Morgan Stanley Raises Carnival Co. & (NYSE:CCL) Price Target to $15.00

Carnival Co. & (NYSE:CCL) had its price target lifted by equities researchers at Morgan Stanley from $13.50 to $15.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Morgan Stanley’s price objective suggests a potential upside of 5.41% from the stock’s current price.

A number of other equities analysts also recently issued reports on CCL. Citigroup upped their price target on Carnival Co. & from $18.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Wells Fargo & Company increased their price objective on Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, May 17th. Truist Financial raised their target price on shares of Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. upped their price target on shares of Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Finally, Bank of America raised their price objective on shares of Carnival Co. & from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.33.

Carnival Co. & Stock Down 2.1 %

Shares of CCL stock traded down $0.31 during trading hours on Wednesday, reaching $14.23. 15,054,782 shares of the stock were exchanged, compared to its average volume of 30,765,127. The business’s fifty day moving average is $17.00 and its two-hundred day moving average is $16.02. The firm has a market capitalization of $15.97 billion, a P/E ratio of 22.11 and a beta of 2.68. Carnival Co. & has a 12-month low of $10.84 and a 12-month 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 0.24.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. The business had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.68 billion. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The company’s revenue was up 17.7% on a year-over-year basis. During the same period last year, the business earned ($0.31) EPS. As a group, research analysts expect that Carnival Co. & will post 1.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Carnival Co. &

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Carnival Co. & by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 113,163,718 shares of the company’s stock valued at $2,098,055,000 after purchasing an additional 559,038 shares during the period. Dimensional Fund Advisors LP boosted its position in Carnival Co. & by 19.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,123,585 shares of the company’s stock valued at $95,001,000 after buying an additional 844,014 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in Carnival Co. & by 16.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 4,697,626 shares of the company’s stock valued at $87,094,000 after buying an additional 652,798 shares during the last quarter. Earnest Partners LLC grew its stake in shares of Carnival Co. & by 12.5% during the first quarter. Earnest Partners LLC now owns 4,567,402 shares of the company’s stock valued at $74,631,000 after acquiring an additional 507,045 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its position in shares of Carnival Co. & by 210.1% during the fourth quarter. Point72 Asset Management L.P. now owns 3,894,286 shares of the company’s stock worth $72,200,000 after acquiring an additional 2,638,564 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

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.