Carnival Co. & (NYSE:CCL) Price Target Raised to $27.00

Carnival Co. & (NYSE:CCL) had its price target upped by Stifel Nicolaus from $25.00 to $27.00 in a report released on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also recently issued reports about the company. Mizuho raised their price objective on Carnival Co. & from $22.00 to $25.00 and gave the stock an outperform rating in a research note on Thursday. Bank of America raised their price target on Carnival Co. & from $23.00 to $24.00 and gave the company a buy rating in a report on Thursday, June 27th. Morgan Stanley lifted their target price on Carnival Co. & from $13.50 to $15.00 and gave the stock an underweight rating in a report on Wednesday, August 7th. Argus lifted their target price on Carnival Co. & from $20.00 to $25.00 and gave the stock a buy rating in a report on Thursday, June 27th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Carnival Co. & from $18.00 to $19.00 and gave the stock a hold rating in a research note on Wednesday, June 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Carnival Co. & presently has a consensus rating of Moderate Buy and a consensus target price of $22.63.

Carnival Co. & Stock Up 1.3 %

CCL opened at $19.00 on Friday. The firm has a 50 day moving average price of $16.59 and a 200 day moving average price of $16.14. The company has a market cap of $21.33 billion, a PE ratio of 29.23 and a beta of 2.68. Carnival Co. & has a 1 year low of $10.84 and a 1 year high of $19.74. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28.

Carnival Co. & (NYSE:CCL) last released its quarterly 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 firm had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $5.68 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. Carnival Co. &’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.31) EPS. Sell-side analysts expect that Carnival Co. & will post 1.19 earnings per share for the current year.

Institutional Trading of Carnival Co. &

Hedge funds have recently made changes to their positions in the business. Richardson Capital Management LLC acquired a new position in Carnival Co. & in the 1st quarter valued at $26,000. Family Firm Inc. bought a new stake in Carnival Co. & during the 2nd quarter worth $26,000. Hantz Financial Services Inc. bought a new stake in Carnival Co. & during the 2nd quarter worth $30,000. ICA Group Wealth Management LLC bought a new stake in Carnival Co. & during the 4th quarter worth $31,000. Finally, BNP Paribas bought a new stake in Carnival Co. & during the 1st quarter worth $32,000. 67.19% of the stock is owned by institutional investors and hedge funds.

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.