Carnival Co. & (NYSE:CCL) Given New $31.00 Price Target at Citigroup

Carnival Co. & (NYSE:CCL) had its price objective raised by Citigroup from $30.00 to $31.00 in a research report released on Monday morning, MarketBeat reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also recently issued research reports about the company. Bank of America lifted their target price on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Mizuho lifted their price objective on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Tigress Financial increased their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 7th. The Goldman Sachs Group lifted their price target on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, Morgan Stanley increased their price objective on shares of Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Carnival Co. & currently has an average rating of “Moderate Buy” and a consensus price target of $26.85.

Carnival Co. & Trading Down 4.0 %

Shares of CCL opened at $25.73 on Monday. Carnival Co. & has a fifty-two week low of $13.78 and a fifty-two week high of $27.17. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. The company’s fifty day moving average is $24.03 and its 200 day moving average is $19.53. The stock has a market capitalization of $29.70 billion, a PE ratio of 22.97 and a beta of 2.67.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.94 billion. During the same period in the previous year, the firm posted ($0.07) EPS. The business’s quarterly revenue was up 10.0% on a year-over-year basis. Sell-side analysts expect that Carnival Co. & will post 1.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total transaction of $380,100.00. Following the transaction, the director now owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Carnival Co. &

Hedge funds have recently modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Carnival Co. & in the second quarter worth approximately $466,838,000. Marshall Wace LLP raised its position in shares of Carnival Co. & by 510.5% in the 2nd quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock worth $193,398,000 after acquiring an additional 8,638,865 shares in the last quarter. Mizuho Securities USA LLC lifted its stake in shares of Carnival Co. & by 8,431.1% during the 3rd quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock worth $122,781,000 after purchasing an additional 6,566,120 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Carnival Co. & by 43.6% in the second quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock worth $179,435,000 after purchasing an additional 2,911,100 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Carnival Co. & by 2,400.1% during the third quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company’s stock valued at $556,280,000 after buying an additional 2,889,785 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

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.