Carnival Co. & (NYSE:CCL) Price Target Raised to $26.00

Carnival Co. & (NYSE:CCL) had its price target upped by Mizuho from $25.00 to $26.00 in a research note released on Tuesday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other equities analysts also recently issued reports on the stock. Hsbc Global Res raised shares of Carnival Co. & to a moderate sell rating in a research note on Tuesday, September 3rd. Morgan Stanley raised their target price on shares of Carnival Co. & from $15.00 to $16.50 and gave the company an underweight rating in a research note on Tuesday. Bank of America raised their target price on shares of Carnival Co. & from $23.00 to $24.00 and gave the company a buy rating in a research note on Thursday, June 27th. Susquehanna reaffirmed a positive rating and set a $22.00 target price on shares of Carnival Co. & in a research note on Wednesday, June 26th. Finally, Truist Financial raised their target price on shares of Carnival Co. & from $17.00 to $20.00 and gave the company a hold rating in a research note on Tuesday, July 23rd. One investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $22.97.

Carnival Co. & Price Performance

CCL stock opened at $17.34 on Tuesday. Carnival Co. & has a 1 year low of $10.84 and a 1 year high of $19.74. The company has a market cap of $19.46 billion, a P/E ratio of 26.68 and a beta of 2.69. The firm has a 50-day moving average of $16.57 and a 200 day moving average of $16.27. 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 released its quarterly earnings results on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The company had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same period in the prior year, the firm earned $0.86 earnings per share. Carnival Co. &’s revenue was up 15.2% on a year-over-year basis. On average, sell-side analysts forecast that Carnival Co. & will post 1.21 EPS for the current year.

Institutional Investors Weigh In On Carnival Co. &

Several institutional investors and hedge funds have recently added to or reduced their stakes in CCL. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Carnival Co. & in the second quarter worth approximately $466,838,000. Marshall Wace LLP boosted its holdings in Carnival Co. & by 510.5% in the second quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock worth $193,398,000 after purchasing an additional 8,638,865 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Carnival Co. & by 43.6% in the second quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock worth $179,435,000 after purchasing an additional 2,911,100 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in Carnival Co. & by 210.1% in the fourth quarter. Point72 Asset Management L.P. now owns 3,894,286 shares of the company’s stock worth $72,200,000 after purchasing an additional 2,638,564 shares during the last quarter. Finally, Goldentree Asset Management LP purchased a new stake in Carnival Co. & in the first quarter worth approximately $31,917,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

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.