Carnival Co. & (NYSE:CCL) PT Raised to $16.50 at Morgan Stanley

Carnival Co. & (NYSE:CCL) had its price objective boosted by equities research analysts at Morgan Stanley from $15.00 to $16.50 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Morgan Stanley’s target price would indicate a potential downside of 10.76% from the company’s current price.

Several other research firms have also recently commented on CCL. Bank of America increased their target price on Carnival Co. & from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Argus boosted their price objective on Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Susquehanna reaffirmed a “positive” rating and set a $22.00 target price on shares of Carnival Co. & in a report on Wednesday, June 26th. Deutsche Bank Aktiengesellschaft boosted their price target on Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday, June 26th. Finally, Stifel Nicolaus raised their price objective on Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $22.72.

Carnival Co. & Trading Down 0.3 %

Shares of CCL opened at $18.49 on Tuesday. Carnival Co. & has a twelve month low of $10.84 and a twelve month high of $19.74. The firm has a market capitalization of $20.75 billion, a P/E ratio of 28.45 and a beta of 2.68. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 3.99. The stock’s fifty day simple moving average is $16.60 and its 200 day simple moving average is $16.24.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.10. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The firm had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same period in the prior year, the firm earned $0.86 EPS. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. On average, equities research analysts forecast that Carnival Co. & will post 1.21 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Sanctuary Advisors LLC bought a new position in Carnival Co. & in the 2nd quarter valued at about $624,000. New Century Financial Group LLC boosted its holdings in shares of Carnival Co. & by 9.0% in the second quarter. New Century Financial Group LLC now owns 71,782 shares of the company’s stock valued at $1,344,000 after acquiring an additional 5,930 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new position in shares of Carnival Co. & during the second quarter valued at approximately $1,026,000. Hershey Financial Advisers LLC bought a new stake in Carnival Co. & during the second quarter worth approximately $1,814,000. Finally, EP Wealth Advisors LLC lifted its position in Carnival Co. & by 14.5% in the second quarter. EP Wealth Advisors LLC now owns 16,603 shares of the company’s stock worth $311,000 after purchasing an additional 2,106 shares during the period. 67.19% of the stock is owned by institutional investors and hedge funds.

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.