Carnival Co. & (NYSE:CCL) Price Target Cut to $26.00 by Analysts at Barclays

Carnival Co. & (NYSE:CCL) had its price objective decreased by Barclays from $32.00 to $26.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other research firms also recently issued reports on CCL. William Blair reiterated an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. Citigroup decreased their price objective on Carnival Co. & from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Tigress Financial reiterated a “buy” rating on shares of Carnival Co. & in a research note on Wednesday, March 26th. Stifel Nicolaus increased their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, March 24th. Finally, StockNews.com raised shares of Carnival Co. & from a “hold” rating to a “buy” rating in a research report on Friday, April 18th. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Carnival Co. & has a consensus rating of “Moderate Buy” and an average price target of $26.53.

Carnival Co. & Stock Up 4.2 %

Shares of NYSE:CCL opened at $17.97 on Tuesday. The business’s 50 day moving average is $20.54 and its 200 day moving average is $23.11. The stock has a market cap of $20.96 billion, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 0.73 and a beta of 2.42. Carnival Co. & has a 52-week low of $13.78 and a 52-week high of $28.72. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80.

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

Hedge Funds Weigh In On Carnival Co. &

A number of institutional investors have recently bought and sold shares of CCL. Hartford Investment Management Co. increased its stake 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 acquiring an additional 387 shares during the period. Prestige Wealth Management Group LLC raised its stake in shares of Carnival Co. & by 23.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 2,173 shares of the company’s stock valued at $54,000 after buying an additional 408 shares during the last quarter. Avidian Wealth Enterprises LLC lifted its holdings in shares of Carnival Co. & by 4.6% in 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 during the period. Sound View Wealth Advisors Group LLC boosted its stake in shares of Carnival Co. & by 3.3% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company’s stock worth $372,000 after buying an additional 475 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its holdings in Carnival Co. & by 1.1% during 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 during the period. 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.