Carnival Co. & (NYSE:CCL) Stock Price Expected to Rise, Barclays Analyst Says

Carnival Co. & (NYSE:CCL) had its target price lifted by stock analysts at Barclays from $26.00 to $30.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target indicates a potential upside of 25.87% from the company’s current price.

Other research analysts have also issued reports about the stock. Mizuho upped their target price on shares of Carnival Co. & from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, March 24th. Loop Capital upped their price objective on Carnival Co. & from $21.00 to $22.00 and gave the stock a “hold” rating in a report on Tuesday, June 3rd. Hsbc Global Res raised Carnival Co. & from a “moderate sell” rating to a “hold” rating in a report on Friday, May 16th. BNP Paribas began coverage on Carnival Co. & in a research report on Thursday, March 27th. They issued an “outperform” rating and a $26.00 target price for the company. Finally, Stifel Nicolaus increased their price target on shares of Carnival Co. & from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, June 11th. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $26.79.

Carnival Co. & Price Performance

Shares of NYSE CCL opened at $23.83 on Tuesday. The stock’s 50-day simple moving average is $21.06 and its two-hundred day simple moving average is $22.89. Carnival Co. & has a twelve month low of $13.78 and a twelve month high of $28.72. The firm has a market capitalization of $27.80 billion, a P/E ratio of 17.15, a P/E/G ratio of 0.73 and a beta of 2.58. 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. & (NYSE:CCL) last posted its quarterly earnings data 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. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company had revenue of $5.81 billion for the quarter, compared to analysts’ expectations of $5.74 billion. During the same period in the prior year, the business earned ($0.14) earnings per share. Carnival Co. &’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, equities analysts anticipate that Carnival Co. & will post 1.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. N.E.W. Advisory Services LLC bought a new stake in shares of Carnival Co. & in the 1st quarter worth approximately $25,000. Graybill Wealth Management LTD. purchased a new stake in shares of Carnival Co. & in the 1st quarter worth about $26,000. Measured Risk Portfolios Inc. bought a new stake in shares of Carnival Co. & during the 4th quarter valued at about $29,000. Orion Capital Management LLC purchased a new position in shares of Carnival Co. & during the fourth quarter valued at about $30,000. Finally, Banque Transatlantique SA bought a new position in Carnival Co. & in the first quarter worth about $33,000. Institutional investors own 67.19% of the company’s stock.

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.