Carnival Co. & (NYSE:CCL) Given New $32.00 Price Target at Tigress Financial

Carnival Co. & (NYSE:CCL) had its price target hoisted by Tigress Financial from $28.00 to $32.00 in a research note issued to investors on Wednesday morning, MarketBeat reports. Tigress Financial currently has a strong-buy rating on the stock.

CCL has been the subject of several other reports. Truist Financial upped their target price on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a report on Friday, January 24th. Sanford C. Bernstein initiated coverage on Carnival Co. & in a research note on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price objective for the company. William Blair reiterated an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. Wells Fargo & Company increased their price target on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Finally, Barclays lifted their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.94.

Carnival Co. & Trading Down 1.6 %

NYSE CCL opened at $20.92 on Wednesday. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The business has a fifty day simple moving average of $23.99 and a 200 day simple moving average of $23.10. Carnival Co. & has a 12 month low of $13.78 and a 12 month high of $28.72. The firm has a market capitalization of $24.35 billion, a P/E ratio of 15.05, a PEG ratio of 0.73 and a beta of 2.66.

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

Institutional Investors Weigh In On Carnival Co. &

Institutional investors and hedge funds have recently modified their holdings of the company. Measured Risk Portfolios Inc. bought a new stake in Carnival Co. & during the 4th quarter worth approximately $29,000. Orion Capital Management LLC purchased a new position in shares of Carnival Co. & during the 4th quarter valued at $30,000. Crewe Advisors LLC increased its holdings in shares of Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after purchasing an additional 888 shares during the period. New Wave Wealth Advisors LLC purchased a new stake in shares of Carnival Co. & in the fourth quarter worth $34,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of Carnival Co. & in the fourth quarter worth $34,000. 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.