Carnival Co. & (NYSE:CCL) Given New $31.00 Price Target at Stifel Nicolaus

Carnival Co. & (NYSE:CCL) had its target price lifted by research analysts at Stifel Nicolaus from $30.00 to $31.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 47.51% from the stock’s current price.

CCL has been the subject of a number of other research reports. 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 report on Monday, December 16th. Barclays lifted their price target on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. Loop Capital started coverage on Carnival Co. & in a research note on Tuesday, February 4th. They issued a “hold” rating and a $25.00 price objective on the stock. Truist Financial lifted their target price on Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Finally, The Goldman Sachs Group increased their price target on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $26.94.

Carnival Co. & Stock Performance

CCL opened at $21.02 on Monday. The business’s 50-day simple moving average is $24.19 and its 200 day simple moving average is $23.04. Carnival Co. & has a 52-week low of $13.78 and a 52-week high of $28.72. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The firm has a market capitalization of $24.47 billion, a PE ratio of 15.12, a PEG ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $5.74 billion. During the same quarter in the prior year, the business posted ($0.14) EPS. The business’s revenue was up 7.5% compared to the same quarter last year. As a group, sell-side analysts expect that Carnival Co. & will post 1.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Carnival Co. &

Several institutional investors have recently made changes to their positions in CCL. Hartford Investment Management Co. increased its stake in Carnival Co. & by 0.6% during the 4th quarter. Hartford Investment Management Co. now owns 64,231 shares of the company’s stock worth $1,601,000 after acquiring an additional 387 shares during the period. Prestige Wealth Management Group LLC increased its position in shares of Carnival Co. & by 23.1% in the fourth quarter. Prestige Wealth Management Group LLC now owns 2,173 shares of the company’s stock worth $54,000 after purchasing an additional 408 shares during the period. Avidian Wealth Enterprises LLC increased its position in shares of Carnival Co. & by 4.6% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock worth $267,000 after purchasing an additional 468 shares during the period. Sound View Wealth Advisors Group LLC raised its stake in Carnival Co. & by 3.3% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company’s stock valued at $372,000 after purchasing an additional 475 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its position in Carnival Co. & by 1.1% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock worth $1,224,000 after purchasing an additional 521 shares during the period. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Company Profile

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.