Brokerages Set Carnival Co. & plc (NYSE:CCL) Price Target at $22.63

Shares of Carnival Co. & plc (NYSE:CCL) have received an average recommendation of “Moderate Buy” from the seventeen brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $22.97.

Several analysts recently issued reports on CCL shares. Macquarie upped their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday. Hsbc Global Res raised Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. Barclays lifted their price objective on Carnival Co. & from $25.00 to $26.00 and gave the stock an “overweight” rating in a research note on Tuesday. Stifel Nicolaus increased their target price on Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Finally, Citigroup lifted their price target on Carnival Co. & from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th.

Carnival Co. & Price Performance

Shares of NYSE:CCL opened at $18.02 on Monday. The stock has a market capitalization of $20.22 billion, a P/E ratio of 27.72 and a beta of 2.69. The business has a 50-day moving average of $16.58 and a two-hundred day moving average of $16.29. Carnival Co. & has a fifty-two week low of $10.84 and a fifty-two week high of $19.74. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.24.

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

Institutional Investors Weigh In On Carnival Co. &

Several institutional investors and hedge funds have recently bought and sold shares of CCL. Triton Wealth Management PLLC boosted its position in shares of Carnival Co. & by 4.8% during the 3rd quarter. Triton Wealth Management PLLC now owns 37,274 shares of the company’s stock valued at $673,000 after acquiring an additional 1,693 shares in the last quarter. SG Americas Securities LLC lifted its stake in Carnival Co. & by 79.5% during the third quarter. SG Americas Securities LLC now owns 1,249,294 shares of the company’s stock worth $23,087,000 after purchasing an additional 553,429 shares during the period. Czech National Bank boosted its holdings in Carnival Co. & by 6.9% during the third quarter. Czech National Bank now owns 205,790 shares of the company’s stock valued at $3,803,000 after purchasing an additional 13,309 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Carnival Co. & in the 2nd quarter valued at approximately $624,000. Finally, New Century Financial Group LLC raised its holdings in shares of Carnival Co. & by 9.0% in the 2nd quarter. New Century Financial Group LLC now owns 71,782 shares of the company’s stock worth $1,344,000 after buying an additional 5,930 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

About Carnival Co. &

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.