Carnival Co. & (NYSE:CCL) PT Raised to $26.00

Carnival Co. & (NYSE:CCL) had its price target upped by analysts at Barclays from $25.00 to $26.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential upside of 43.33% from the company’s current price.

CCL has been the topic of several other research reports. Mizuho increased their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday. Stifel Nicolaus increased their target price on shares of Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Morgan Stanley boosted their price target on Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a research report on Tuesday. Citigroup increased their price objective on Carnival Co. & from $18.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Finally, Susquehanna restated a “positive” rating and issued a $22.00 target price on shares of Carnival Co. & in a report on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.84.

Carnival Co. & Stock Down 1.8 %

Shares of Carnival Co. & stock traded down $0.34 during midday trading on Tuesday, hitting $18.14. The company’s stock had a trading volume of 26,307,047 shares, compared to its average volume of 29,974,980. The firm has a market capitalization of $20.36 billion, a P/E ratio of 27.95 and a beta of 2.68. Carnival Co. & has a 1-year low of $10.84 and a 1-year high of $19.74. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 3.99. The stock has a 50-day simple moving average of $16.60 and a 200-day simple moving average of $16.24.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The company had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.82 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The business’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period last year, the business earned $0.86 EPS. As a group, sell-side analysts expect that Carnival Co. & will post 1.21 earnings per share for the current year.

Institutional Trading of Carnival Co. &

Institutional investors and hedge funds have recently modified their holdings of the company. Family Firm Inc. bought a new stake in Carnival Co. & in the second quarter valued at $26,000. Hantz Financial Services Inc. bought a new stake in shares of Carnival Co. & during the second quarter worth $30,000. Richardson Capital Management LLC bought a new stake in shares of Carnival Co. & during the first quarter worth $26,000. ICA Group Wealth Management LLC bought a new stake in shares of Carnival Co. & during the fourth quarter worth $31,000. Finally, BNP Paribas bought a new stake in shares of Carnival Co. & during the first quarter worth $32,000. 67.19% of the stock is currently owned by institutional investors.

About Carnival Co. &

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.