Carnival Co. & (NYSE:CCL) PT Raised to $15.00

Carnival Co. & (NYSE:CCL) had its target price hoisted by equities research analysts at Morgan Stanley from $13.50 to $15.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 5.41% from the company’s current price.

CCL has been the topic of a number of other reports. Citigroup lifted their price objective on shares of Carnival Co. & from $18.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. UBS Group boosted their price target on shares of Carnival Co. & from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Truist Financial increased their price objective on shares of Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft lifted their target price on Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, June 26th. Finally, Wells Fargo & Company raised their price target on Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, Carnival Co. & has a consensus rating of “Moderate Buy” and a consensus price target of $22.33.

Carnival Co. & Stock Down 2.1 %

NYSE CCL traded down $0.31 on Wednesday, reaching $14.23. The company had a trading volume of 15,054,782 shares, compared to its average volume of 30,765,127. The company’s fifty day moving average is $17.00 and its 200-day moving average is $16.02. The firm has a market capitalization of $15.97 billion, a price-to-earnings ratio of 22.11 and a beta of 2.68. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28. Carnival Co. & has a 1-year low of $10.84 and a 1-year high of $19.74.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.12. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The company had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $5.68 billion. During the same period in the prior year, the firm earned ($0.31) earnings per share. Carnival Co. &’s revenue for the quarter was up 17.7% compared to the same quarter last year. On average, research analysts forecast that Carnival Co. & will post 1.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Carnival Co. &

Several institutional investors and hedge funds have recently made changes to their positions in CCL. Prime Capital Investment Advisors LLC grew its holdings in Carnival Co. & by 25.9% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 16,566 shares of the company’s stock valued at $307,000 after buying an additional 3,406 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Carnival Co. & by 1.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 147,632 shares of the company’s stock valued at $2,737,000 after acquiring an additional 1,521 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Carnival Co. & by 59.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 173,086 shares of the company’s stock valued at $3,209,000 after acquiring an additional 64,266 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in Carnival Co. & by 69.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 36,887 shares of the company’s stock worth $684,000 after acquiring an additional 15,109 shares during the period. Finally, Cerity Partners LLC acquired a new stake in Carnival Co. & in the 4th quarter worth about $330,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

About Carnival Co. &

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.