Mizuho Raises Carnival Co. & (NYSE:CCL) Price Target to $26.00

Carnival Co. & (NYSE:CCL) had its price objective raised by Mizuho from $25.00 to $26.00 in a research note published on Tuesday, Benzinga reports. Mizuho currently has an outperform rating on the stock.

CCL has been the topic of several other research reports. Argus increased their price target on shares of Carnival Co. & from $20.00 to $25.00 and gave the stock a buy rating in a research note on Thursday, June 27th. Stifel Nicolaus raised their target price on Carnival Co. & from $25.00 to $27.00 and gave the company a buy rating in a report on Friday, September 20th. Bank of America boosted their price target on Carnival Co. & from $23.00 to $24.00 and gave the stock a buy rating in a research report on Thursday, June 27th. JPMorgan Chase & Co. boosted their target price on Carnival Co. & from $23.00 to $25.00 and gave the stock an overweight rating in a report on Wednesday, July 24th. Finally, Morgan Stanley upped their target price on Carnival Co. & from $15.00 to $16.50 and gave the stock an underweight rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Carnival Co. & currently has a consensus rating of Moderate Buy and an average target price of $22.97.

Carnival Co. & Stock Performance

Shares of NYSE CCL opened at $18.02 on Tuesday. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.24. Carnival Co. & has a one year low of $10.84 and a one year high of $19.74. The business’s 50-day moving average price is $16.58 and its two-hundred day moving average price is $16.29. The company has a market capitalization of $20.22 billion, a P/E ratio of 27.72 and a beta of 2.69.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.10. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The business had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.82 billion. During the same period in the previous year, the company earned $0.86 EPS. The firm’s revenue was up 15.2% on a year-over-year basis. Analysts anticipate that Carnival Co. & will post 1.21 earnings per share for the current fiscal year.

Institutional Trading of Carnival Co. &

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position 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 buying an additional 559,038 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Carnival Co. & during the second quarter worth about $466,838,000. Marshall Wace LLP increased its stake in Carnival Co. & by 510.5% during the second quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock valued at $193,398,000 after acquiring an additional 8,638,865 shares during the period. Renaissance Technologies LLC raised its holdings in Carnival Co. & by 43.6% in the 2nd quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock valued at $179,435,000 after acquiring an additional 2,911,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Carnival Co. & by 8.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,846,144 shares of the company’s stock worth $109,444,000 after acquiring an additional 473,848 shares during the period. 67.19% of the stock is owned by institutional investors.

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.