Carnival Co. & (NYSE:CCL) Stock Price Up 4.3% on Analyst Upgrade

Carnival Co. & plc (NYSE:CCL)’s share price was up 4.3% on Tuesday after Tigress Financial raised their price target on the stock from $25.00 to $28.00. Tigress Financial currently has a buy rating on the stock. Carnival Co. & traded as high as $18.84 and last traded at $18.78. Approximately 8,385,344 shares were traded during trading, a decline of 72% from the average daily volume of 29,984,268 shares. The stock had previously closed at $18.01.

CCL has been the subject of several other reports. Barclays increased their target price on Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Mizuho increased their price target on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, October 1st. Argus boosted their target price on Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Carnival Co. & from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, June 26th. Finally, Truist Financial increased their target price on shares of Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Carnival Co. & has a consensus rating of “Moderate Buy” and a consensus price target of $23.16.

Institutional Investors Weigh In On Carnival Co. &

A number of institutional investors and hedge funds have recently modified their holdings of the company. Richardson Capital Management LLC bought a new position in shares of Carnival Co. & in the first quarter worth approximately $26,000. Family Firm Inc. purchased a new position in shares of Carnival Co. & in the second quarter valued at about $26,000. Hantz Financial Services Inc. purchased a new stake in Carnival Co. & in the 2nd quarter worth approximately $30,000. BNP Paribas purchased a new position in shares of Carnival Co. & during the 1st quarter worth approximately $32,000. Finally, YHB Investment Advisors Inc. bought a new position in shares of Carnival Co. & during the first quarter valued at approximately $34,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Trading Up 4.6 %

The firm’s 50 day moving average price is $16.58 and its 200-day moving average price is $16.28. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.24. The stock has a market cap of $21.14 billion, a P/E ratio of 27.71 and a beta of 2.69.

Carnival Co. & (NYSE:CCL) last released its quarterly 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 business had revenue of $7.90 billion during 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%. Carnival Co. &’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.86 earnings per share. As a group, equities research analysts forecast that Carnival Co. & plc will post 1.21 earnings per share for the current year.

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.