Carnival (NYSE:CCL) Price Target Raised to $33.00

Carnival (NYSE:CCL - Get Free Report) had its price objective increased by equities research analysts at Barclays from $30.00 to $33.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's price target suggests a potential upside of 29.74% from the company's previous close.

CCL has been the subject of several other research reports. Stifel Nicolaus set a $33.00 price target on shares of Carnival in a research note on Monday. Loop Capital reissued a "hold" rating and set a $22.00 price objective on shares of Carnival in a report on Monday. William Blair reiterated an "outperform" rating on shares of Carnival in a research note on Monday, March 10th. BNP Paribas assumed coverage on shares of Carnival in a research report on Thursday, March 27th. They issued an "outperform" rating and a $26.00 price target on the stock. Finally, Mizuho raised their price objective on shares of Carnival from $32.00 to $33.00 and gave the stock an "outperform" rating in a report on Monday, March 24th. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Carnival has an average rating of "Moderate Buy" and a consensus target price of $27.11.

Carnival Stock Down 1.0%

NYSE CCL traded down $0.27 on Wednesday, reaching $25.44. The company had a trading volume of 3,497,225 shares, compared to its average volume of 25,517,231. 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 company's fifty day moving average is $21.73 and its 200 day moving average is $22.81. Carnival has a 52-week low of $13.78 and a 52-week high of $28.72. The stock has a market capitalization of $29.67 billion, a P/E ratio of 16.93, a P/E/G ratio of 0.56 and a beta of 2.58.

Carnival (NYSE:CCL - Get Free Report) last announced its earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share for the quarter, topping 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 firm had revenue of $6.33 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter in the previous year, the business earned $0.11 EPS. The company's revenue was up 9.5% compared to the same quarter last year. Sell-side analysts anticipate that Carnival will post 1.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Carnival

Several hedge funds have recently bought and sold shares of the stock. Measured Risk Portfolios Inc. purchased a new stake in shares of Carnival during the 4th quarter valued at $29,000. Orion Capital Management LLC purchased a new stake in Carnival during the fourth quarter valued at about $30,000. N.E.W. Advisory Services LLC bought a new stake in Carnival during the first quarter worth about $25,000. Graybill Wealth Management LTD. purchased a new position in shares of Carnival in the 1st quarter worth about $26,000. Finally, Millstone Evans Group LLC bought a new position in shares of Carnival during the 4th quarter valued at about $34,000. 67.19% of the stock is currently owned by 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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