Carnival Co. & (NYSE:CCL) Price Target Raised to $28.00 at Citigroup

Carnival Co. & (NYSE:CCL) had its price target lifted by research analysts at Citigroup from $25.00 to $28.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s target price points to a potential upside of 38.61% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on the stock. Tigress Financial lifted their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday. Bank of America upped their price target on shares of Carnival Co. & from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. JPMorgan Chase & Co. raised their price objective on shares of Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Macquarie upped their target price on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Finally, Truist Financial lifted their price target on Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.53.

Carnival Co. & Stock Performance

Carnival Co. & stock traded up $1.33 during midday trading on Wednesday, reaching $20.20. 70,811,563 shares of the stock traded hands, compared to its average volume of 30,333,832. Carnival Co. & has a fifty-two week low of $10.84 and a fifty-two week high of $20.45. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 3.99. The firm has a market cap of $22.67 billion, a price-to-earnings ratio of 31.08 and a beta of 2.69. The firm has a fifty day moving average price of $16.63 and a two-hundred day moving average price of $16.30.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.10. The business had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.82 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The business’s revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.86 earnings per share. On average, equities research analysts forecast that Carnival Co. & will post 1.21 earnings per share for the current year.

Hedge Funds Weigh In On Carnival Co. &

Several institutional investors and hedge funds have recently added to or reduced their stakes in CCL. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Carnival Co. & by 86.3% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 671,700 shares of the company’s stock valued at $12,453,000 after buying an additional 311,100 shares in the last quarter. Point72 Asset Management L.P. grew its stake in Carnival Co. & by 210.1% during the 4th quarter. Point72 Asset Management L.P. now owns 3,894,286 shares of the company’s stock valued at $72,200,000 after acquiring an additional 2,638,564 shares in the last quarter. American International Group Inc. increased its holdings in shares of Carnival Co. & by 2.3% in the 4th quarter. American International Group Inc. now owns 272,636 shares of the company’s stock valued at $5,055,000 after purchasing an additional 6,201 shares during the period. Royal London Asset Management Ltd. lifted its position in shares of Carnival Co. & by 6.9% in the fourth quarter. Royal London Asset Management Ltd. now owns 344,773 shares of the company’s stock worth $6,392,000 after purchasing an additional 22,328 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Carnival Co. & by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 113,163,718 shares of the company’s stock worth $2,098,055,000 after purchasing an additional 559,038 shares during the period. 67.19% of the stock is currently owned by hedge funds and other 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.