Carnival Co. & (NYSE:CCL) Price Target Raised to $22.00

Carnival Co. & (NYSE:CCL) had its price objective raised by analysts at Loop Capital from $21.00 to $22.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Loop Capital’s target price suggests a potential downside of 6.80% from the company’s previous close.

CCL has been the subject of several other research reports. Stifel Nicolaus increased their target price on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, March 24th. Hsbc Global Res upgraded shares of Carnival Co. & from a “moderate sell” rating to a “hold” rating in a research report on Friday, May 16th. Citigroup lowered their price target on shares of Carnival Co. & from $31.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. HSBC upgraded shares of Carnival Co. & from a “reduce” rating to a “hold” rating and set a $24.00 price objective on the stock in a research report on Friday, May 16th. Finally, Macquarie cut their target price on shares of Carnival Co. & from $31.00 to $26.00 and set an “outperform” rating for the company in a research note on Friday, May 9th. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.58.

Carnival Co. & Stock Up 0.3%

Shares of Carnival Co. & stock opened at $23.61 on Tuesday. The firm’s 50 day moving average price is $19.96 and its 200-day moving average price is $22.97. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. Carnival Co. & has a 52-week low of $13.78 and a 52-week high of $28.72. The company has a market cap of $27.54 billion, a P/E ratio of 16.98, a PEG ratio of 0.73 and a beta of 2.58.

Carnival Co. & (NYSE:CCL) last released its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.11. The company had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. Carnival Co. &’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.14) EPS. On average, sell-side analysts predict that Carnival Co. & will post 1.77 EPS for the current fiscal year.

Hedge Funds Weigh In On Carnival Co. &

Institutional investors have recently added to or reduced their stakes in the stock. Measured Risk Portfolios Inc. acquired a new stake in Carnival Co. & during the 4th quarter worth approximately $29,000. Orion Capital Management LLC acquired a new position in shares of Carnival Co. & in the 4th quarter worth approximately $30,000. Crewe Advisors LLC lifted its position in shares of Carnival Co. & by 275.8% in the 4th 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. N.E.W. Advisory Services LLC acquired a new position in shares of Carnival Co. & in the 1st quarter worth approximately $25,000. Finally, Graybill Wealth Management LTD. bought a new stake in Carnival Co. & during the 1st quarter valued at $26,000. 67.19% of the stock is currently 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.