Tigress Financial reissued their buy rating on shares of Carnival (NYSE:CCL) in a research report sent to investors on Friday morning, Stock Target Advisor reports.

A number of other equities research analysts have also commented on CCL. Deutsche Bank raised their price objective on shares of Carnival from $11.00 to $13.00 and gave the stock a hold rating in a report on Tuesday, June 23rd. Goldman Sachs Group downgraded Carnival from a buy rating to a neutral rating and dropped their price target for the company from $59.00 to $32.00 in a research note on Tuesday, March 10th. Nomura reaffirmed a hold rating and set a $16.00 price objective on shares of Carnival in a research report on Sunday, June 21st. Wells Fargo & Co reiterated a sell rating on shares of Carnival in a report on Tuesday, March 31st. Finally, Cfra cut their target price on Carnival from $42.00 to $11.00 and set a sell rating on the stock in a research note on Tuesday, April 14th. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $21.50.

NYSE CCL opened at $16.78 on Friday. Carnival has a one year low of $7.80 and a one year high of $51.94. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.27 and a quick ratio of 0.23. The firm has a market cap of $8.23 billion, a P/E ratio of -4.17 and a beta of 1.92. The stock’s 50-day moving average is $16.84 and its 200-day moving average is $28.35.

Carnival (NYSE:CCL) last posted its earnings results on Thursday, June 18th. The company reported ($3.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.56) by ($1.74). Carnival had a positive return on equity of 0.06% and a negative net margin of 17.57%. The business had revenue of $700.00 million for the quarter, compared to the consensus estimate of $737.81 million. During the same period in the previous year, the company posted $0.49 earnings per share. Carnival’s revenue for the quarter was down 85.0% compared to the same quarter last year. Equities analysts anticipate that Carnival will post -6.17 EPS for the current year.

In other Carnival news, Director Randall J. Weisenburger purchased 1,250,000 shares of Carnival stock in a transaction that occurred on Monday, April 6th. The stock was acquired at an average price of $12.09 per share, for a total transaction of $15,112,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 24.00% of the company’s stock.

Several hedge funds have recently bought and sold shares of CCL. Procyon Private Wealth Partners LLC bought a new position in Carnival during the fourth quarter worth $31,000. Atlas Private Wealth Management acquired a new stake in shares of Carnival during the 4th quarter worth about $41,000. Engrave Wealth Partners LLC bought a new stake in shares of Carnival during the 4th quarter worth about $50,000. NWK Group Inc. bought a new stake in shares of Carnival during the 4th quarter worth about $51,000. Finally, PSI Advisors LLC bought a new stake in shares of Carnival during the 4th quarter worth about $50,000. 63.75% of the stock is currently owned by institutional investors and hedge funds.

Carnival Company Profile

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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