Carnival Co. & (NYSE:CCL) Price Target Raised to $31.00

Carnival Co. & (NYSE:CCL) had its price target boosted by Stifel Nicolaus from $30.00 to $31.00 in a research report released on Monday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other equities research analysts also recently issued reports on the stock. Loop Capital assumed coverage on shares of Carnival Co. & in a research note on Tuesday, February 4th. They set a “hold” rating and a $25.00 price target on the stock. Barclays lifted their target price on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. William Blair reissued an “outperform” rating on shares of Carnival Co. & in a report on Monday, March 10th. Truist Financial lifted their price objective on Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Finally, Sanford C. Bernstein started coverage on Carnival Co. & in a research note on Tuesday, November 26th. They set a “market perform” rating and a $26.00 target price for the company. 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 stock. According to data from MarketBeat, Carnival Co. & currently has a consensus rating of “Moderate Buy” and an average target price of $26.94.

Carnival Co. & Price Performance

Shares of NYSE CCL opened at $20.92 on Monday. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. Carnival Co. & has a 1-year low of $13.78 and a 1-year high of $28.72. The company has a market capitalization of $24.35 billion, a price-to-earnings ratio of 15.05, a PEG ratio of 0.73 and a beta of 2.66. The business has a 50-day moving average of $23.99 and a 200-day moving average of $23.10.

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, topping analysts’ consensus estimates of $0.02 by $0.11. The firm had revenue of $5.81 billion during the quarter, compared to analysts’ expectations of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. Carnival Co. &’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.14) EPS. On average, equities analysts anticipate that Carnival Co. & will post 1.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CCL. Nisa Investment Advisors LLC raised its stake in Carnival Co. & by 1.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company’s stock worth $4,384,000 after acquiring an additional 1,678 shares during the period. Illinois Municipal Retirement Fund grew its holdings in shares of Carnival Co. & by 153.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company’s stock valued at $8,386,000 after purchasing an additional 203,710 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Carnival Co. & by 26.6% during the 4th quarter. Private Advisor Group LLC now owns 86,837 shares of the company’s stock worth $2,164,000 after purchasing an additional 18,269 shares during the period. Convergence Investment Partners LLC lifted its holdings in shares of Carnival Co. & by 54.4% in the 4th quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company’s stock worth $1,002,000 after purchasing an additional 14,165 shares during the last quarter. Finally, Cerity Partners LLC boosted its position in Carnival Co. & by 181.7% during the 3rd quarter. Cerity Partners LLC now owns 123,815 shares of the company’s stock valued at $2,288,000 after purchasing an additional 79,857 shares during the period. 67.19% of the stock is owned by institutional investors and hedge funds.

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.