Citigroup Boosts Carnival Co. & (NYSE:CCL) Price Target to $28.00

Carnival Co. & (NYSE:CCL) had its price target lifted by equities research analysts at Citigroup from $25.00 to $28.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s target price would indicate a potential upside of 38.61% from the company’s previous close.

A number of other research firms have also issued reports on CCL. Mizuho raised their target price on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st. Argus raised their price objective on shares of Carnival Co. & from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Truist Financial boosted their target price on shares of Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. Barclays increased their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Finally, Tigress Financial boosted their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.53.

Carnival Co. & Stock Up 7.0 %

NYSE CCL traded up $1.33 during trading on Wednesday, hitting $20.20. 70,811,563 shares of the company traded hands, compared to its average volume of 30,333,832. The business has a fifty day simple moving average of $16.63 and a 200 day simple moving average of $16.30. Carnival Co. & has a 12 month low of $10.84 and a 12 month high of $20.45. 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 company has a market capitalization of $22.67 billion, a P/E ratio of 31.08 and a beta of 2.69.

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

Hedge Funds Weigh In On Carnival Co. &

Hedge funds and other institutional investors have recently modified their holdings of the stock. Richardson Capital Management LLC acquired a new position in Carnival Co. & during the first quarter worth $26,000. Family Firm Inc. acquired a new stake in shares of Carnival Co. & during the 2nd quarter worth about $26,000. Hantz Financial Services Inc. bought a new position in Carnival Co. & during the 2nd quarter valued at about $30,000. BNP Paribas bought a new stake in Carnival Co. & during the first quarter worth about $32,000. Finally, ORG Partners LLC acquired a new stake in shares of Carnival Co. & during the second quarter worth approximately $37,000. Institutional investors own 67.19% of the company’s stock.

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.