Carnival Co. & (NYSE:CCL) Price Target Raised to $33.00

Carnival Co. & (NYSE:CCL) had its price target hoisted by Mizuho from $32.00 to $33.00 in a research note issued to investors on Monday,Benzinga reports. Mizuho currently has an outperform rating on the stock.

Several other equities research analysts have also weighed in on the stock. Morgan Stanley increased their price objective on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 8th. Sanford C. Bernstein began coverage on Carnival Co. & in a research report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price target on the stock. William Blair reissued an “outperform” rating on shares of Carnival Co. & in a report on Monday, March 10th. Wells Fargo & Company lifted their price target on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Finally, Loop Capital dropped their target price on Carnival Co. & from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Monday. One investment 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.com, Carnival Co. & has a consensus rating of “Moderate Buy” and a consensus target price of $26.94.

Carnival Co. & Price Performance

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

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

Hedge Funds Weigh In On Carnival Co. &

Institutional investors have recently modified their holdings of the stock. Measured Risk Portfolios Inc. bought a new position in Carnival Co. & during the fourth quarter worth about $29,000. Crewe Advisors LLC raised its position in shares of Carnival Co. & by 275.8% during the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after purchasing an additional 888 shares during the period. Orion Capital Management LLC bought a new position in shares of Carnival Co. & during the 4th quarter valued at about $30,000. New Wave Wealth Advisors LLC acquired a new position in shares of Carnival Co. & in the 4th quarter valued at approximately $34,000. Finally, Millstone Evans Group LLC acquired a new position in shares of Carnival Co. & in the 4th quarter valued at approximately $34,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

About Carnival Co. &

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.