Carnival's (CCL) Overweight Rating Reiterated at Barclays

Carnival (NYSE:CCL - Get Free Report)'s stock had its "overweight" rating restated by investment analysts at Barclays in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. They presently have a $30.00 price target on the stock, up from their previous price target of $26.00. Barclays's price target points to a potential upside of 26.25% from the company's current price.

A number of other brokerages have also recently issued reports on CCL. Mizuho boosted their price objective on shares of Carnival from $32.00 to $33.00 and gave the company an "outperform" rating in a report on Monday, March 24th. Tigress Financial reissued a "buy" rating on shares of Carnival in a report on Wednesday, March 26th. Citigroup upped their price objective on shares of Carnival from $25.00 to $28.00 and gave the company a "buy" rating in a research report on Thursday, June 5th. Loop Capital lifted their target price on Carnival from $21.00 to $22.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Finally, William Blair restated an "outperform" rating on shares of Carnival in a report on Monday, March 10th. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $26.79.

Carnival Trading Up 0.6%

NYSE CCL traded up $0.15 on Tuesday, reaching $23.76. The company had a trading volume of 23,613,035 shares, compared to its average volume of 25,378,681. Carnival has a 52 week low of $13.78 and a 52 week high of $28.72. The stock's 50 day moving average is $21.33 and its 200-day moving average is $22.88. The company has a quick ratio of 0.21, a current ratio of 0.26 and a debt-to-equity ratio of 2.78. The stock has a market cap of $27.72 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 0.55 and a beta of 2.58.

Carnival (NYSE:CCL - Get Free Report) last posted 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. The company had revenue of $5.81 billion during the quarter, compared to analyst estimates of $5.74 billion. Carnival had a return on equity of 26.53% and a net margin of 8.07%. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.14) EPS. Equities analysts predict that Carnival will post 1.77 earnings per share for the current year.

Institutional Investors Weigh In On Carnival

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Measured Risk Portfolios Inc. acquired a new stake in shares of Carnival in the fourth quarter valued at about $29,000. Orion Capital Management LLC bought a new position in Carnival in the fourth quarter valued at approximately $30,000. N.E.W. Advisory Services LLC acquired a new position in shares of Carnival during the 1st quarter worth approximately $25,000. Graybill Wealth Management LTD. bought a new stake in shares of Carnival during the 1st quarter worth approximately $26,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Carnival in the 4th quarter valued at approximately $34,000. 67.19% of the stock is owned by institutional investors.

About Carnival

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.