Stifel Nicolaus Cuts Carnival Co. & (NYSE:CCL) Price Target to $30.00

Carnival Co. & (NYSE:CCL) had its price objective reduced by Stifel Nicolaus from $34.00 to $30.00 in a report published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Other research analysts have also issued reports about the stock. Truist Financial upped their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, January 24th. William Blair restated an “outperform” rating on shares of Carnival Co. & in a report on Monday, March 10th. The Goldman Sachs Group upped their target price on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Citigroup lifted their price target on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Finally, Barclays increased their price objective on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. One investment 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.89.

Carnival Co. & Stock Up 4.2 %

Shares of NYSE CCL opened at $19.93 on Friday. The firm’s fifty day moving average is $24.52 and its 200 day moving average is $22.88. 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. The company has a market cap of $23.20 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Friday, December 20th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.08 by $0.06. The firm had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.07) earnings per share. On average, equities research analysts expect that Carnival Co. & will post 1.77 earnings per share for the current year.

Hedge Funds Weigh In On Carnival Co. &

A number of hedge funds have recently bought and sold shares of CCL. Hartford Investment Management Co. grew 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 grew its position in 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 purchasing an additional 408 shares during the period. Avidian Wealth Enterprises LLC raised its stake in 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 during 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 valued at $372,000 after buying an additional 475 shares during the period. Finally, Wealthcare Advisory Partners LLC boosted its stake in shares of Carnival Co. & by 1.1% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock worth $1,224,000 after buying an additional 521 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

About Carnival Co. &

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.