Citigroup Lowers Carnival Co. & (NYSE:CCL) Price Target to $30.00

Carnival Co. & (NYSE:CCL) had its price target cut by research analysts at Citigroup from $31.00 to $30.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 41.18% from the company’s current price.

A number of other research firms also recently issued reports on CCL. Morgan Stanley boosted their price target on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, January 8th. Wells Fargo & Company upped their target price on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Sanford C. Bernstein began coverage on shares of Carnival Co. & in a research note on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price target on the stock. Stifel Nicolaus upped their price objective on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Barclays raised their target price on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.72.

Carnival Co. & Stock Down 0.9 %

Shares of Carnival Co. & stock opened at $21.25 on Monday. Carnival Co. & has a twelve month low of $13.78 and a twelve month high of $28.72. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The company’s 50 day moving average is $24.07 and its 200 day moving average is $23.11. The company has a market cap of $24.74 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66.

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

Institutional Trading of Carnival Co. &

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC increased its holdings in shares of Carnival Co. & by 8.8% in the third quarter. Empowered Funds LLC now owns 16,975 shares of the company’s stock worth $314,000 after purchasing an additional 1,367 shares during the last quarter. Caprock Group LLC purchased a new position in Carnival Co. & during the 3rd quarter valued at approximately $201,000. PNC Financial Services Group Inc. increased its stake in Carnival Co. & by 3.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 191,834 shares of the company’s stock worth $3,545,000 after acquiring an additional 6,283 shares during the last quarter. Avior Wealth Management LLC raised its holdings in shares of Carnival Co. & by 50.7% during the 3rd quarter. Avior Wealth Management LLC now owns 2,747 shares of the company’s stock worth $51,000 after acquiring an additional 924 shares in the last quarter. Finally, Commerce Bank boosted its position in shares of Carnival Co. & by 5.1% during the 3rd quarter. Commerce Bank now owns 21,485 shares of the company’s stock valued at $397,000 after acquiring an additional 1,035 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors.

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.