Berenberg Bank Upgrades Carnival (NYSE:CUK) to Hold

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Berenberg Bank upgraded shares of Carnival (NYSE:CUK) from a sell rating to a hold rating in a report released on Wednesday morning, Briefing.com Automated Import reports.

A number of other research firms have also recently commented on CUK. ValuEngine raised shares of Carnival from a sell rating to a hold rating in a research note on Thursday, July 2nd. UBS Group reaffirmed a neutral rating on shares of Carnival in a research note on Tuesday, April 21st. TheStreet cut shares of Carnival from a c- rating to a d rating in a research note on Monday, July 20th. Barclays reaffirmed an equal weight rating on shares of Carnival in a research note on Monday, June 22nd. Finally, Morgan Stanley assumed coverage on shares of Carnival in a report on Wednesday, June 3rd. They set an underweight rating for the company. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The stock has a consensus rating of Hold.

Shares of NYSE:CUK opened at $11.24 on Wednesday. Carnival has a 52 week low of $7.08 and a 52 week high of $49.03. The stock has a market capitalization of $2.08 billion, a P/E ratio of -2.80 and a beta of 1.90. The firm has a fifty day simple moving average of $13.33 and a two-hundred day simple moving average of $20.77. The company has a quick ratio of 0.66, a current ratio of 0.69 and a debt-to-equity ratio of 0.71.

Carnival (NYSE:CUK) last released its quarterly earnings results on Thursday, June 18th. The company reported ($3.30) EPS for the quarter, missing analysts’ consensus estimates of ($1.52) by ($1.78). Carnival had a positive return on equity of 0.06% and a negative net margin of 17.53%. The firm had revenue of $700.00 million for the quarter.

Institutional investors and hedge funds have recently made changes to their positions in the stock. CWM LLC lifted its holdings in Carnival by 4,800.0% during the 1st quarter. CWM LLC now owns 2,156 shares of the company’s stock valued at $26,000 after buying an additional 2,112 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in Carnival by 210.8% during the 2nd quarter. Lindbrook Capital LLC now owns 2,387 shares of the company’s stock valued at $30,000 after buying an additional 1,619 shares in the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in Carnival during the 1st quarter valued at about $42,000. Parallel Advisors LLC lifted its holdings in Carnival by 806.2% during the 1st quarter. Parallel Advisors LLC now owns 3,634 shares of the company’s stock valued at $43,000 after buying an additional 3,233 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of Carnival in the 2nd quarter valued at about $50,000. Institutional investors own 6.30% of the company’s stock.

Carnival Company Profile

Carnival plc 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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