Carnival Co. & (NYSE:CCL) Given New $26.00 Price Target at Barclays

Carnival Co. & (NYSE:CCL) had its target price lifted by Barclays from $25.00 to $26.00 in a report released on Tuesday morning, Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other equities research analysts have also weighed in on the company. JPMorgan Chase & Co. lifted their price target on Carnival Co. & from $23.00 to $25.00 and gave the company an overweight rating in a research report on Wednesday, July 24th. Susquehanna restated a positive rating and set a $22.00 price target on shares of Carnival Co. & in a research report on Wednesday, June 26th. Morgan Stanley lifted their price target on Carnival Co. & from $15.00 to $16.50 and gave the company an underweight rating in a research report on Tuesday. Stifel Nicolaus lifted their price target on Carnival Co. & from $25.00 to $27.00 and gave the company a buy rating in a research report on Friday, September 20th. Finally, Mizuho lifted their price target on Carnival Co. & from $25.00 to $26.00 and gave the company an outperform rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $22.97.

Carnival Co. & Price Performance

Shares of CCL stock opened at $17.34 on Tuesday. The firm has a market cap of $19.46 billion, a P/E ratio of 26.68 and a beta of 2.69. Carnival Co. & has a fifty-two week low of $10.84 and a fifty-two week high of $19.74. The business’s 50 day moving average price is $16.57 and its 200-day moving average price is $16.27. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The firm had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.82 billion. During the same period last year, the company earned $0.86 EPS. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. On average, equities research analysts anticipate that Carnival Co. & will post 1.21 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Continuum Advisory LLC raised its stake in shares of Carnival Co. & by 22.1% in the second quarter. Continuum Advisory LLC now owns 3,480 shares of the company’s stock worth $65,000 after purchasing an additional 630 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Carnival Co. & by 7.5% in the first quarter. GAMMA Investing LLC now owns 10,356 shares of the company’s stock worth $169,000 after purchasing an additional 726 shares during the last quarter. Texas Permanent School Fund Corp raised its stake in shares of Carnival Co. & by 0.4% in the first quarter. Texas Permanent School Fund Corp now owns 206,795 shares of the company’s stock worth $3,379,000 after purchasing an additional 729 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Carnival Co. & by 2.9% in the second quarter. Sequoia Financial Advisors LLC now owns 26,174 shares of the company’s stock worth $490,000 after purchasing an additional 737 shares during the last quarter. Finally, Fidelis Capital Partners LLC raised its stake in shares of Carnival Co. & by 6.6% in the second quarter. Fidelis Capital Partners LLC now owns 12,368 shares of the company’s stock worth $232,000 after purchasing an additional 764 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

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.