Carnival Co. & (NYSE:CCL) Rating Increased to Moderate Sell at Hsbc Global Res

Carnival Co. & (NYSE:CCL) was upgraded by research analysts at Hsbc Global Res to a “moderate sell” rating in a report issued on Tuesday, Zacks.com reports.

A number of other research firms have also issued reports on CCL. Wells Fargo & Company lifted their price objective on shares of Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Carnival Co. & from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday, June 26th. Citigroup upped their price objective on shares of Carnival Co. & from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. JPMorgan Chase & Co. lifted their target price on Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Finally, Argus increased their price target on Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.33.

Carnival Co. & Price Performance

CCL opened at $16.15 on Tuesday. Carnival Co. & has a 1 year low of $10.84 and a 1 year high of $19.74. The firm has a 50 day moving average price of $16.69 and a 200 day moving average price of $15.99. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28. The company has a market cap of $18.12 billion, a PE ratio of 24.84 and a beta of 2.68.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.12. The company had revenue of $5.78 billion during the quarter, compared to the consensus estimate of $5.68 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The company’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.31) earnings per share. Sell-side analysts expect that Carnival Co. & will post 1.19 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Carnival Co. & by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 113,163,718 shares of the company’s stock worth $2,098,055,000 after acquiring an additional 559,038 shares during the period. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Carnival Co. & during the second quarter valued at approximately $466,838,000. Marshall Wace LLP raised its position in shares of Carnival Co. & by 510.5% during the 2nd quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock worth $193,398,000 after purchasing an additional 8,638,865 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Carnival Co. & by 43.6% in the 2nd quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock worth $179,435,000 after purchasing an additional 2,911,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Carnival Co. & by 8.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,846,144 shares of the company’s stock valued at $109,444,000 after purchasing an additional 473,848 shares during the period. 67.19% of the stock is currently owned by institutional investors.

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.