Carnival Co. & (NYSE:CCL) PT Raised to $25.00 at Tigress Financial

Carnival Co. & (NYSE:CCL - Free Report) had its price objective boosted by Tigress Financial from $23.00 to $25.00 in a report released on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages also recently commented on CCL. JPMorgan Chase & Co. boosted their target price on shares of Carnival Co. & from $22.00 to $23.00 and gave the stock an overweight rating in a research note on Thursday, March 28th. The Goldman Sachs Group initiated coverage on shares of Carnival Co. & in a research note on Wednesday, March 13th. They set a buy rating and a $20.00 target price for the company. Barclays boosted their target price on shares of Carnival Co. & from $24.00 to $25.00 and gave the stock an overweight rating in a research note on Thursday, March 28th. Wells Fargo & Company upgraded shares of Carnival Co. & from an equal weight rating to an overweight rating and set a $22.00 target price for the company in a research note on Friday, January 5th. Finally, Citigroup upped their price objective on shares of Carnival Co. & from $19.00 to $23.00 and gave the company a buy rating in a research note on Wednesday, December 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the company's stock. According to MarketBeat.com, Carnival Co. & has a consensus rating of Moderate Buy and an average price target of $21.47.

Carnival Co. & Stock Down 1.8 %

Shares of Carnival Co. & stock traded down $0.28 during trading hours on Wednesday, reaching $15.06. 35,560,614 shares of the company were exchanged, compared to its average volume of 32,864,922. Carnival Co. & has a 1 year low of $8.70 and a 1 year high of $19.74. The stock's fifty day moving average is $15.96 and its 200 day moving average is $15.36. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.32 and a current ratio of 0.36. The firm has a market cap of $16.90 billion, a PE ratio of 59.96 and a beta of 2.54.

Carnival Co. & (NYSE:CCL - Get Free Report) last posted its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, topping analysts' consensus estimates of ($0.18) by $0.04. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The business had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same quarter in the prior year, the company earned ($0.55) earnings per share. The company's revenue was up 22.0% on a year-over-year basis. As a group, equities research analysts forecast that Carnival Co. & will post 1 earnings per share for the current year.

Insider Buying and Selling

In other Carnival Co. & news, CFO David Bernstein sold 153,995 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $15.37, for a total value of $2,366,903.15. Following the completion of the transaction, the chief financial officer now directly owns 181,981 shares of the company's stock, valued at $2,797,047.97. The sale was disclosed in a filing with the SEC, which is available at this link. 11.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Wealthfront Advisers LLC increased its stake in shares of Carnival Co. & by 447.6% during the 3rd quarter. Wealthfront Advisers LLC now owns 215,672 shares of the company's stock worth $2,959,000 after purchasing an additional 176,286 shares in the last quarter. Bellwether Advisors LLC acquired a new stake in Carnival Co. & during the fourth quarter worth approximately $1,368,000. Patton Fund Management Inc. boosted its position in Carnival Co. & by 981.9% during the third quarter. Patton Fund Management Inc. now owns 109,133 shares of the company's stock worth $1,497,000 after acquiring an additional 99,046 shares during the last quarter. Nordea Investment Management AB boosted its position in Carnival Co. & by 126.1% during the fourth quarter. Nordea Investment Management AB now owns 740,750 shares of the company's stock worth $13,782,000 after acquiring an additional 413,082 shares during the last quarter. Finally, Blackstone Inc. boosted its position in Carnival Co. & by 50.8% during the third quarter. Blackstone Inc. now owns 3,000,000 shares of the company's stock worth $41,160,000 after acquiring an additional 1,010,000 shares during the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Company Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.