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

Carnival Co. & (NYSE:CCL) had its price objective raised by Stifel Nicolaus from $31.00 to $33.00 in a research report report published on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other analysts have also commented on CCL. Truist Financial dropped their target price on Carnival Co. & from $30.00 to $27.00 and set a “hold” rating on the stock in a report on Monday, May 19th. Hsbc Global Res upgraded Carnival Co. & from a “moderate sell” rating to a “hold” rating in a report on Friday, May 16th. Loop Capital raised their target price on Carnival Co. & from $21.00 to $22.00 and gave the company a “hold” rating in a report on Tuesday, June 3rd. Mizuho boosted their price target on shares of Carnival Co. & from $32.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday, March 24th. Finally, Morgan Stanley upgraded shares of Carnival Co. & from an “underweight” rating to an “equal weight” rating and decreased their price objective for the company from $25.00 to $21.00 in a research note on Thursday, April 10th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, Carnival Co. & presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.58.

Carnival Co. & Stock Down 5.0%

Shares of NYSE CCL opened at $22.39 on Wednesday. Carnival Co. & has a 12-month low of $13.78 and a 12-month high of $28.72. The stock’s fifty day simple moving average is $20.92 and its two-hundred day simple moving average is $22.93. The stock has a market capitalization of $26.12 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 0.73 and a beta of 2.58. 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 issued its quarterly earnings data on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm had revenue of $5.81 billion during the quarter, compared to analyst estimates of $5.74 billion. During the same quarter in the prior year, the business posted ($0.14) EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, analysts expect that Carnival Co. & will post 1.77 EPS for the current fiscal year.

Institutional Trading of Carnival Co. &

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Carnival Co. & by 2.1% in the first quarter. Vanguard Group Inc. now owns 119,505,754 shares of the company’s stock worth $2,333,947,000 after purchasing an additional 2,410,188 shares during the period. Causeway Capital Management LLC purchased a new position in Carnival Co. & in the 1st quarter worth about $518,816,000. Geode Capital Management LLC raised its stake in Carnival Co. & by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 25,228,416 shares of the company’s stock valued at $627,053,000 after purchasing an additional 1,201,256 shares during the period. Nuveen Asset Management LLC lifted its holdings in shares of Carnival Co. & by 33.7% in the fourth quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company’s stock valued at $569,423,000 after purchasing an additional 5,761,489 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Carnival Co. & in the 1st quarter valued at about $432,718,000. Institutional investors and hedge funds 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.