Carnival Co. & (NYSE:CCL) Price Target Raised to $33.00 at Mizuho

Carnival Co. & (NYSE:CCL) had its target price lifted by Mizuho from $32.00 to $33.00 in a research note issued to investors on Monday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

CCL has been the topic of several other research reports. Morgan Stanley boosted their price target on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a report on Wednesday, January 8th. Sanford C. Bernstein assumed coverage on Carnival Co. & in a research note on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 target price for the company. Wells Fargo & Company boosted their target price on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Citigroup raised their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Finally, Stifel Nicolaus increased their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.72.

Carnival Co. & Trading Up 2.5 %

NYSE:CCL opened at $21.46 on Monday. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The company’s 50 day moving average is $24.14 and its 200-day moving average is $23.07. The firm has a market cap of $24.98 billion, a price-to-earnings ratio of 15.44, a P/E/G ratio of 0.73 and a beta of 2.66. Carnival Co. & has a 12 month low of $13.78 and a 12 month high of $28.72.

Carnival Co. & (NYSE:CCL) last released its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm had revenue of $5.81 billion during the quarter, compared to analyst estimates of $5.74 billion. During the same quarter in the previous year, the business earned ($0.14) EPS. The business’s revenue was up 7.5% on a year-over-year basis. Equities analysts anticipate that Carnival Co. & will post 1.77 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Hartford Investment Management Co. raised its stake in shares of Carnival Co. & by 0.6% during the fourth quarter. Hartford Investment Management Co. now owns 64,231 shares of the company’s stock valued at $1,601,000 after acquiring an additional 387 shares during the last quarter. Prestige Wealth Management Group LLC lifted its position in Carnival Co. & by 23.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 2,173 shares of the company’s stock valued at $54,000 after acquiring an additional 408 shares during the period. Avidian Wealth Enterprises LLC boosted its position in shares of Carnival Co. & by 4.6% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock worth $267,000 after purchasing an additional 468 shares in the last quarter. Sound View Wealth Advisors Group LLC boosted its holdings in Carnival Co. & by 3.3% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company’s stock worth $372,000 after acquiring an additional 475 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC grew its position in Carnival Co. & by 1.1% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock valued at $1,224,000 after purchasing an additional 521 shares during the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

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.