Carnival Co. & (NYSE:CCL) Price Target Raised to $33.00 at Mizuho

Carnival Co. & (NYSE:CCL) had its price target hoisted by equities researchers at Mizuho from $32.00 to $33.00 in a report released on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s price target would indicate a potential upside of 55.29% from the company’s current price.

A number of other research analysts also recently weighed in on CCL. Wells Fargo & Company increased their target price on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Stifel Nicolaus raised their target price on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday. Sanford C. Bernstein assumed coverage on Carnival Co. & in a research note on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 target price on the stock. William Blair reissued an “outperform” rating on shares of Carnival Co. & in a report on Monday, March 10th. Finally, Barclays boosted their price objective on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.72.

Carnival Co. & Stock Performance

Shares of CCL opened at $21.25 on Monday. The stock has a 50 day moving average of $24.07 and a 200 day moving average of $23.11. The company has a market capitalization of $24.74 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 0.73 and a beta of 2.66. Carnival Co. & has a 12 month low of $13.78 and a 12 month high of $28.72. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80.

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

Institutional Trading of Carnival Co. &

Institutional investors and hedge funds have recently modified their holdings of the business. Hartford Investment Management Co. increased its position in shares of Carnival Co. & by 0.6% in the fourth quarter. Hartford Investment Management Co. now owns 64,231 shares of the company’s stock worth $1,601,000 after purchasing an additional 387 shares during the last quarter. Prestige Wealth Management Group LLC increased its holdings in shares of Carnival Co. & by 23.1% in the 4th quarter. Prestige Wealth Management Group LLC now owns 2,173 shares of the company’s stock worth $54,000 after buying an additional 408 shares during the last quarter. Avidian Wealth Enterprises LLC raised its position in shares of Carnival Co. & by 4.6% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock valued at $267,000 after buying an additional 468 shares in the last quarter. Sound View Wealth Advisors Group LLC lifted its holdings in shares of Carnival Co. & by 3.3% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company’s stock worth $372,000 after acquiring an additional 475 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its position in Carnival Co. & by 1.1% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock worth $1,224,000 after acquiring an additional 521 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

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.