Carnival (NYSE:CCL) Given New $34.00 Price Target at Stifel Nicolaus

Carnival (NYSE:CCL - Get Free Report) had its target price upped by stock analysts at Stifel Nicolaus from $33.00 to $34.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price target would indicate a potential upside of 33.83% from the company's current price.

A number of other equities analysts also recently weighed in on the stock. HSBC raised shares of Carnival from a "reduce" rating to a "hold" rating and set a $24.00 price target on the stock in a research note on Friday, May 16th. Barclays increased their target price on shares of Carnival from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Wednesday. Tigress Financial reissued a "buy" rating on shares of Carnival in a research note on Wednesday, March 26th. BNP Paribas started coverage on shares of Carnival in a research report on Thursday, March 27th. They set an "outperform" rating and a $26.00 price target for the company. Finally, Susquehanna raised their price objective on Carnival from $27.00 to $30.00 and gave the company a "positive" rating in a research report on Wednesday. Nine investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $27.58.

Carnival Trading Down 1.1%

CCL stock traded down $0.30 during midday trading on Wednesday, hitting $25.41. The stock had a trading volume of 8,770,440 shares, compared to its average volume of 25,535,273. The company's 50-day moving average price is $21.73 and its 200 day moving average price is $22.81. The company has a debt-to-equity ratio of 2.78, a current ratio of 0.26 and a quick ratio of 0.21. The firm has a market cap of $29.64 billion, a PE ratio of 16.95, a price-to-earnings-growth ratio of 0.56 and a beta of 2.58. Carnival has a 12-month low of $13.78 and a 12-month high of $28.72.

Carnival (NYSE:CCL - Get Free Report) last announced its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.11. Carnival had a return on equity of 26.53% and a net margin of 8.07%. The business had revenue of $6.33 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter in the previous year, the business earned $0.11 earnings per share. The business's revenue for the quarter was up 9.5% on a year-over-year basis. On average, equities research analysts predict that Carnival will post 1.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Carnival

Several hedge funds and other institutional investors have recently bought and sold shares of CCL. N.E.W. Advisory Services LLC acquired a new stake in shares of Carnival during the first quarter worth approximately $25,000. Graybill Wealth Management LTD. bought a new position in Carnival during the 1st quarter valued at $26,000. Measured Risk Portfolios Inc. acquired a new position in Carnival during the 4th quarter worth $29,000. Orion Capital Management LLC bought a new stake in shares of Carnival in the 4th quarter worth about $30,000. Finally, Banque Transatlantique SA acquired a new stake in shares of Carnival in the 1st quarter valued at about $33,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival 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.

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