Carnival Co. & (NYSE:CCL) Stock Price Expected to Rise, Tigress Financial Analyst Says

Carnival Co. & (NYSE:CCL) had its price target hoisted by investment analysts at Tigress Financial from $28.00 to $32.00 in a report released on Wednesday, MarketBeat Ratings reports. The firm currently has a “strong-buy” rating on the stock. Tigress Financial’s price target points to a potential upside of 53.88% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Mizuho lifted their target price on shares of Carnival Co. & from $32.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday. Barclays lifted their price objective on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Truist Financial increased their target price on Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. The Goldman Sachs Group raised their price target on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, William Blair reaffirmed 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 issued a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.89.

Carnival Co. & Price Performance

CCL stock opened at $20.80 on Wednesday. The stock’s 50 day moving average price is $23.91 and its 200 day moving average price is $23.08. The firm has a market cap of $24.21 billion, a P/E ratio of 14.96, a PEG 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. Carnival Co. & has a 1 year low of $13.78 and a 1 year high of $28.72.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. The business had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.14) earnings per share. On average, sell-side analysts expect that Carnival Co. & will post 1.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Carnival Co. &

Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC lifted its position in shares of Carnival Co. & by 186.6% during the fourth quarter. FMR LLC now owns 9,898,906 shares of the company’s stock worth $246,681,000 after purchasing an additional 6,444,444 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in Carnival Co. & by 33.7% in the 4th quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company’s stock worth $569,423,000 after buying an additional 5,761,489 shares in the last quarter. Vanguard Group Inc. boosted its position 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 buying an additional 4,458,329 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in shares of Carnival Co. & during the fourth quarter valued at about $100,845,000. Finally, AQR Capital Management LLC increased its position in shares of Carnival Co. & by 228.8% during the fourth quarter. AQR Capital Management LLC now owns 4,689,305 shares of the company’s stock worth $116,857,000 after acquiring an additional 3,263,204 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

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.