Carnival Co. & (NYSE:CCL) Price Target Increased to $19.00 by Analysts at Deutsche Bank Aktiengesellschaft

Carnival Co. & (NYSE:CCL) had its price target lifted by Deutsche Bank Aktiengesellschaft from $18.00 to $19.00 in a research report released on Wednesday, Benzinga reports. The brokerage currently has a hold rating on the stock.

CCL has been the topic of several other research reports. Wells Fargo & Company increased their price objective on Carnival Co. & from $22.00 to $23.00 and gave the stock an overweight rating in a research note on Friday, May 17th. Barclays lifted their price objective on Carnival Co. & from $24.00 to $25.00 and gave the company an overweight rating in a report on Thursday, March 28th. William Blair reiterated an outperform rating on shares of Carnival Co. & in a report on Monday, April 22nd. JPMorgan Chase & Co. boosted their price target on shares of Carnival Co. & from $22.00 to $23.00 and gave the company an overweight rating in a report on Thursday, March 28th. Finally, Susquehanna reiterated a positive rating and set a $22.00 price objective on shares of Carnival Co. & in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Carnival Co. & presently has a consensus rating of Moderate Buy and a consensus price target of $22.00.

Carnival Co. & Stock Up 0.6 %

NYSE:CCL opened at $18.72 on Wednesday. The stock has a fifty day simple moving average of $15.64 and a 200-day simple moving average of $16.13. The company has a current ratio of 0.28, a quick ratio of 0.32 and a debt-to-equity ratio of 3.99. The company has a market cap of $21.01 billion, a price-to-earnings ratio of 28.80 and a beta of 2.57. Carnival Co. & has a twelve month low of $10.84 and a twelve month high of $19.74.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. The company had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.68 billion. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.31) EPS. Analysts anticipate that Carnival Co. & will post 1.19 EPS for the current year.

Hedge Funds Weigh In On Carnival Co. &

Hedge funds and other institutional investors have recently modified their holdings of the stock. TCW Group Inc. acquired a new stake in Carnival Co. & during the 4th quarter worth about $280,000. Merit Financial Group LLC boosted its position in Carnival Co. & by 29.4% in the fourth quarter. Merit Financial Group LLC now owns 12,956 shares of the company’s stock valued at $240,000 after buying an additional 2,944 shares during the last quarter. Great Valley Advisor Group Inc. increased its holdings in Carnival Co. & by 5.7% in the 4th quarter. Great Valley Advisor Group Inc. now owns 18,066 shares of the company’s stock worth $335,000 after buying an additional 981 shares during the period. AGF Management Ltd. purchased a new position in Carnival Co. & during the 4th quarter worth approximately $435,000. Finally, Bellwether Advisors LLC acquired a new stake in Carnival Co. & during the 4th quarter valued at approximately $1,368,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

About Carnival Co. &

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.