Stifel Nicolaus Issues Positive Forecast for Carnival Co. & (NYSE:CCL) Stock Price

Carnival Co. & (NYSE:CCL) had its target price hoisted by Stifel Nicolaus from $30.00 to $31.00 in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other research analysts also recently issued reports about the stock. Sanford C. Bernstein assumed coverage on shares of Carnival Co. & in a research report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 target price on the stock. Mizuho raised their price objective on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Barclays boosted their target price on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. Morgan Stanley raised their price target on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 8th. Finally, William Blair reiterated an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.72.

Carnival Co. & Trading Up 2.5 %

NYSE:CCL opened at $21.46 on Monday. Carnival Co. & has a 1 year low of $13.78 and a 1 year high of $28.72. The stock has a market cap of $24.98 billion, a P/E ratio of 15.44, a P/E/G ratio of 0.73 and a beta of 2.66. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The stock has a 50-day simple moving average of $24.14 and a 200-day simple moving average of $23.07.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.11. The firm had revenue of $5.81 billion during the quarter, compared to analysts’ expectations of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.14) earnings per share. As a group, analysts anticipate that Carnival Co. & will post 1.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Carnival Co. & by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company’s stock valued at $2,918,022,000 after purchasing an additional 4,458,329 shares in the last quarter. State Street Corp lifted its holdings in shares of Carnival Co. & by 5.9% in the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company’s stock valued at $765,563,000 after buying an additional 2,301,906 shares during the period. Geode Capital Management LLC boosted its stake in shares of Carnival Co. & by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 25,228,416 shares of the company’s stock valued at $627,053,000 after buying an additional 1,201,256 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in Carnival Co. & by 33.7% during the fourth quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company’s stock worth $569,423,000 after acquiring an additional 5,761,489 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in Carnival Co. & by 4.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,649,543 shares of the company’s stock worth $464,747,000 after acquiring an additional 877,694 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

About Carnival Co. &

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.