Carnival Co. & (NYSE:CCL) Price Target Raised to $25.00

Carnival Co. & (NYSE:CCL) had its price target boosted by equities researchers at Mizuho from $22.00 to $25.00 in a report released on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s target price points to a potential upside of 36.17% from the company’s previous close.

CCL has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Carnival Co. & from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday, June 26th. Morgan Stanley raised their target price on shares of Carnival Co. & from $13.50 to $15.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 7th. Citigroup lifted their price objective on shares of Carnival Co. & from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Susquehanna reaffirmed a “positive” rating and set a $22.00 price target on shares of Carnival Co. & in a report on Wednesday, June 26th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.50.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $18.36 on Thursday. The stock’s fifty day simple moving average is $16.56 and its 200-day simple moving average is $16.10. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 3.99. Carnival Co. & has a 1-year low of $10.84 and a 1-year high of $19.74. The company has a market capitalization of $20.61 billion, a price-to-earnings ratio of 28.25 and a beta of 2.68.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.12. The company had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $5.68 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.31) earnings per share. On average, sell-side analysts predict that Carnival Co. & will post 1.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Carnival Co. &

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Carnival Co. & by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 113,163,718 shares of the company’s stock worth $2,098,055,000 after purchasing an additional 559,038 shares during the period. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Carnival Co. & in the 2nd quarter valued at approximately $466,838,000. Marshall Wace LLP raised its position in Carnival Co. & by 510.5% in the second quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock valued at $193,398,000 after purchasing an additional 8,638,865 shares during the period. Renaissance Technologies LLC lifted its position in Carnival Co. & by 43.6% in the second quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock valued at $179,435,000 after buying an additional 2,911,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Carnival Co. & by 8.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,846,144 shares of the company’s stock worth $109,444,000 after purchasing an additional 473,848 shares during the period. Institutional investors own 67.19% of the company’s stock.

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.