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

Carnival Co. & (NYSE:CCL) had its price objective upped by Argus from $20.00 to $25.00 in a research note issued to investors on Thursday morning, Benzinga reports. Argus currently has a buy rating on the stock.

CCL has been the subject of a number of other reports. Wells Fargo & Company lifted 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. Barclays lifted their target price on Carnival Co. & from $24.00 to $25.00 and gave the stock an overweight rating in a research report on Thursday, March 28th. Susquehanna reissued a positive rating and set a $22.00 price target on shares of Carnival Co. & in a research report on Wednesday. Citigroup lifted their price objective on shares of Carnival Co. & from $18.00 to $22.00 and gave the stock a buy rating in a report on Wednesday. Finally, Tigress Financial increased their target price on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock a buy rating in a report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $22.00.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $18.60 on Thursday. Carnival Co. & has a 12 month low of $10.84 and a 12 month high of $19.74. The firm has a market capitalization of $20.88 billion, a P/E ratio of 28.34 and a beta of 2.57. The company has a debt-to-equity ratio of 4.27, a current ratio of 0.36 and a quick ratio of 0.32. The company’s fifty day moving average price is $15.46 and its two-hundred day moving average price is $16.12.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. The company had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.68 billion. Carnival Co. & had a return on equity of 15.20% and a net margin of 3.86%. Carnival Co. &’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.31) EPS. On average, research analysts anticipate that Carnival Co. & will post 1.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Carnival Co. &

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Richardson Capital Management LLC bought a new stake in shares of Carnival Co. & during the 1st quarter worth about $26,000. Friedenthal Financial bought a new stake in Carnival Co. & during the fourth quarter worth approximately $28,000. ICA Group Wealth Management LLC acquired a new stake in Carnival Co. & in the fourth quarter worth approximately $31,000. BNP Paribas bought a new position in Carnival Co. & during the 1st quarter valued at $32,000. Finally, Massmutual Trust Co. FSB ADV increased its position 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 valued at $34,000 after purchasing an additional 739 shares during the period. 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.