Carnival Co. & (NYSE:CCL) Price Target Lowered to $30.00 at Citigroup

Carnival Co. & (NYSE:CCL) had its target price reduced by equities researchers at Citigroup from $31.00 to $30.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 41.18% from the company’s current price.

A number of other equities analysts have also recently commented on the stock. Mizuho lifted their price target on shares of Carnival Co. & from $32.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday. The Goldman Sachs Group upped their target price on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. William Blair reissued an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. Stifel Nicolaus increased their target price on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Sanford C. Bernstein initiated coverage on shares of Carnival Co. & in a research note on Tuesday, November 26th. They set a “market perform” rating and a $26.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.72.

Carnival Co. & Trading Down 0.9 %

Shares of NYSE CCL opened at $21.25 on Monday. Carnival Co. & has a 1-year low of $13.78 and a 1-year high of $28.72. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The business’s 50 day moving average is $24.07 and its two-hundred day moving average is $23.11. The stock has a market capitalization of $24.74 billion, a P/E ratio of 15.29, a PEG ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last released its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.11. The firm had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.14) EPS. As a group, research analysts expect that Carnival Co. & will post 1.77 EPS for the current year.

Hedge Funds Weigh In On Carnival Co. &

A number of large investors have recently added to or reduced their stakes in the company. FMR LLC grew its position in shares of Carnival Co. & by 186.6% in the 4th quarter. FMR LLC now owns 9,898,906 shares of the company’s stock worth $246,681,000 after buying an additional 6,444,444 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in Carnival Co. & by 33.7% in the fourth quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company’s stock valued at $569,423,000 after acquiring an additional 5,761,489 shares in the last quarter. Vanguard Group Inc. grew its holdings in Carnival Co. & by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company’s stock worth $2,918,022,000 after purchasing an additional 4,458,329 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new position in shares of Carnival Co. & during the fourth quarter worth $100,845,000. Finally, AQR Capital Management LLC increased its position in shares of Carnival Co. & by 228.8% during the fourth quarter. AQR Capital Management LLC now owns 4,689,305 shares of the company’s stock worth $116,857,000 after purchasing an additional 3,263,204 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Company Profile

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.