Citigroup Issues Positive Forecast for Carnival Co. & (NYSE:CCL) Stock Price

Carnival Co. & (NYSE:CCL) had its target price hoisted by Citigroup from $25.00 to $28.00 in a report issued on Thursday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

Several other research firms have also recently commented on CCL. HSBC raised Carnival Co. & from a “reduce” rating to a “hold” rating and set a $24.00 target price for the company in a research note on Friday, May 16th. Tigress Financial reaffirmed a “buy” rating on shares of Carnival Co. & in a research note on Wednesday, March 26th. William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. Truist Financial decreased their price objective on Carnival Co. & from $30.00 to $27.00 and set a “hold” rating for the company in a research note on Monday, May 19th. Finally, Barclays decreased their price objective 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $26.47.

Carnival Co. & Trading Up 1.2%

CCL stock opened at $24.31 on Thursday. The business has a fifty day moving average price of $20.29 and a 200 day moving average price of $22.96. Carnival Co. & has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The stock has a market capitalization of $28.36 billion, a price-to-earnings ratio of 17.49, a P/E/G ratio of 0.73 and a beta of 2.58. 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 released its earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.02 by $0.11. The company 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%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the firm earned ($0.14) EPS. Analysts expect that Carnival Co. & will post 1.77 EPS for the current fiscal year.

Hedge Funds Weigh In On Carnival Co. &

A number of institutional investors have recently bought and sold shares of the business. N.E.W. Advisory Services LLC bought a new stake in Carnival Co. & in the 1st quarter valued at $25,000. Graybill Wealth Management LTD. bought a new stake in Carnival Co. & in the 1st quarter valued at $26,000. Measured Risk Portfolios Inc. bought a new stake in Carnival Co. & in the 4th quarter valued at $29,000. Crewe Advisors LLC boosted its stake in Carnival Co. & by 275.8% in the 4th 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 period. Finally, Orion Capital Management LLC bought a new stake in Carnival Co. & in the 4th quarter valued at $30,000. 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.