institutional investors have recently modified their holdings of the company. Pathstone Family Office LLC increased its holdings in Carnival Co. & by 72.3% during the 3rd quarter. Pathstone Family Office LLC now owns 24,748 shares of the company’s stock worth $340,000 after purchasing an additional 10,385 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in Carnival Co. & by 5.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 149,184 shares of the company’s stock worth $2,207,000 after purchasing an additional 7,854 shares during the period. Nordea Investment Management AB increased its holdings in Carnival Co. & by 601.1% during the 3rd quarter. Nordea Investment Management AB now owns 327,668 shares of the company’s stock worth $4,482,000 after purchasing an additional 280,929 shares during the period. FMR LLC increased its holdings in Carnival Co. & by 35.1% during the 3rd quarter. FMR LLC now owns 384,505 shares of the company’s stock worth $5,275,000 after purchasing an additional 99,886 shares during the period. Finally, Pearl River Capital LLC increased its holdings in Carnival Co. & by 43.1% during the 3rd quarter. Pearl River Capital LLC now owns 140,808 shares of the company’s stock worth $1,932,000 after purchasing an additional 42,434 shares during the period. 67.19% of the stock is owned by institutional investors and hedge funds.

About Carnival Co. &

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Carnival Co. & Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival Co. & and related companies with MarketBeat.com's FREE daily email newsletter.