Carnival Co. & (NYSE:CCL) PT Raised to $26.00

Carnival Co. & (NYSE:CCL) had its price objective increased by equities research analysts at Barclays from $25.00 to $26.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 46.81% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. Argus raised their price target on Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, June 27th. JPMorgan Chase & Co. lifted their price target on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Stifel Nicolaus increased their price objective on shares of Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a report on Friday, September 20th. Mizuho lifted their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Bank of America increased their price target on Carnival Co. & from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Carnival Co. & has an average rating of “Moderate Buy” and an average target price of $22.84.

Carnival Co. & Trading Down 1.7 %

Shares of NYSE CCL opened at $17.71 on Tuesday. Carnival Co. & has a 1-year low of $10.84 and a 1-year high of $19.74. The company has a 50-day moving average of $16.56 and a two-hundred day moving average of $16.27. The company has a market cap of $19.88 billion, a PE ratio of 27.25 and a beta of 2.69. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 3.99.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.10. The firm had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.82 billion. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. Carnival Co. &’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.86 EPS. As a group, equities analysts expect that Carnival Co. & will post 1.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Carnival Co. &

Several large investors have recently modified their holdings of the business. Continuum Advisory LLC grew its position in shares of Carnival Co. & by 22.1% in the 2nd quarter. Continuum Advisory LLC now owns 3,480 shares of the company’s stock valued at $65,000 after purchasing an additional 630 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Carnival Co. & by 7.5% in the first quarter. GAMMA Investing LLC now owns 10,356 shares of the company’s stock valued at $169,000 after buying an additional 726 shares during the period. Texas Permanent School Fund Corp increased its position in shares of Carnival Co. & by 0.4% during the first quarter. Texas Permanent School Fund Corp now owns 206,795 shares of the company’s stock worth $3,379,000 after acquiring an additional 729 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Carnival Co. & by 2.9% during the second quarter. Sequoia Financial Advisors LLC now owns 26,174 shares of the company’s stock worth $490,000 after acquiring an additional 737 shares during the period. Finally, Fidelis Capital Partners LLC boosted its stake in Carnival Co. & by 6.6% in the 2nd quarter. Fidelis Capital Partners LLC now owns 12,368 shares of the company’s stock worth $232,000 after purchasing an additional 764 shares during the period. 67.19% of the stock is currently owned by institutional investors.

About Carnival Co. &

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.