Analysts Set Carnival Corporation (NYSE:CCL) Price Target at $28.53

Shares of Carnival Corporation (NYSE:CCL - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twenty ratings firms that are covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $28.65.

CCL has been the topic of several analyst reports. Stifel Nicolaus upped their price target on shares of Carnival from $33.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Morgan Stanley upped their target price on Carnival from $21.00 to $24.00 and gave the company an "equal weight" rating in a research note on Thursday, June 26th. William Blair reiterated an "outperform" rating on shares of Carnival in a report on Monday, March 10th. Citigroup raised their price target on Carnival from $28.00 to $30.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Finally, Loop Capital reaffirmed a "hold" rating and issued a $22.00 price objective on shares of Carnival in a research report on Monday, June 23rd.

Carnival Trading Up 1.5%

Shares of Carnival stock traded up $0.46 on Wednesday, reaching $30.11. The company had a trading volume of 6,607,970 shares, compared to its average volume of 24,944,502. The firm has a market cap of $35.14 billion, a price-to-earnings ratio of 16.28, a P/E/G ratio of 0.63 and a beta of 2.61. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30. The firm's 50-day moving average price is $22.89 and its two-hundred day moving average price is $22.90. Carnival has a 1 year low of $13.78 and a 1 year high of $30.19.

Carnival (NYSE:CCL - Get Free Report) last posted its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.24 by $0.11. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The company had revenue of $6.33 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same period in the previous year, the firm earned $0.11 earnings per share. Carnival's quarterly revenue was up 9.5% compared to the same quarter last year. As a group, research analysts predict that Carnival will post 1.77 earnings per share for the current fiscal year.

Institutional Trading of Carnival

Institutional investors and hedge funds have recently made changes to their positions in the company. N.E.W. Advisory Services LLC bought a new stake in shares of Carnival in the 1st quarter valued at about $25,000. Graybill Wealth Management LTD. bought a new position in shares of Carnival during the first quarter valued at approximately $26,000. Measured Risk Portfolios Inc. purchased a new position in Carnival during the fourth quarter valued at approximately $29,000. Orion Capital Management LLC bought a new position in Carnival in the fourth quarter worth approximately $30,000. Finally, Banque Transatlantique SA purchased a new stake in Carnival during the first quarter worth $33,000. 67.19% of the stock is currently 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.