Carnival Co. & (NYSE:CCL) Price Target Raised to $20.00

Carnival Co. & (NYSE:CCL) had its price target upped by Truist Financial from $17.00 to $20.00 in a research note published on Tuesday, Benzinga reports. They currently have a hold rating on the stock.

A number of other equities analysts have also weighed in on the company. Tigress Financial upped their target price on Carnival Co. & from $23.00 to $25.00 and gave the stock a buy rating in a research note on Wednesday, April 3rd. Wells Fargo & Company lifted their target price on shares of Carnival Co. & from $22.00 to $23.00 and gave the company an overweight rating in a research report on Friday, May 17th. UBS Group increased their price target on shares of Carnival Co. & from $20.00 to $21.00 and gave the stock a buy rating in a report on Tuesday, May 14th. Bank of America lifted their price objective on shares of Carnival Co. & from $23.00 to $24.00 and gave the stock a buy rating in a report on Thursday, June 27th. Finally, Stifel Nicolaus reduced their target price on Carnival Co. & from $26.00 to $25.00 and set a buy rating on the stock in a research note on Thursday, March 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Carnival Co. & has a consensus rating of Moderate Buy and a consensus price target of $22.11.

Carnival Co. & Stock Up 1.0 %

CCL stock opened at $17.27 on Tuesday. Carnival Co. & has a twelve month low of $10.84 and a twelve month high of $19.74. The firm has a market capitalization of $19.38 billion, a PE ratio of 26.57 and a beta of 2.68. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 3.99. The stock has a 50-day simple moving average of $16.96 and a two-hundred day simple moving average of $16.11.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.12. The business had revenue of $5.78 billion for 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%. Carnival Co. &’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.31) EPS. On average, equities analysts predict that Carnival Co. & will post 1.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Carnival Co. &

Several hedge funds have recently added to or reduced their stakes in CCL. Family Firm Inc. purchased a new stake in Carnival Co. & in the 2nd quarter valued at about $26,000. Friedenthal Financial purchased a new position in Carnival Co. & during the 4th quarter worth $28,000. Richardson Capital Management LLC acquired a new position in Carnival Co. & during the 1st quarter valued at approximately $26,000. ICA Group Wealth Management LLC acquired a new stake in shares of Carnival Co. & during the fourth quarter worth about $31,000. Finally, BNP Paribas purchased a new stake in Carnival Co. & in the first quarter valued at $32,000. 67.19% of the stock is currently owned by 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.