Carnival Co. & (NYSE:CCL) Price Target Lowered to $26.00 at Barclays

Carnival Co. & (NYSE:CCL - Get Free Report) had its price target decreased by investment analysts at Barclays from $32.00 to $26.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Barclays's price objective points to a potential upside of 39.72% from the stock's current price.

Several other research firms also recently commented on CCL. Truist Financial lifted their price objective on Carnival Co. & from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Friday, January 24th. StockNews.com upgraded shares of Carnival Co. & from a "hold" rating to a "buy" rating in a research note on Friday, April 18th. Citigroup lowered their price objective on shares of Carnival Co. & from $31.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. William Blair reissued an "outperform" rating on shares of Carnival Co. & in a report on Monday, March 10th. Finally, Loop Capital dropped their price objective on shares of Carnival Co. & from $25.00 to $21.00 and set a "hold" rating on the stock in a report on Monday, March 24th. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $26.53.

Carnival Co. & Stock Down 0.5 %

Carnival Co. & stock traded down $0.09 during mid-day trading on Tuesday, reaching $18.61. The stock had a trading volume of 14,845,631 shares, compared to its average volume of 26,187,178. Carnival Co. & has a one year low of $13.78 and a one year high of $28.72. The company has a 50-day moving average price of $20.09 and a two-hundred day moving average price of $23.10. The company has a market capitalization of $21.71 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 0.73 and a beta of 2.42. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25.

Carnival Co. & (NYSE:CCL - Get Free Report) last issued its earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter in the prior year, the firm posted ($0.14) earnings per share. The business's revenue was up 7.5% on a year-over-year basis. On average, analysts expect that Carnival Co. & will post 1.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its position in Carnival Co. & by 1.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company's stock valued at $4,384,000 after purchasing an additional 1,678 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of Carnival Co. & by 153.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company's stock valued at $8,386,000 after acquiring an additional 203,710 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Carnival Co. & by 26.6% during the 4th quarter. Private Advisor Group LLC now owns 86,837 shares of the company's stock worth $2,164,000 after purchasing an additional 18,269 shares during the period. Convergence Investment Partners LLC boosted its stake in shares of Carnival Co. & by 54.4% during the 4th quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company's stock worth $1,002,000 after purchasing an additional 14,165 shares during the period. Finally, Norges Bank bought a new position in Carnival Co. & during the 4th quarter valued at about $59,486,000. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Company Profile

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.