Carnival Co. & (NYSE:CCL) Price Target Raised to $19.00

Carnival Co. & (NYSE:CCL) had its price target hoisted by Deutsche Bank Aktiengesellschaft from $18.00 to $19.00 in a research report report published on Wednesday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Other equities analysts have also recently issued reports about the company. Mizuho began coverage on Carnival Co. & in a report on Tuesday, March 26th. They set a buy rating and a $21.00 price objective for the company. Wells Fargo & Company boosted their price objective on shares of Carnival Co. & from $22.00 to $23.00 and gave the stock an overweight rating in a research report on Friday, May 17th. Stifel Nicolaus dropped their target price on shares of Carnival Co. & from $26.00 to $25.00 and set a buy rating for the company in a report on Thursday, March 28th. William Blair restated an outperform rating on shares of Carnival Co. & in a research report on Monday, April 22nd. Finally, JPMorgan Chase & Co. increased their price target on shares of Carnival Co. & from $22.00 to $23.00 and gave the company an overweight rating in a research report on Thursday, March 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $22.00.

Carnival Co. & Stock Performance

NYSE:CCL opened at $18.72 on Wednesday. The company has a quick ratio of 0.32, a current ratio of 0.28 and a debt-to-equity ratio of 3.99. Carnival Co. & has a fifty-two week low of $10.84 and a fifty-two week high of $19.74. The firm’s fifty day simple moving average is $15.64 and its 200-day simple moving average is $16.13. The stock has a market cap of $21.01 billion, a PE ratio of 28.80 and a beta of 2.57.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.12. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The company had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.68 billion. During the same period in the prior year, the business posted ($0.31) earnings per share. The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. Analysts expect that Carnival Co. & will post 1.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Carnival Co. &

Several hedge funds have recently modified their holdings of the stock. Richardson Capital Management LLC purchased a new position in Carnival Co. & during the first quarter worth approximately $26,000. Friedenthal Financial acquired a new stake in shares of Carnival Co. & during the 4th quarter worth $28,000. ICA Group Wealth Management LLC acquired a new stake in shares of Carnival Co. & during the 4th quarter worth $31,000. BNP Paribas purchased a new position in shares of Carnival Co. & in the 1st quarter worth $32,000. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in Carnival Co. & by 67.2% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock valued at $34,000 after acquiring an additional 739 shares during the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Company Profile

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.