Carnival Co. & (NYSE:CCL) Given New $32.00 Price Target at Tigress Financial

Carnival Co. & (NYSE:CCL) had its price objective raised by Tigress Financial from $28.00 to $32.00 in a research report report published on Wednesday morning, MarketBeat.com reports. The firm currently has a strong-buy rating on the stock.

A number of other equities analysts have also recently commented on the stock. The Goldman Sachs Group lifted their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Citigroup lowered their price target on Carnival Co. & from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, March 24th. William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a research report on Monday, March 10th. Stifel Nicolaus upped their price target on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, March 24th. Finally, Mizuho lifted their price objective on shares of Carnival Co. & from $32.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Carnival Co. & has an average rating of “Moderate Buy” and a consensus price target of $26.89.

Carnival Co. & Price Performance

Shares of NYSE:CCL opened at $19.85 on Wednesday. Carnival Co. & has a 12 month low of $13.78 and a 12 month high of $28.72. The firm has a market capitalization of $23.10 billion, a P/E ratio of 14.28, a P/E/G ratio of 0.73 and a beta of 2.66. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The company’s fifty day moving average price is $23.79 and its 200 day moving average price is $23.11.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CCL. Measured Risk Portfolios Inc. acquired a new stake in Carnival Co. & in the 4th quarter valued at about $29,000. Crewe Advisors LLC grew its position in shares of Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after purchasing an additional 888 shares during the last quarter. Orion Capital Management LLC purchased a new position in shares of Carnival Co. & during the 4th quarter worth approximately $30,000. New Wave Wealth Advisors LLC purchased a new stake in Carnival Co. & in the 4th quarter valued at approximately $34,000. Finally, Millstone Evans Group LLC acquired a new position in shares of Carnival Co. & in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & 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.