Carnival Co. & (NYSE:CCL) Price Target Raised to $22.00

Carnival Co. & (NYSE:CCL) had its price target boosted by Citigroup from $18.00 to $22.00 in a report issued on Wednesday morning, Benzinga reports. Citigroup currently has a buy rating on the stock.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. increased their target price on Carnival Co. & from $22.00 to $23.00 and gave the stock an overweight rating in a research report on Thursday, March 28th. Mizuho started coverage on Carnival Co. & in a report on Tuesday, March 26th. They issued a buy rating and a $21.00 price target for the company. Macquarie raised their target price on Carnival Co. & from $22.00 to $24.00 and gave the company an outperform rating in a research note on Thursday, March 28th. Wells Fargo & Company increased their price target on shares of Carnival Co. & from $22.00 to $23.00 and gave the stock an overweight rating in a research report on Friday, May 17th. Finally, Barclays increased their price target on shares of Carnival Co. & from $24.00 to $25.00 and gave the stock an overweight rating in a research report on Thursday, March 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $22.00.

Carnival Co. & Price Performance

CCL stock opened at $18.72 on Wednesday. The company has a current ratio of 0.28, a quick ratio of 0.32 and a debt-to-equity ratio of 3.99. Carnival Co. & has a 12-month low of $10.84 and a 12-month high of $19.74. The company has a market cap of $21.01 billion, a price-to-earnings ratio of 28.80 and a beta of 2.57. The firm has a 50 day moving average of $15.64 and a 200-day moving average of $16.14.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.12. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The firm had revenue of $5.78 billion during the quarter, compared to the consensus estimate of $5.68 billion. During the same period in the previous year, the firm posted ($0.31) EPS. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. As a group, equities analysts expect that Carnival Co. & will post 1.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Carnival Co. &

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Carnival Co. & by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 113,163,718 shares of the company’s stock valued at $2,098,055,000 after acquiring an additional 559,038 shares during the period. Dimensional Fund Advisors LP grew its position in Carnival Co. & by 19.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,123,585 shares of the company’s stock worth $95,001,000 after buying an additional 844,014 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Carnival Co. & by 16.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,697,626 shares of the company’s stock worth $87,094,000 after buying an additional 652,798 shares during the last quarter. Earnest Partners LLC grew its position in Carnival Co. & by 12.5% during the 1st quarter. Earnest Partners LLC now owns 4,567,402 shares of the company’s stock worth $74,631,000 after purchasing an additional 507,045 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its position in Carnival Co. & by 210.1% during the 4th quarter. Point72 Asset Management L.P. now owns 3,894,286 shares of the company’s stock worth $72,200,000 after purchasing an additional 2,638,564 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Company Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.