Citigroup Cuts Carnival Co. & (NYSE:CCL) Price Target to $30.00

Carnival Co. & (NYSE:CCL) had its price objective reduced by Citigroup from $31.00 to $30.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts also recently issued reports on the company. Loop Capital cut their price target on Carnival Co. & from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Monday. Barclays lifted their target price on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. Sanford C. Bernstein assumed coverage on shares of Carnival Co. & in a research note on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price target on the stock. Wells Fargo & Company lifted their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Finally, William Blair reissued an “outperform” rating on shares of Carnival Co. & in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Carnival Co. & has an average rating of “Moderate Buy” and a consensus price target of $26.94.

Carnival Co. & Stock Performance

Shares of Carnival Co. & stock opened at $20.92 on Monday. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The stock’s fifty day moving average price is $23.99 and its 200-day moving average price is $23.10. The firm has a market cap of $24.35 billion, a P/E ratio of 15.05, a P/E/G ratio of 0.73 and a beta of 2.66. Carnival Co. & has a 12 month low of $13.78 and a 12 month high of $28.72.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter last year, the firm posted ($0.14) EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, equities research analysts expect that Carnival Co. & will post 1.77 earnings per share for the current fiscal year.

Institutional Trading of Carnival Co. &

A number of hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its position in shares of Carnival Co. & by 1.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company’s stock valued at $4,384,000 after buying an additional 1,678 shares in the last quarter. Illinois Municipal Retirement Fund raised its position in Carnival Co. & by 153.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company’s stock worth $8,386,000 after acquiring an additional 203,710 shares during the period. Private Advisor Group LLC lifted its holdings in Carnival Co. & by 26.6% during the fourth quarter. Private Advisor Group LLC now owns 86,837 shares of the company’s stock valued at $2,164,000 after purchasing an additional 18,269 shares in the last quarter. Convergence Investment Partners LLC grew its position in shares of Carnival Co. & by 54.4% in the fourth quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company’s stock valued at $1,002,000 after purchasing an additional 14,165 shares during the period. Finally, Cerity Partners LLC increased its stake in shares of Carnival Co. & by 181.7% during the third quarter. Cerity Partners LLC now owns 123,815 shares of the company’s stock worth $2,288,000 after purchasing an additional 79,857 shares in the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Company Profile

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.