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

Carnival Co. & (NYSE:CCL) had its price target hoisted by research analysts at Mizuho from $25.00 to $26.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s price objective indicates a potential upside of 46.81% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. raised their price target on Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Morgan Stanley lifted their target price on shares of Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a research note on Tuesday. Argus boosted their target price on shares of Carnival Co. & from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday, June 26th. Finally, Citigroup upped their price objective on shares of Carnival Co. & from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.84.

Carnival Co. & Stock Performance

Shares of CCL opened at $17.71 on Tuesday. The company has a market capitalization of $19.88 billion, a PE ratio of 27.25 and a beta of 2.69. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28. The company’s 50 day moving average price is $16.56 and its 200 day moving average price is $16.27. Carnival Co. & has a 52 week low of $10.84 and a 52 week high of $19.74.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Carnival Co. & in the second quarter valued at approximately $466,838,000. Marshall Wace LLP increased its position in Carnival Co. & by 510.5% during the second quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock worth $193,398,000 after acquiring an additional 8,638,865 shares during the period. Renaissance Technologies LLC increased its position in Carnival Co. & by 43.6% during the second quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock worth $179,435,000 after acquiring an additional 2,911,100 shares during the period. Point72 Asset Management L.P. increased its position in Carnival Co. & by 210.1% during the fourth quarter. Point72 Asset Management L.P. now owns 3,894,286 shares of the company’s stock worth $72,200,000 after acquiring an additional 2,638,564 shares during the period. Finally, Goldentree Asset Management LP bought a new position in Carnival Co. & during the first quarter worth $31,917,000. 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.