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

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

A number of other equities analysts have also recently commented on CCL. Bank of America increased their target price on Carnival Co. & from $23.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, June 27th. JPMorgan Chase & Co. upped their target price on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. 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. Argus raised their target price on Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Carnival Co. & currently has an average rating of “Moderate Buy” and an average target price of $22.78.

Carnival Co. & Price Performance

CCL opened at $18.49 on Tuesday. Carnival Co. & has a 52-week low of $10.84 and a 52-week high of $19.74. The stock has a market cap of $20.75 billion, a P/E ratio of 28.45 and a beta of 2.68. The business has a fifty day moving average of $16.60 and a 200 day moving average of $16.24. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 3.99.

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

Institutional Investors Weigh In On Carnival Co. &

A number of institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new stake in shares of Carnival Co. & in the 2nd quarter valued at approximately $624,000. New Century Financial Group LLC grew its stake in Carnival Co. & by 9.0% during the 2nd quarter. New Century Financial Group LLC now owns 71,782 shares of the company’s stock worth $1,344,000 after buying an additional 5,930 shares during the last quarter. SPX Gestao de Recursos Ltda bought a new position in Carnival Co. & during the 2nd quarter worth $1,026,000. Hershey Financial Advisers LLC bought a new position in Carnival Co. & during the 2nd quarter worth $1,814,000. Finally, EP Wealth Advisors LLC grew its stake in Carnival Co. & by 14.5% during the 2nd quarter. EP Wealth Advisors LLC now owns 16,603 shares of the company’s stock worth $311,000 after buying an additional 2,106 shares during the last quarter. 67.19% of the stock is currently owned by 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.