Citigroup Lowers Carnival Co. & (NYSE:CCL) Price Target to $30.00

Carnival Co. & (NYSE:CCL) had its target price dropped by investment analysts at Citigroup from $31.00 to $30.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 40.91% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the company. The Goldman Sachs Group boosted their price objective on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. William Blair reiterated an “outperform” rating on shares of Carnival Co. & in a research report on Monday, March 10th. Morgan Stanley lifted their target price on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, January 8th. Stifel Nicolaus upped their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Monday. Finally, Mizuho lifted their price objective on shares of Carnival Co. & from $32.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $26.72.

Carnival Co. & Stock Performance

Shares of CCL traded up $0.35 during mid-day trading on Monday, reaching $21.29. The company’s stock had a trading volume of 9,401,152 shares, compared to its average volume of 23,676,539. 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 1-year low of $13.78 and a 1-year high of $28.72. The business has a 50-day simple moving average of $24.19 and a two-hundred day simple moving average of $23.04. The stock has a market cap of $24.79 billion, a P/E ratio of 15.32, a PEG ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter last year, the firm posted ($0.14) EPS. The company’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, equities research analysts anticipate that Carnival Co. & will post 1.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Carnival Co. &

A number of institutional investors have recently added to or reduced their stakes in CCL. PKO Investment Management Joint Stock Co bought a new position in Carnival Co. & in the fourth quarter valued at about $2,243,000. Centaurus Financial Inc. bought a new position in Carnival Co. & in the 4th quarter valued at approximately $348,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Carnival Co. & during the 4th quarter worth approximately $11,249,000. Jefferies Financial Group Inc. bought a new stake in Carnival Co. & during the 4th quarter worth approximately $353,000. Finally, Advisor Resource Council bought a new position in shares of Carnival Co. & during the fourth quarter valued at $541,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

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.