Carnival Co. & (NYSE:CCL) Price Target Increased to $21.00 by Analysts at UBS Group

Carnival Co. & (NYSE:CCL) had its price target upped by UBS Group from $20.00 to $21.00 in a research report released on Tuesday, Benzinga reports. UBS Group currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the stock. Barclays increased their price objective on shares of Carnival Co. & from $24.00 to $25.00 and gave the company an overweight rating in a report on Thursday, March 28th. JPMorgan Chase & Co. raised their target price on shares of Carnival Co. & from $22.00 to $23.00 and gave the stock an overweight rating in a research report on Thursday, March 28th. Susquehanna cut their price objective on shares of Carnival Co. & from $23.00 to $22.00 and set a positive rating on the stock in a report on Monday, March 25th. The Goldman Sachs Group assumed coverage on shares of Carnival Co. & in a report on Wednesday, March 13th. They issued a buy rating and a $20.00 price target on the stock. Finally, Stifel Nicolaus decreased their target price on shares of Carnival Co. & from $26.00 to $25.00 and set a buy rating for the company in a research report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $21.58.

Carnival Co. & Trading Up 0.7 %

Shares of CCL stock opened at $15.01 on Tuesday. Carnival Co. & has a 12-month low of $10.38 and a 12-month high of $19.74. The business has a 50-day moving average price of $15.31 and a two-hundred day moving average price of $15.75. The company has a quick ratio of 0.32, a current ratio of 0.36 and a debt-to-equity ratio of 4.27. The firm has a market cap of $16.84 billion, a P/E ratio of 57.71 and a beta of 2.53.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.04. The business had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.42 billion. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.55) EPS. Equities analysts anticipate that Carnival Co. & will post 1.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Carnival Co. &

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Richardson Capital Management LLC acquired a new stake in shares of Carnival Co. & in the first quarter worth $26,000. Friedenthal Financial bought a new position in shares of Carnival Co. & in the fourth quarter valued at about $28,000. Hanseatic Management Services Inc. bought a new position in shares of Carnival Co. & in the third quarter valued at about $30,000. ICA Group Wealth Management LLC bought a new stake in Carnival Co. & during the 4th quarter worth about $31,000. Finally, BNP Paribas bought a new stake in Carnival Co. & during the 1st quarter worth about $32,000. Institutional investors 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.