Carnival Co. & (NYSE:CCL) PT Raised to $22.00 at Citigroup

Carnival Co. & (NYSE:CCL) had its target price hoisted by Citigroup from $18.00 to $22.00 in a report published on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also commented on CCL. UBS Group upped their price target on shares of Carnival Co. & from $20.00 to $21.00 and gave the stock a buy rating in a research report on Tuesday, May 14th. William Blair restated an outperform rating on shares of Carnival Co. & in a research report on Monday, April 22nd. Wells Fargo & Company upped their price target on shares of Carnival Co. & from $22.00 to $23.00 and gave the stock an overweight rating in a research report on Friday, May 17th. Macquarie upped their price target on shares of Carnival Co. & from $22.00 to $24.00 and gave the stock an outperform rating in a research report on Thursday, March 28th. Finally, Susquehanna restated a positive rating and set a $22.00 price target on shares of Carnival Co. & in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, Carnival Co. & presently has an average rating of Moderate Buy and an average target price of $22.00.

Carnival Co. & Stock Up 0.6 %

Shares of NYSE:CCL opened at $18.72 on Wednesday. The stock has a market capitalization of $21.01 billion, a price-to-earnings ratio of 28.80 and a beta of 2.57. Carnival Co. & has a 1-year low of $10.84 and a 1-year high of $19.74. The company’s fifty day moving average is $15.64 and its two-hundred day moving average is $16.13. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.32 and a current ratio of 0.28.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.12. The company had revenue of $5.78 billion for the quarter, compared to analysts’ expectations of $5.68 billion. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The firm’s revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.31) earnings per share. Equities analysts anticipate that Carnival Co. & will post 1.19 EPS for the current year.

Institutional Investors Weigh In On Carnival Co. &

Institutional investors and hedge funds have recently bought and sold shares of the business. Richardson Capital Management LLC acquired a new stake in Carnival Co. & in the 1st quarter valued at about $26,000. Friedenthal Financial acquired a new stake in Carnival Co. & in the 4th quarter valued at about $28,000. ICA Group Wealth Management LLC acquired a new stake in Carnival Co. & in the 4th quarter valued at about $31,000. BNP Paribas acquired a new stake in Carnival Co. & in the 1st quarter valued at about $32,000. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in Carnival Co. & by 67.2% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock valued at $34,000 after acquiring an additional 739 shares during the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

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.