Carnival Co. & (NYSE:CCL) PT Raised to $22.00 at Citigroup

Carnival Co. & (NYSE:CCL) had its price objective hoisted by Citigroup from $18.00 to $22.00 in a research note published on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also recently commented on CCL. UBS Group boosted their target price on Carnival Co. & from $20.00 to $21.00 and gave the company a buy rating in a research note on Tuesday, May 14th. Macquarie boosted their target price on Carnival Co. & from $22.00 to $24.00 and gave the company an outperform rating in a research note on Thursday, March 28th. Argus cut their target price on Carnival Co. & from $23.00 to $20.00 and set a buy rating on the stock in a research note on Monday, April 1st. Wells Fargo & Company boosted their target price on Carnival Co. & from $22.00 to $23.00 and gave the company an overweight rating in a research note on Friday, May 17th. Finally, Tigress Financial boosted their target price on Carnival Co. & from $23.00 to $25.00 and gave the company a buy rating in a research note on Wednesday, April 3rd. One investment 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. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $22.00.

Carnival Co. & Trading Up 0.6 %

NYSE:CCL opened at $18.72 on Wednesday. Carnival Co. & has a fifty-two week low of $10.84 and a fifty-two week high of $19.74. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.32. The stock has a market capitalization of $21.01 billion, a PE ratio of 28.80 and a beta of 2.57. The business’s 50-day simple moving average is $15.64 and its 200-day simple moving average is $16.13.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.12. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The business had revenue of $5.78 billion for the quarter, compared to analysts’ expectations of $5.68 billion. During the same quarter in the previous year, the business posted ($0.31) EPS. Carnival Co. &’s revenue for the quarter was up 17.7% on a year-over-year basis. Sell-side analysts expect that Carnival Co. & will post 1.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. TCW Group Inc. acquired a new position in shares of Carnival Co. & during the 4th quarter worth approximately $280,000. Merit Financial Group LLC increased its holdings in shares of Carnival Co. & by 29.4% during the 4th quarter. Merit Financial Group LLC now owns 12,956 shares of the company’s stock worth $240,000 after acquiring an additional 2,944 shares during the last quarter. Great Valley Advisor Group Inc. increased its holdings in shares of Carnival Co. & by 5.7% during the 4th quarter. Great Valley Advisor Group Inc. now owns 18,066 shares of the company’s stock worth $335,000 after acquiring an additional 981 shares during the last quarter. AGF Management Ltd. acquired a new position in shares of Carnival Co. & during the 4th quarter worth approximately $435,000. Finally, Bellwether Advisors LLC acquired a new position in Carnival Co. & in the 4th quarter valued at $1,368,000. 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.