Carnival (NYSE:CCL) Coverage Initiated by Analysts at TD Cowen

TD Cowen assumed coverage on shares of Carnival (NYSE:CCL - Get Free Report) in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The brokerage set a "buy" rating and a $36.00 price target on the stock. TD Cowen's target price would indicate a potential upside of 20.86% from the company's current price.

Other equities analysts have also recently issued research reports about the company. Stifel Nicolaus raised their price target on Carnival from $33.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Wall Street Zen upgraded Carnival from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Citigroup lifted their target price on Carnival from $30.00 to $37.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Macquarie dropped their target price on Carnival from $31.00 to $26.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Finally, Northcoast Research assumed coverage on Carnival in a research note on Friday, April 25th. They set a "neutral" rating for the company. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $29.67.

Carnival Stock Performance

NYSE CCL opened at $29.79 on Tuesday. The stock has a market capitalization of $34.77 billion, a PE ratio of 16.10, a P/E/G ratio of 0.65 and a beta of 2.61. The business has a 50 day simple moving average of $25.30 and a two-hundred day simple moving average of $23.18. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30. Carnival has a 1-year low of $13.78 and a 1-year high of $30.46.

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

Institutional Trading of Carnival

Hedge funds have recently modified their holdings of the stock. Oliver Lagore Vanvalin Investment Group acquired a new stake in Carnival in the second quarter valued at $28,000. Measured Risk Portfolios Inc. purchased a new position in shares of Carnival during the fourth quarter worth about $29,000. Orion Capital Management LLC purchased a new position in shares of Carnival during the fourth quarter worth about $30,000. N.E.W. Advisory Services LLC purchased a new position in shares of Carnival during the first quarter worth about $25,000. Finally, Graybill Wealth Management LTD. purchased a new position in shares of Carnival during the first quarter worth about $26,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

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.

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