Carnival Co. & (NYSE:CCL) Price Target Raised to $33.00 at Stifel Nicolaus

Carnival Co. & (NYSE:CCL - Get Free Report) had its target price hoisted by investment analysts at Stifel Nicolaus from $31.00 to $33.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the stock. Stifel Nicolaus' target price would suggest a potential upside of 40.13% from the stock's previous close.

Other equities analysts have also recently issued reports about the stock. William Blair reaffirmed an "outperform" rating on shares of Carnival Co. & in a report on Monday, March 10th. Wall Street Zen raised shares of Carnival Co. & from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Loop Capital upped their price objective on Carnival Co. & from $21.00 to $22.00 and gave the company a "hold" rating in a research note on Tuesday, June 3rd. Northcoast Research assumed coverage on Carnival Co. & in a research note on Friday, April 25th. They issued a "neutral" rating on the stock. Finally, Macquarie dropped their target price on Carnival Co. & from $31.00 to $26.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $26.58.

Carnival Co. & Trading Down 1.3%

CCL traded down $0.32 during mid-day trading on Wednesday, hitting $23.55. 22,796,965 shares of the stock were exchanged, compared to its average volume of 25,454,310. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The company has a market cap of $27.47 billion, a PE ratio of 16.94, a PEG ratio of 0.73 and a beta of 2.58. The firm's fifty day moving average is $20.66 and its two-hundred day moving average is $22.96. Carnival Co. & has a 1-year low of $13.78 and a 1-year high of $28.72.

Carnival Co. & (NYSE:CCL - Get Free Report) last announced its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $5.74 billion. During the same quarter in the previous year, the business posted ($0.14) earnings per share. The business's quarterly revenue was up 7.5% compared to the same quarter last year. Equities analysts forecast that Carnival Co. & will post 1.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Measured Risk Portfolios Inc. acquired a new stake in shares of Carnival Co. & in the 4th quarter worth approximately $29,000. Orion Capital Management LLC acquired a new position in Carnival Co. & during the fourth quarter worth $30,000. N.E.W. Advisory Services LLC purchased a new stake in Carnival Co. & during the first quarter worth $25,000. Graybill Wealth Management LTD. acquired a new stake in Carnival Co. & in the first quarter valued at $26,000. Finally, Millstone Evans Group LLC purchased a new position in shares of Carnival Co. & in the fourth quarter valued at $34,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

About Carnival Co. &

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.