Carnival Co. & (NYSE:CCL) Stock Price Down 0.4% – Should You Sell?

Carnival Co. & plc (NYSE:CCL) traded down 0.4% during trading on Friday . The company traded as low as $20.74 and last traded at $20.82. 3,136,763 shares changed hands during trading, a decline of 90% from the average session volume of 29,903,207 shares. The stock had previously closed at $20.91.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Citigroup increased their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Truist Financial increased their price objective on shares of Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. Bank of America increased their price objective on shares of Carnival Co. & from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. JPMorgan Chase & Co. raised their price target on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Finally, Stifel Nicolaus raised their price target on shares of Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Carnival Co. & currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.53.

Carnival Co. & Stock Performance

The stock has a market cap of $23.50 billion, a price-to-earnings ratio of 32.05 and a beta of 2.69. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. The company’s 50 day simple moving average is $17.97 and its 200 day simple moving average is $16.67.

Carnival Co. & (NYSE:CCL) last released its earnings results on Monday, September 30th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.17 by $0.10. The firm had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.82 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. Carnival Co. &’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the company earned $0.86 EPS. On average, equities research analysts anticipate that Carnival Co. & plc will post 1.33 earnings per share for the current year.

Hedge Funds Weigh In On Carnival Co. &

Large investors have recently bought and sold shares of the stock. Richardson Capital Management LLC acquired a new position in Carnival Co. & during the 1st quarter valued at about $26,000. Family Firm Inc. bought a new position in shares of Carnival Co. & during the 2nd quarter valued at about $26,000. Hantz Financial Services Inc. bought a new position in shares of Carnival Co. & during the 2nd quarter valued at about $30,000. BNP Paribas bought a new position in shares of Carnival Co. & during the 1st quarter valued at about $32,000. Finally, CVA Family Office LLC boosted its position in shares of Carnival Co. & by 163.9% during the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after purchasing an additional 1,205 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Company Profile

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.