Carnival Co. & (NYSE:CCL) PT Raised to $28.00 at Tigress Financial

Carnival Co. & (NYSE:CCL) had its target price raised by Tigress Financial from $25.00 to $28.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Tigress Financial’s price target indicates a potential upside of 48.38% from the stock’s current price.

A number of other research analysts also recently commented on CCL. Barclays boosted their target price on Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Truist Financial boosted their price target on Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft boosted their price target on Carnival Co. & from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Wednesday, June 26th. Susquehanna reaffirmed a “positive” rating and issued a $22.00 price target on shares of Carnival Co. & in a research report on Wednesday, June 26th. Finally, Stifel Nicolaus boosted their price target on Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $23.16.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $18.87 on Monday. The stock’s fifty day simple moving average is $16.60 and its 200-day simple moving average is $16.29. 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. & has a 1-year low of $10.84 and a 1-year high of $19.74. The company has a market capitalization of $21.18 billion, a price-to-earnings ratio of 29.06 and a beta of 2.69.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Monday, September 30th. The company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The firm had revenue of $7.90 billion for the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. On average, sell-side analysts predict that Carnival Co. & will post 1.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Carnival Co. &

Several large investors have recently added to or reduced their stakes in CCL. Empowered Funds LLC grew its stake in shares of Carnival Co. & by 29.4% in the 1st quarter. Empowered Funds LLC now owns 16,467 shares of the company’s stock valued at $269,000 after purchasing an additional 3,741 shares during the period. DekaBank Deutsche Girozentrale grew its stake in shares of Carnival Co. & by 72.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 246,026 shares of the company’s stock valued at $4,223,000 after purchasing an additional 103,501 shares during the period. Cetera Advisors LLC grew its stake in shares of Carnival Co. & by 38.3% in the 1st quarter. Cetera Advisors LLC now owns 40,708 shares of the company’s stock valued at $665,000 after purchasing an additional 11,276 shares during the period. Janus Henderson Group PLC grew its stake in shares of Carnival Co. & by 114.8% in the 1st quarter. Janus Henderson Group PLC now owns 179,295 shares of the company’s stock valued at $2,929,000 after purchasing an additional 95,828 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Carnival Co. & by 2.6% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 565,055 shares of the company’s stock valued at $9,228,000 after purchasing an additional 14,569 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

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.