Carnival Co. & (NYSE:CCL) Price Target Increased to $19.00 by Analysts at Deutsche Bank Aktiengesellschaft

Carnival Co. & (NYSE:CCL) had its price objective hoisted by Deutsche Bank Aktiengesellschaft from $18.00 to $19.00 in a research note released on Wednesday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

A number of other equities analysts have also recently commented on CCL. Stifel Nicolaus dropped their target price on Carnival Co. & from $26.00 to $25.00 and set a buy rating for the company in a report on Thursday, March 28th. Argus decreased their price target on Carnival Co. & from $23.00 to $20.00 and set a buy rating for the company in a research note on Monday, April 1st. UBS Group raised their price target on Carnival Co. & from $20.00 to $21.00 and gave the stock a buy rating in a research note on Tuesday, May 14th. Mizuho initiated coverage on Carnival Co. & in a research note on Tuesday, March 26th. They set a buy rating and a $21.00 price target for the company. Finally, Wells Fargo & Company raised their price target on Carnival Co. & from $22.00 to $23.00 and gave the stock an overweight rating in a research note on Friday, May 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, Carnival Co. & currently has a consensus rating of Moderate Buy and a consensus target price of $21.61.

Carnival Co. & Price Performance

Shares of Carnival Co. & stock opened at $18.37 on Wednesday. The stock has a market cap of $20.62 billion, a price-to-earnings ratio of 28.26 and a beta of 2.57. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.32 and a current ratio of 0.36. The stock has a 50 day moving average price of $15.38 and a 200-day moving average price of $16.10. Carnival Co. & has a one year low of $10.84 and a one year high of $19.74.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Tuesday, June 25th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.12. The firm had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $5.68 billion. Carnival Co. & had a return on equity of 15.20% and a net margin of 3.86%. The company’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.31) EPS. Equities analysts expect that Carnival Co. & will post 1.18 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Sunbelt Securities Inc. increased its holdings in shares of Carnival Co. & by 4.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 15,248 shares of the company’s stock valued at $209,000 after acquiring an additional 601 shares during the period. Parkside Financial Bank & Trust grew its stake in Carnival Co. & by 10.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 7,341 shares of the company’s stock worth $136,000 after buying an additional 689 shares during the last quarter. GAMMA Investing LLC grew its stake in Carnival Co. & by 7.5% during the 1st quarter. GAMMA Investing LLC now owns 10,356 shares of the company’s stock worth $169,000 after buying an additional 726 shares during the last quarter. Texas Permanent School Fund Corp grew its stake in Carnival Co. & by 0.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 206,795 shares of the company’s stock worth $3,379,000 after buying an additional 729 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its stake in Carnival Co. & by 67.2% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock worth $34,000 after buying an additional 739 shares during the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

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.