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

Carnival Co. & (NYSE:CCL) had its price objective hoisted by equities research analysts at Mizuho from $32.00 to $33.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s target price would suggest a potential upside of 55.63% from the company’s previous close.

A number of other research analysts have also weighed in on CCL. Stifel Nicolaus raised their price objective on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a report on Monday. Sanford C. Bernstein assumed coverage on Carnival Co. & in a report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price objective on the stock. Wells Fargo & Company raised their price objective on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Morgan Stanley raised their price objective on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a report on Wednesday, January 8th. Finally, Barclays raised their price objective on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Carnival Co. & currently has an average rating of “Moderate Buy” and a consensus target price of $26.78.

Carnival Co. & Stock Performance

Carnival Co. & stock traded up $0.26 during mid-day trading on Monday, hitting $21.20. The company had a trading volume of 3,256,975 shares, compared to its average volume of 26,255,368. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. Carnival Co. & has a 12-month low of $13.78 and a 12-month high of $28.72. The company’s fifty day moving average is $24.19 and its 200-day moving average is $23.04. The company has a market capitalization of $24.69 billion, a price-to-earnings ratio of 15.25, a P/E/G ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Friday, March 21st. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same quarter in the prior year, the firm posted ($0.14) EPS. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities research analysts predict that Carnival Co. & will post 1.77 EPS for the current year.

Institutional Investors Weigh In On Carnival Co. &

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. PKO Investment Management Joint Stock Co purchased a new stake in Carnival Co. & in the fourth quarter valued at approximately $2,243,000. Centaurus Financial Inc. purchased a new stake in Carnival Co. & in the fourth quarter valued at approximately $348,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Carnival Co. & during the fourth quarter worth approximately $11,249,000. Jefferies Financial Group Inc. purchased a new stake in shares of Carnival Co. & during the fourth quarter worth approximately $353,000. Finally, Advisor Resource Council purchased a new stake in shares of Carnival Co. & during the fourth quarter worth approximately $541,000. 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.