Carnival Co. & (NYSE:CCL) Price Target Increased to $26.00 by Analysts at Mizuho

Carnival Co. & (NYSE:CCL) had its price target increased by equities researchers at Mizuho from $25.00 to $26.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s price objective would suggest a potential upside of 40.62% from the stock’s current price.

Several other analysts have also weighed in on CCL. Hsbc Global Res upgraded Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. Truist Financial upped their price objective on Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. Stifel Nicolaus upped their price objective on Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a report on Friday, September 20th. Susquehanna restated a “positive” rating and issued a $22.00 price objective on shares of Carnival Co. & in a report on Wednesday, June 26th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given 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 $22.78.

Carnival Co. & Trading Down 0.3 %

Shares of CCL stock opened at $18.49 on Tuesday. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28. Carnival Co. & has a 1 year low of $10.84 and a 1 year high of $19.74. The stock has a fifty day moving average of $16.60 and a two-hundred day moving average of $16.24. The firm has a market capitalization of $20.75 billion, a PE ratio of 28.45 and a beta of 2.68.

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, topping analysts’ consensus estimates of $1.17 by $0.10. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The company had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.82 billion. During the same quarter in the previous year, the firm posted $0.86 EPS. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. As a group, research analysts expect that Carnival Co. & will post 1.21 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Richardson Capital Management LLC acquired a new position in Carnival Co. & in the 1st quarter worth about $26,000. Family Firm Inc. acquired a new position in Carnival Co. & in the 2nd quarter worth about $26,000. Hantz Financial Services Inc. bought a new stake in shares of Carnival Co. & during the 2nd quarter worth about $30,000. ICA Group Wealth Management LLC bought a new stake in shares of Carnival Co. & during the 4th quarter worth about $31,000. Finally, BNP Paribas bought a new stake in shares of Carnival Co. & during the 1st quarter worth about $32,000. 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.