Stifel Nicolaus Raises Carnival Co. & (NYSE:CCL) Price Target to $33.00

Carnival Co. & (NYSE:CCL) had its price objective raised by Stifel Nicolaus from $31.00 to $33.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently weighed in on CCL. Northcoast Research started coverage on Carnival Co. & in a report on Friday, April 25th. They issued a “neutral” rating for the company. BNP Paribas initiated coverage on Carnival Co. & in a report on Thursday, March 27th. They issued an “outperform” rating and a $26.00 price target for the company. Citigroup upped their target price on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, June 5th. Mizuho increased their target price on Carnival Co. & from $32.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, March 24th. Finally, Barclays reduced their target price on Carnival Co. & from $32.00 to $26.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Carnival Co. & currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.58.

Carnival Co. & Stock Down 2.6%

Shares of NYSE:CCL opened at $23.88 on Wednesday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. Carnival Co. & has a 1 year low of $13.78 and a 1 year high of $28.72. The stock has a market capitalization of $27.86 billion, a P/E ratio of 17.18, a PEG ratio of 0.73 and a beta of 2.58. The stock has a 50-day simple moving average of $20.66 and a 200-day simple moving average of $22.96.

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

Institutional Investors Weigh In On Carnival Co. &

Several large investors have recently added to or reduced their stakes in the stock. Hartford Investment Management Co. increased its position in Carnival Co. & by 0.6% in the fourth quarter. Hartford Investment Management Co. now owns 64,231 shares of the company’s stock worth $1,601,000 after buying an additional 387 shares during the period. Prestige Wealth Management Group LLC increased its position in Carnival Co. & by 23.1% in the fourth quarter. Prestige Wealth Management Group LLC now owns 2,173 shares of the company’s stock worth $54,000 after buying an additional 408 shares during the period. Avidian Wealth Enterprises LLC increased its position in Carnival Co. & by 4.6% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock worth $267,000 after buying an additional 468 shares during the period. Sound View Wealth Advisors Group LLC increased its position in Carnival Co. & by 3.3% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company’s stock worth $372,000 after buying an additional 475 shares during the period. Finally, SouthState Corp increased its position in Carnival Co. & by 9.8% in the first quarter. SouthState Corp now owns 5,976 shares of the company’s stock worth $117,000 after buying an additional 531 shares during the period. 67.19% of the stock is owned by institutional investors and hedge funds.

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.