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

Carnival Co. & (NYSE:CCL) had its target price hoisted by JPMorgan Chase & Co. from $23.00 to $25.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 34.55% from the company’s current price.

A number of other research firms also recently issued reports on CCL. Wells Fargo & Company upped 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. Macquarie upped their target price on shares of Carnival Co. & from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. William Blair restated an “outperform” rating on shares of Carnival Co. & in a research report on Monday, April 22nd. Deutsche Bank Aktiengesellschaft upped their price objective on Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday, June 26th. Finally, Mizuho initiated coverage on Carnival Co. & in a report on Tuesday, March 26th. They set a “buy” rating and a $21.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, Carnival Co. & has a consensus rating of “Moderate Buy” and an average target price of $22.11.

Carnival Co. & Price Performance

Shares of CCL traded down $0.49 during mid-day trading on Wednesday, hitting $18.58. 14,047,864 shares of the company traded hands, compared to its average volume of 30,720,799. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 3.99. The stock has a market capitalization of $20.86 billion, a price-to-earnings ratio of 28.88 and a beta of 2.68. The business has a 50-day moving average of $16.81 and a 200 day moving average of $16.09. Carnival Co. & has a one year low of $10.84 and a one year high of $19.74.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. The firm had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.68 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period last year, the company earned ($0.31) EPS. As a group, equities analysts expect that Carnival Co. & will post 1.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Friedenthal Financial bought a new stake in shares of Carnival Co. & in the fourth quarter worth $28,000. Richardson Capital Management LLC acquired a new stake in shares of Carnival Co. & in the first quarter valued at about $26,000. ICA Group Wealth Management LLC bought a new stake in Carnival Co. & during the fourth quarter worth about $31,000. BNP Paribas acquired a new position in Carnival Co. & during the first quarter valued at approximately $32,000. Finally, 1832 Asset Management L.P. boosted its position in Carnival Co. & by 66.7% during the fourth quarter. 1832 Asset Management L.P. now owns 2,000 shares of the company’s stock valued at $37,000 after purchasing an additional 800 shares during the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

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.