Research reports have been issued by other analysts about the stock. In a research note published on Thursday, 18th May, we began covering shares of Carnival Co. The company was given a sell-rating. Wells Fargo & Company upgraded the shares of Carnival Co. & to equal weight and set a price target of $9.00 in a report published on Tuesday, 28th March. JPMorgan Chase & Co. upgraded Carnival Co. & shares from a neutral to an overweight rating in a report released on Monday, June 12. They also raised the price target from $11.00 up to $16.00. Macquarie raised their price target on Carnival Co. & shares from $10.00 up to $11.00 in a report published on Wednesday, April 5. The stock was given an outperform ranking. Three analysts have given the stock a sell recommendation, three a hold recommendation and ten a buy recommendation. The stock opened at $17.16 Tuesday. The company has a market capitalization of $19.15billion, a P/E ratio of -6.15, and a beta value of 2.21. Carnival Co. &'s 52-week low is $6.11, and its 52-week high is $17.75. The 50-day average price of the company is $12.14, and its 200-day average price is $10.79. The company's quick ratio is 0.60, its current ratio is 0.52 and its debt-to equity ratio is 5.44.
The company last published its quarterly earnings on Monday, 26th June. The company posted ($0.31) earnings per share for the quarter. This was $0.03 higher than analysts' expectations of ($0.34). Carnival Co. & reported a negative margin of 19.83%, and a return on equity of 41.35 %. Revenue for the quarter was $4.91 billion, which is higher than analyst expectations of $4.79. In the same quarter of last year, earnings per share were ($1.64). Revenue for the quarter increased by 104.5% compared to last year. Analysts expect Carnival Co. & to post -0.14 per share in the current fiscal year.
Institutional Trading of Carnival Co. &
Recently, a number of hedge funds and institutional investors bought and sold shares in the company. Lido Advisors LLC increased its position in Carnival Co. & shares by 0.4% during the first quarter. Lido Advisors LLC owns 189.260 shares worth $3,826,000, after purchasing an additional 803 in the last quarter. Mitchell Mcleod Pugh & Williams Inc. increased its Carnival Co. & holdings by 9.1% in the 4th Quarter. Mitchell Mcleod Pugh & Williams Inc. owns 11,210 of the company’s shares worth $90,000. This is after acquiring 938 additional shares in the last quarter. Ronald Blue Trust Inc. grew their holdings in Carnival Co. & during the fourth quarter by 4.6%. Ronald Blue Trust Inc. owns 22,159 of the company's shares worth $155,000, after purchasing an additional 969 during the last quarter. Mach 1 Financial Group LLC purchased a new stake of Carnival Co. & shares in the 1st Quarter valued at $3.052,000. Steward Partners Investment Advisory boosted its holdings in Carnival Co. & shares by 3.0% during the first quarter. Steward Partners Investment Advisory LLC owns 35228 shares worth $358,000, after buying an additional 1,021 during the last quarter. Institutional investors and hedge fund own 61.25% the company's shares.
About Carnival Co. &
Carnival Corporation & plc provides leisure travel services. The company has a fleet of over 90 ships that visit about 700 ports. These ships are operated under the AIDA Cruises brand, Carnival Cruise Line (Australia), Costa Cruises (Costa Rica), Cunard (Holland America Line), Princess Cruises (Princess Cruises), P&O Cruises UK, and P&O Cruises Australia (Australia).
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