Carnival Co. & (NYSE:CCL) Given New $30.00 Price Target at Citigroup

Carnival Co. & (NYSE:CCL - Free Report) had its price objective cut by Citigroup from $31.00 to $30.00 in a research note issued to investors on Monday,Benzinga reports. They currently have a buy rating on the stock.

CCL has been the subject of several other reports. Mizuho lifted their price objective on Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a research report on Monday. Sanford C. Bernstein started coverage on Carnival Co. & in a report on Tuesday, November 26th. They issued a "market perform" rating and a $26.00 price objective for the company. Loop Capital reduced 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 report on Monday. Stifel Nicolaus raised their price target on Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a report on Monday. Finally, Truist Financial upped their target price on Carnival Co. & from $29.00 to $30.00 and gave the company a "hold" rating in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $26.89.

Carnival Co. & Stock Performance

CCL traded down $0.86 during trading on Monday, reaching $19.92. 8,188,702 shares of the company's stock were exchanged, compared to its average volume of 26,258,636. Carnival Co. & has a 1 year low of $13.78 and a 1 year high of $28.72. 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 stock has a market capitalization of $23.20 billion, a P/E ratio of 14.34, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. The company's fifty day simple moving average is $23.91 and its 200-day simple moving average is $23.08.

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

Institutional Trading of Carnival Co. &

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC increased its stake in shares of Carnival Co. & by 186.6% in the fourth quarter. FMR LLC now owns 9,898,906 shares of the company's stock valued at $246,681,000 after buying an additional 6,444,444 shares during the period. Nuveen Asset Management LLC grew its stake in shares of Carnival Co. & by 33.7% in the 4th quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company's stock worth $569,423,000 after acquiring an additional 5,761,489 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Carnival Co. & by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock valued at $2,918,022,000 after acquiring an additional 4,458,329 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new position in shares of Carnival Co. & in the 4th quarter worth about $100,845,000. Finally, AQR Capital Management LLC grew its holdings in Carnival Co. & by 228.8% during the fourth quarter. AQR Capital Management LLC now owns 4,689,305 shares of the company's stock valued at $116,857,000 after purchasing an additional 3,263,204 shares during the period. 67.19% of the stock is currently 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.