Carnival Co. & (NYSE:CCL) Price Target Raised to $32.00

Carnival Co. & (NYSE:CCL) had its target price hoisted by research analysts at Tigress Financial from $28.00 to $32.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “strong-buy” rating on the stock. Tigress Financial’s price objective would suggest a potential upside of 52.55% from the company’s current price.

CCL has been the topic of a number of other research reports. Truist Financial increased their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Morgan Stanley increased their price target on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, January 8th. Stifel Nicolaus boosted their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday. William Blair reiterated an “outperform” rating on shares of Carnival Co. & in a research report on Monday, March 10th. Finally, Citigroup cut their price target on Carnival Co. & from $31.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday. One analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.94.

Carnival Co. & Price Performance

Carnival Co. & stock traded down $0.28 during trading hours on Wednesday, hitting $20.98. 3,222,075 shares of the stock were exchanged, compared to its average volume of 23,437,934. Carnival Co. & has a 12 month low of $13.78 and a 12 month high of $28.72. The business’s 50-day moving average is $24.07 and its two-hundred day moving average is $23.11. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The stock has a market capitalization of $24.42 billion, a P/E ratio of 15.06, a P/E/G ratio of 0.73 and a beta of 2.66.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CCL. PKO Investment Management Joint Stock Co acquired a new stake in Carnival Co. & in the 4th quarter valued at approximately $2,243,000. Centaurus Financial Inc. bought a new position in shares of Carnival Co. & during the 4th quarter worth approximately $348,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Carnival Co. & in the fourth quarter valued at approximately $11,249,000. Jefferies Financial Group Inc. bought a new stake in shares of Carnival Co. & in the fourth quarter worth $353,000. Finally, Advisor Resource Council acquired a new position in Carnival Co. & during the fourth quarter worth $541,000. 67.19% of the stock is owned by institutional investors and hedge funds.

About Carnival Co. &

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.