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

Carnival Co. & (NYSE:CCL) had its price objective hoisted by research analysts at Barclays from $26.00 to $30.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 25.87% from the stock’s previous close.

Several other research firms also recently commented on CCL. Northcoast Research initiated coverage on Carnival Co. & in a report on Friday, April 25th. They issued a “neutral” rating on the stock. Wall Street Zen upgraded shares of Carnival Co. & from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th. HSBC upgraded shares of Carnival Co. & from a “reduce” rating to a “hold” rating and set a $24.00 price objective for the company in a research note on Friday, May 16th. Macquarie cut their price target on shares of Carnival Co. & from $31.00 to $26.00 and set an “outperform” rating on the stock in a report on Friday, May 9th. Finally, Truist Financial reduced their price target on shares of Carnival Co. & from $30.00 to $27.00 and set a “hold” rating for the company in a research report on Monday, May 19th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.79.

Carnival Co. & Stock Up 6.4%

Shares of Carnival Co. & stock opened at $23.83 on Tuesday. Carnival Co. & has a 1 year low of $13.78 and a 1 year high of $28.72. The firm has a market cap of $27.80 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 0.73 and a beta of 2.58. The company has a 50-day moving average of $21.06 and a 200 day moving average of $22.89. 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 announced its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter last year, the firm earned ($0.14) earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Carnival Co. & will post 1.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Carnival Co. &

Large investors have recently made changes to their positions in the company. N.E.W. Advisory Services LLC bought a new position in shares of Carnival Co. & in the 1st quarter worth approximately $25,000. Graybill Wealth Management LTD. purchased a new stake in Carnival Co. & during the first quarter valued at approximately $26,000. Measured Risk Portfolios Inc. purchased a new stake in Carnival Co. & during the fourth quarter valued at approximately $29,000. Orion Capital Management LLC bought a new position in Carnival Co. & in the fourth quarter worth approximately $30,000. Finally, Banque Transatlantique SA purchased a new position in shares of Carnival Co. & during the 1st quarter worth $33,000. 67.19% of the stock is currently owned by institutional investors.

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.