Carnival Co. & (NYSE:CCL) PT Raised to $26.00

Carnival Co. & (NYSE:CCL) had its target price raised by equities research analysts at Barclays from $25.00 to $26.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target indicates a potential upside of 43.33% from the stock’s current price.

CCL has been the topic of a number of other reports. Hsbc Global Res upgraded Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. Stifel Nicolaus raised their target price on Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Argus raised their target price on Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. Susquehanna restated a “positive” rating and issued a $22.00 target price on shares of Carnival Co. & in a research report on Wednesday, June 26th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.84.

Carnival Co. & Stock Performance

Shares of Carnival Co. & stock traded down $0.34 on Tuesday, reaching $18.14. 26,307,047 shares of the company were exchanged, compared to its average volume of 29,974,980. 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 is $16.60 and its two-hundred day moving average is $16.24. The firm has a market cap of $20.36 billion, a price-to-earnings ratio of 27.95 and a beta of 2.68. Carnival Co. & has a 1-year low of $10.84 and a 1-year high of $19.74.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results 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. The business had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.82 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The business’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 EPS. As a group, research analysts expect that Carnival Co. & will post 1.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Carnival Co. &

Large investors have recently modified their holdings of the stock. Empowered Funds LLC boosted its stake in shares of Carnival Co. & by 29.4% during the 1st quarter. Empowered Funds LLC now owns 16,467 shares of the company’s stock worth $269,000 after acquiring an additional 3,741 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Carnival Co. & by 72.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 246,026 shares of the company’s stock worth $4,223,000 after buying an additional 103,501 shares during the period. Cetera Advisors LLC boosted its position in shares of Carnival Co. & by 38.3% in the first quarter. Cetera Advisors LLC now owns 40,708 shares of the company’s stock worth $665,000 after buying an additional 11,276 shares during the period. Janus Henderson Group PLC boosted its position in shares of Carnival Co. & by 114.8% in the first quarter. Janus Henderson Group PLC now owns 179,295 shares of the company’s stock worth $2,929,000 after buying an additional 95,828 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Carnival Co. & by 2.6% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 565,055 shares of the company’s stock worth $9,228,000 after buying an additional 14,569 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.