Carnival Co. & (NYSE:CCL) Given New $21.00 Price Target at Loop Capital

Carnival Co. & (NYSE:CCL) had its price objective cut by Loop Capital from $25.00 to $21.00 in a report published on Monday morning,Benzinga reports. They currently have a hold rating on the stock.

Other research analysts have also recently issued reports about the stock. Stifel Nicolaus increased their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Monday. Citigroup increased their target price on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Truist Financial boosted their price target on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. Finally, Mizuho boosted their target price on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Carnival Co. & currently has an average rating of “Moderate Buy” and an average target price of $26.94.

Carnival Co. & Stock Performance

NYSE CCL opened at $20.92 on Monday. Carnival Co. & has a 52-week low of $13.78 and a 52-week high of $28.72. The company has a fifty day moving average of $23.99 and a 200-day moving average of $23.10. The company has a market capitalization of $24.35 billion, a P/E ratio of 15.05, a P/E/G ratio of 0.73 and a beta of 2.66. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. The business had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.14) earnings per share. As a group, equities research analysts predict that Carnival Co. & will post 1.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CCL. Hartford Investment Management Co. increased its position in shares of Carnival Co. & by 0.6% during the fourth quarter. Hartford Investment Management Co. now owns 64,231 shares of the company’s stock valued at $1,601,000 after buying an additional 387 shares during the period. Prestige Wealth Management Group LLC boosted its position in Carnival Co. & by 23.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 2,173 shares of the company’s stock valued at $54,000 after acquiring an additional 408 shares in the last quarter. Avidian Wealth Enterprises LLC grew its holdings in shares of Carnival Co. & by 4.6% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock worth $267,000 after acquiring an additional 468 shares during the period. Sound View Wealth Advisors Group LLC raised its position in shares of Carnival Co. & by 3.3% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company’s stock worth $372,000 after acquiring an additional 475 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its stake in shares of Carnival Co. & by 1.1% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock valued at $1,224,000 after purchasing an additional 521 shares during the period. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Company Profile

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.