Carnival Co. & (NYSE:CCL) Given New $22.00 Price Target at Loop Capital

Carnival Co. & (NYSE:CCL) had its price objective increased by analysts at Loop Capital from $21.00 to $22.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the stock. Loop Capital’s target price indicates a potential downside of 7.68% from the company’s current price.

Several other equities research analysts also recently weighed in on the company. Barclays reduced their price target on Carnival Co. & from $32.00 to $26.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen raised Carnival Co. & from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a research report on Monday, March 10th. Citigroup decreased their target price on Carnival Co. & from $31.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Carnival Co. & in a research report on Wednesday, March 26th. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $26.58.

Carnival Co. & Price Performance

NYSE:CCL opened at $23.83 on Tuesday. The firm has a market capitalization of $27.80 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 0.73 and a beta of 2.58. Carnival Co. & has a 1 year low of $13.78 and a 1 year high of $28.72. The business has a 50 day simple moving average of $20.10 and a 200-day simple moving average of $22.99. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25.

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

Hedge Funds Weigh In On Carnival Co. &

Several institutional investors and hedge funds have recently modified their holdings of CCL. Caprock Group LLC lifted its holdings in shares of Carnival Co. & by 18.7% in the 4th quarter. Caprock Group LLC now owns 12,925 shares of the company’s stock valued at $322,000 after buying an additional 2,032 shares during the period. Spire Wealth Management lifted its holdings in shares of Carnival Co. & by 467.8% in the 4th quarter. Spire Wealth Management now owns 45,733 shares of the company’s stock valued at $1,140,000 after buying an additional 37,678 shares during the period. Greenleaf Trust lifted its holdings in shares of Carnival Co. & by 7.5% in the 4th quarter. Greenleaf Trust now owns 14,251 shares of the company’s stock valued at $355,000 after buying an additional 1,000 shares during the period. Patron Partners LLC acquired a new position in shares of Carnival Co. & in the 4th quarter valued at about $201,000. Finally, Sargent Investment Group LLC lifted its holdings in shares of Carnival Co. & by 7.8% in the 4th quarter. Sargent Investment Group LLC now owns 32,896 shares of the company’s stock valued at $786,000 after buying an additional 2,372 shares during the period. Institutional investors and hedge funds 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.