Carnival Co. & (NYSE:CCL) Price Target Increased to $25.00 by Analysts at Argus

Carnival Co. & (NYSE:CCL) had its price target lifted by Argus from $20.00 to $25.00 in a report released on Thursday, Benzinga reports. Argus currently has a buy rating on the stock.

A number of other equities research analysts also recently commented on the company. Tigress Financial raised their target price on Carnival Co. & from $23.00 to $25.00 and gave the company a buy rating in a report on Wednesday, April 3rd. Barclays upped their target price on shares of Carnival Co. & from $24.00 to $25.00 and gave the stock an overweight rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. lifted their price target on shares of Carnival Co. & from $22.00 to $23.00 and gave the company an overweight rating in a research report on Thursday, March 28th. Wells Fargo & Company boosted their price target on Carnival Co. & from $22.00 to $23.00 and gave the stock an overweight rating in a research note on Friday, May 17th. Finally, The Goldman Sachs Group assumed coverage on Carnival Co. & in a research note on Wednesday, March 13th. They set a buy rating and a $20.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $21.83.

Carnival Co. & Trading Up 0.6 %

Shares of Carnival Co. & stock opened at $18.72 on Thursday. The company has a market capitalization of $21.01 billion, a P/E ratio of 28.80 and a beta of 2.57. The company’s fifty day moving average is $15.64 and its two-hundred day moving average is $16.11. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.32 and a current ratio of 0.28. Carnival Co. & has a 1 year low of $10.84 and a 1 year high of $19.74.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. The firm had revenue of $5.78 billion during the quarter, compared to the consensus estimate 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 was up 17.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.31) earnings per share. Analysts forecast that Carnival Co. & will post 1.19 earnings per share for the current year.

Institutional Trading of Carnival Co. &

Institutional investors and hedge funds have recently made changes to their positions in the company. Richardson Capital Management LLC acquired a new stake in shares of Carnival Co. & during the 1st quarter worth $26,000. Friedenthal Financial acquired a new stake in shares of Carnival Co. & during the 4th quarter worth $28,000. ICA Group Wealth Management LLC acquired a new stake in shares of Carnival Co. & during the 4th quarter worth $31,000. BNP Paribas acquired a new stake in shares of Carnival Co. & during the 1st quarter worth $32,000. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of Carnival Co. & by 67.2% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock worth $34,000 after buying an additional 739 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Company Profile

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.