Carnival Co. & (NYSE:CCL) PT Raised to $24.00

Carnival Co. & (NYSE:CCL) had its price target increased by equities researchers at Bank of America from $23.00 to $24.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s target price would indicate a potential upside of 28.21% from the stock’s current price.

CCL has been the subject of a number of other reports. William Blair reissued an “outperform” rating on shares of Carnival Co. & in a research report on Monday, April 22nd. Barclays lifted their price objective on Carnival Co. & from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Tigress Financial lifted their price objective on Carnival Co. & from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Macquarie boosted their target price on Carnival Co. & from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Finally, Susquehanna reaffirmed a “positive” rating and set a $22.00 price target on shares of Carnival Co. & in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $22.00.

Carnival Co. & Trading Up 0.6 %

Shares of NYSE:CCL opened at $18.72 on Thursday. Carnival Co. & has a 1 year low of $10.84 and a 1 year high of $19.74. The firm has a market capitalization of $21.01 billion, a price-to-earnings ratio of 28.80 and a beta of 2.57. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.32. The business’s 50 day moving average price is $15.64 and its 200-day moving average price is $16.14.

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. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The company had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.68 billion. During the same quarter last year, the firm posted ($0.31) EPS. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. On average, equities research analysts forecast that Carnival Co. & will post 1.19 earnings per share for the current fiscal year.

Institutional Trading of Carnival Co. &

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

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.