Tigress Financial Boosts Carnival Co. & (NYSE:CCL) Price Target to $32.00

Carnival Co. & (NYSE:CCL) had its price objective lifted by research analysts at Tigress Financial from $28.00 to $32.00 in a report issued on Wednesday, Marketbeat Ratings reports. The firm currently has a “strong-buy” rating on the stock. Tigress Financial’s target price would suggest a potential upside of 53.88% from the stock’s current price.

Several other brokerages have also commented on CCL. Mizuho lifted their target price on Carnival Co. & from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday. Citigroup decreased their price objective on shares of Carnival Co. & from $31.00 to $30.00 and set a “buy” rating for the company in a report on Monday. Morgan Stanley increased their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, January 8th. The Goldman Sachs Group lifted their price target on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Stifel Nicolaus boosted their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.89.

Carnival Co. & Trading Down 0.6 %

NYSE CCL opened at $20.80 on Wednesday. The company has a market capitalization of $24.21 billion, a price-to-earnings ratio of 14.96, 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. & has a 12 month low of $13.78 and a 12 month high of $28.72. The company’s fifty day moving average price is $23.91 and its two-hundred day moving average price is $23.08.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. The business 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 company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.14) EPS. As a group, research analysts predict that Carnival Co. & will post 1.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Carnival Co. &

Several large investors have recently made changes to their positions in the business. Commerce Bank boosted its holdings in Carnival Co. & by 5.1% during the third quarter. Commerce Bank now owns 21,485 shares of the company’s stock worth $397,000 after buying an additional 1,035 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of Carnival Co. & during the 3rd quarter valued at $2,887,000. Cerity Partners LLC boosted its stake in shares of Carnival Co. & by 181.7% during the 3rd quarter. Cerity Partners LLC now owns 123,815 shares of the company’s stock worth $2,288,000 after acquiring an additional 79,857 shares in the last quarter. Swedbank AB grew its holdings in shares of Carnival Co. & by 5.5% in the 3rd quarter. Swedbank AB now owns 250,235 shares of the company’s stock worth $4,624,000 after acquiring an additional 13,137 shares during the last quarter. Finally, Summit Trail Advisors LLC raised its position in shares of Carnival Co. & by 75.3% during the third quarter. Summit Trail Advisors LLC now owns 20,130 shares of the company’s stock worth $372,000 after purchasing an additional 8,646 shares during the period. 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.