Carnival Co. & (NYSE:CCL) PT Raised to $25.00

Carnival Co. & (NYSE:CCL) had its target price raised by Argus from $20.00 to $25.00 in a research report report published on Thursday morning, Benzinga reports. Argus currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. Barclays lifted their price target on shares of Carnival Co. & from $24.00 to $25.00 and gave the stock an overweight rating in a report on Thursday, March 28th. William Blair reiterated an outperform rating on shares of Carnival Co. & in a research report on Monday, April 22nd. The Goldman Sachs Group began coverage on Carnival Co. & in a research report on Wednesday, March 13th. They set a buy rating and a $20.00 price objective for the company. Wells Fargo & Company upped their target price on Carnival Co. & from $22.00 to $23.00 and gave the company an overweight rating in a report on Friday, May 17th. Finally, Susquehanna restated a positive rating and set a $22.00 price target on shares of Carnival Co. & in a report on Wednesday. One analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $22.00.

Carnival Co. & Price Performance

Shares of CCL stock opened at $18.72 on Thursday. The business has a fifty day simple moving average of $15.64 and a 200 day simple moving average of $16.13. The company has a market cap of $21.01 billion, a P/E ratio of 28.80 and a beta of 2.57. 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 twelve month low of $10.84 and a twelve month high of $19.74.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.12. The business had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $5.68 billion. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.31) EPS. On average, sell-side analysts forecast that Carnival Co. & will post 1.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Carnival Co. &

Several large investors have recently bought and sold shares of CCL. Point72 Asset Management L.P. raised its holdings in shares of Carnival Co. & by 210.1% in the fourth quarter. Point72 Asset Management L.P. now owns 3,894,286 shares of the company’s stock valued at $72,200,000 after purchasing an additional 2,638,564 shares during the last quarter. Norges Bank purchased a new stake in Carnival Co. & in the 4th quarter valued at about $40,236,000. Goldentree Asset Management LP purchased a new stake in Carnival Co. & in the 1st quarter valued at about $31,917,000. International Assets Investment Management LLC lifted its position in shares of Carnival Co. & by 1,589.4% during the 4th quarter. International Assets Investment Management LLC now owns 1,789,351 shares of the company’s stock worth $331,750,000 after buying an additional 1,683,434 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Carnival Co. & in the 1st quarter worth approximately $27,302,000. 67.19% of the stock is currently owned by institutional investors.

About Carnival Co. &

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.