Carnival Co. & (NYSE:CCL) Price Target Raised to $33.00

Carnival Co. & (NYSE:CCL - Get Free Report) had its price target hoisted by Mizuho from $32.00 to $33.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Mizuho's target price would indicate a potential upside of 64.63% from the stock's current price.

Other research analysts have also recently issued research reports about the company. The Goldman Sachs Group upped their price target on Carnival Co. & from $24.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Barclays upped their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an "overweight" rating in a report on Monday, December 23rd. Morgan Stanley lifted their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an "underweight" rating in a research note on Wednesday, January 8th. Loop Capital dropped their price target on shares of Carnival Co. & from $25.00 to $21.00 and set a "hold" rating on the stock in a research note on Monday. Finally, Wells Fargo & Company lifted their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an "overweight" rating in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $26.89.

Remove Ads

Carnival Co. & Stock Performance

NYSE CCL traded down $0.74 during trading hours on Monday, reaching $20.05. 7,375,963 shares of the company were exchanged, compared to its average volume of 23,243,684. The stock has a market capitalization of $23.34 billion, a P/E ratio of 14.42, a P/E/G ratio of 0.73 and a beta of 2.66. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. Carnival Co. & has a 1 year low of $13.78 and a 1 year high of $28.72. The business's 50 day simple moving average is $23.91 and its 200-day simple moving average is $23.08.

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

Institutional Trading of Carnival Co. &

Institutional investors and hedge funds have recently modified their holdings of the business. Measured Risk Portfolios Inc. purchased a new position in shares of Carnival Co. & during the fourth quarter worth about $29,000. Orion Capital Management LLC bought a new stake in Carnival Co. & during the fourth quarter valued at approximately $30,000. Crewe Advisors LLC grew its stake in Carnival Co. & by 275.8% in the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock worth $30,000 after buying an additional 888 shares in the last quarter. New Wave Wealth Advisors LLC bought a new position in shares of Carnival Co. & in the 4th quarter worth $34,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of Carnival Co. & during the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 67.19% of the company's stock.

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.