Carnival Co. & (NYSE:CCL) Price Target Raised to $31.00

Carnival Co. & (NYSE:CCL) had its price target hoisted by research analysts at Stifel Nicolaus from $30.00 to $31.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 45.88% from the stock’s previous close.

CCL has been the subject of a number of other reports. Barclays increased their target price on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. Truist Financial raised their price objective on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Sanford C. Bernstein began coverage on Carnival Co. & in a report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price objective for the company. Loop Capital began coverage on Carnival Co. & in a report on Tuesday, February 4th. They issued a “hold” rating and a $25.00 target price on the stock. Finally, Citigroup lifted their price target on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Carnival Co. & has an average rating of “Moderate Buy” and an average price target of $26.72.

Carnival Co. & Stock Down 0.9 %

Carnival Co. & stock opened at $21.25 on Monday. The stock’s 50 day moving average price is $24.07 and its 200 day moving average price is $23.11. Carnival Co. & has a 1-year low of $13.78 and a 1-year high of $28.72. The company has a market cap of $24.74 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.02 by $0.11. The company had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.14) EPS. On average, sell-side analysts predict that Carnival Co. & will post 1.77 EPS for the current fiscal year.

Institutional Trading of Carnival Co. &

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Measured Risk Portfolios Inc. purchased a new position in shares of Carnival Co. & during the 4th quarter worth $29,000. Crewe Advisors LLC grew its holdings in Carnival Co. & by 275.8% in the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after buying an additional 888 shares during the period. Orion Capital Management LLC purchased a new stake in shares of Carnival Co. & during the 4th quarter valued at $30,000. New Wave Wealth Advisors LLC acquired a new position in Carnival Co. & in the fourth quarter valued at $34,000. Finally, Millstone Evans Group LLC purchased a new stake in Carnival Co. & during the fourth quarter valued at about $34,000. 67.19% of the stock is owned by hedge funds and other 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.