Carnival Co. & (NYSE:CCL) Price Target Raised to $31.00 at Stifel Nicolaus

Carnival Co. & (NYSE:CCL) had its target price upped by Stifel Nicolaus from $30.00 to $31.00 in a report released on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

CCL has been the topic of a number of other research reports. Mizuho lifted their price objective on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. The Goldman Sachs Group boosted their price target on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Wells Fargo & Company raised their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Citigroup boosted their target price on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Finally, Loop Capital initiated coverage on shares of Carnival Co. & in a report on Tuesday, February 4th. They set a “hold” rating and a $25.00 price target for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.72.

Carnival Co. & Price Performance

Carnival Co. & stock opened at $21.46 on Monday. The company has a fifty day simple moving average of $24.14 and a 200-day simple moving average of $23.07. The firm has a market capitalization of $24.98 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 0.73 and a beta of 2.66. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. Carnival Co. & has a 52-week low of $13.78 and a 52-week high of $28.72.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.11. The company had revenue of $5.81 billion during the quarter, compared to analysts’ expectations of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. During the same quarter in the prior year, the company earned ($0.14) EPS. Carnival Co. &’s revenue was up 7.5% compared to the same quarter last year. On average, equities analysts anticipate that Carnival Co. & will post 1.77 EPS for the current fiscal year.

Institutional Investors Weigh In On Carnival Co. &

A number of hedge funds have recently added to or reduced their stakes in the business. PKO Investment Management Joint Stock Co acquired a new stake in shares of Carnival Co. & in the fourth quarter valued at $2,243,000. Centaurus Financial Inc. acquired a new stake in Carnival Co. & in the 4th quarter valued at about $348,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Carnival Co. & in the 4th quarter valued at about $11,249,000. Jefferies Financial Group Inc. acquired a new position in shares of Carnival Co. & during the fourth quarter worth about $353,000. Finally, Advisor Resource Council purchased a new stake in shares of Carnival Co. & during the fourth quarter worth approximately $541,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

About Carnival Co. &

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.