Carnival Co. & (NYSE:CCL) Given New $28.00 Price Target at Citigroup

Carnival Co. & (NYSE:CCL - Free Report) had its target price boosted by Citigroup from $25.00 to $28.00 in a research report report published on Thursday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

CCL has been the topic of several other reports. Hsbc Global Res upgraded Carnival Co. & from a "moderate sell" rating to a "hold" rating in a report on Friday, May 16th. Loop Capital lifted their price objective on Carnival Co. & from $21.00 to $22.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Wall Street Zen upgraded Carnival Co. & from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Truist Financial lowered their price objective on Carnival Co. & from $30.00 to $27.00 and set a "hold" rating on the stock in a report on Monday, May 19th. Finally, Macquarie lowered their price objective on Carnival Co. & from $31.00 to $26.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $26.47.

Carnival Co. & Price Performance

Shares of NYSE:CCL traded up $0.29 during trading on Thursday, reaching $24.31. 16,618,537 shares of the company's stock traded hands, compared to its average volume of 25,475,406. Carnival Co. & has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The firm has a market cap of $28.36 billion, a PE ratio of 17.49, a P/E/G ratio of 0.73 and a beta of 2.58. The company has a 50-day simple moving average of $20.29 and a 200-day simple moving average of $22.95.

Carnival Co. & (NYSE:CCL - Get Free Report) last posted its earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm had revenue of $5.81 billion for the quarter, compared to analysts' expectations of $5.74 billion. During the same period last year, the firm earned ($0.14) EPS. The company's quarterly revenue was up 7.5% on a year-over-year basis. As a group, analysts predict that Carnival Co. & will post 1.77 earnings per share for the current year.

Institutional Trading of Carnival Co. &

Several institutional investors have recently made changes to their positions in CCL. Causeway Capital Management LLC purchased a new stake in shares of Carnival Co. & during the 1st quarter valued at approximately $518,816,000. Nuveen LLC purchased a new stake in shares of Carnival Co. & during the 1st quarter valued at approximately $432,718,000. FMR LLC raised its position in shares of Carnival Co. & by 186.6% during the 4th quarter. FMR LLC now owns 9,898,906 shares of the company's stock valued at $246,681,000 after buying an additional 6,444,444 shares during the period. Nuveen Asset Management LLC raised its position in Carnival Co. & by 33.7% in the fourth quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company's stock valued at $569,423,000 after purchasing an additional 5,761,489 shares during the period. Finally, Vanguard Group Inc. raised its position in Carnival Co. & by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock valued at $2,918,022,000 after purchasing an additional 4,458,329 shares during the period. Hedge funds and other institutional investors own 67.19% of the company's stock.

About Carnival Co. &

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.