Stifel Nicolaus Raises Carnival Co. & (NYSE:CCL) Price Target to $31.00

Carnival Co. & (NYSE:CCL - Free Report) had its price target raised by Stifel Nicolaus from $30.00 to $31.00 in a report issued on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. Truist Financial boosted their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a "hold" rating in a research report on Friday, January 24th. The Goldman Sachs Group boosted their price target on Carnival Co. & from $24.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Morgan Stanley raised their price objective on Carnival Co. & from $20.00 to $22.00 and gave the stock an "underweight" rating in a report on Wednesday, January 8th. Wells Fargo & Company upped their target price on Carnival Co. & from $25.00 to $30.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. Finally, William Blair restated an "outperform" rating on shares of Carnival Co. & in a research note on Monday, March 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, Carnival Co. & presently has an average rating of "Moderate Buy" and an average target price of $26.89.

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Carnival Co. & Trading Down 4.5 %

Shares of NYSE:CCL traded down $0.94 during trading hours on Monday, hitting $19.85. 18,849,926 shares of the company's stock traded hands, compared to its average volume of 26,164,150. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The business has a fifty day moving average price of $23.79 and a 200-day moving average price of $23.11. Carnival Co. & has a 1 year low of $13.78 and a 1 year high of $28.72. The firm has a market capitalization of $23.10 billion, a P/E ratio of 14.28, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Measured Risk Portfolios Inc. purchased a new stake in shares of Carnival Co. & during the fourth quarter worth about $29,000. Orion Capital Management LLC acquired a new stake in Carnival Co. & in the 4th quarter worth approximately $30,000. Crewe Advisors LLC grew its position in Carnival Co. & by 275.8% during the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock worth $30,000 after purchasing an additional 888 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new position in Carnival Co. & during the 4th quarter valued at approximately $34,000. Finally, Millstone Evans Group LLC purchased a new position in shares of Carnival Co. & in the fourth quarter worth $34,000. 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.