Argus Raises Carnival Co. & (NYSE:CCL) Price Target to $25.00

Carnival Co. & (NYSE:CCL) had its price target lifted by Argus from $20.00 to $25.00 in a report published on Thursday, Benzinga reports. Argus currently has a buy rating on the stock.

CCL has been the subject of several other research reports. William Blair reaffirmed an outperform rating on shares of Carnival Co. & in a report on Monday, April 22nd. Macquarie raised their target price on Carnival Co. & from $22.00 to $24.00 and gave the stock an outperform rating in a research report on Thursday, March 28th. Stifel Nicolaus decreased their price target on shares of Carnival Co. & from $26.00 to $25.00 and set a buy rating on the stock in a research note on Thursday, March 28th. Barclays increased their price objective on shares of Carnival Co. & from $24.00 to $25.00 and gave the company an overweight rating in a research note on Thursday, March 28th. Finally, Wells Fargo & Company lifted their target price on shares of Carnival Co. & from $22.00 to $23.00 and gave the company an overweight rating in a research report on Friday, May 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $22.00.

Carnival Co. & Price Performance

Shares of NYSE:CCL opened at $18.72 on Thursday. 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 business has a 50 day moving average price of $15.64 and a 200 day moving average price of $16.13. The company has a quick ratio of 0.32, a current ratio of 0.28 and a debt-to-equity ratio of 3.99. Carnival Co. & has a twelve month low of $10.84 and a twelve month high of $19.74.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.12. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The business had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.68 billion. During the same quarter in the previous year, the firm posted ($0.31) earnings per share. Carnival Co. &’s revenue was up 17.7% compared to the same quarter last year. Research analysts predict that Carnival Co. & will post 1.19 earnings per share for the current year.

Institutional Trading of Carnival Co. &

Several hedge funds have recently modified their holdings of CCL. Vanguard Group Inc. lifted its holdings in Carnival Co. & by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 113,163,718 shares of the company’s stock worth $2,098,055,000 after buying an additional 559,038 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 valued at $95,001,000 after acquiring an additional 844,014 shares during the last quarter. Commonwealth Equity Services LLC increased 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 purchasing an additional 652,798 shares during the period. Earnest Partners LLC raised its holdings 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 during the last quarter. Finally, Point72 Asset Management L.P. lifted 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 valued at $72,200,000 after purchasing an additional 2,638,564 shares during the period. 67.19% of the stock is owned by institutional investors.

About Carnival Co. &

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.