Barclays Boosts Carnival Co. & (NYSE:CCL) Price Target to $26.00

Carnival Co. & (NYSE:CCL) had its price target increased by Barclays from $25.00 to $26.00 in a research report released on Tuesday, Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts have also commented on the stock. Truist Financial upped their price objective on shares of Carnival Co. & from $17.00 to $20.00 and gave the company a hold rating in a research note on Tuesday, July 23rd. Susquehanna reaffirmed a positive rating and set a $22.00 price target on shares of Carnival Co. & in a research report on Wednesday, June 26th. Mizuho lifted their price objective on Carnival Co. & from $25.00 to $26.00 and gave the stock an outperform rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft upped their target price on Carnival Co. & from $18.00 to $19.00 and gave the company a hold rating in a research report on Wednesday, June 26th. Finally, Argus lifted their target price on Carnival Co. & from $20.00 to $25.00 and gave the stock a buy rating in a report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $22.97.

Carnival Co. & Stock Up 3.9 %

Shares of CCL opened at $18.02 on Tuesday. The stock’s 50-day moving average price is $16.58 and its two-hundred day moving average price is $16.29. Carnival Co. & has a 12 month low of $10.84 and a 12 month high of $19.74. The company has a market capitalization of $20.22 billion, a PE ratio of 27.72 and a beta of 2.69. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 3.99.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Monday, September 30th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The company had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.82 billion. During the same period in the previous year, the firm earned $0.86 earnings per share. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. On average, analysts anticipate that Carnival Co. & will post 1.21 EPS for the current year.

Institutional Trading of Carnival Co. &

Several hedge funds have recently bought and sold shares of the business. Continuum Advisory LLC lifted its stake in shares of Carnival Co. & by 22.1% in the second quarter. Continuum Advisory LLC now owns 3,480 shares of the company’s stock valued at $65,000 after buying an additional 630 shares in the last quarter. GAMMA Investing LLC lifted its position in Carnival Co. & by 7.5% in the 1st quarter. GAMMA Investing LLC now owns 10,356 shares of the company’s stock valued at $169,000 after acquiring an additional 726 shares in the last quarter. Texas Permanent School Fund Corp boosted its stake in Carnival Co. & by 0.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 206,795 shares of the company’s stock valued at $3,379,000 after purchasing an additional 729 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in Carnival Co. & by 2.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 26,174 shares of the company’s stock worth $490,000 after purchasing an additional 737 shares in the last quarter. Finally, Fidelis Capital Partners LLC raised its stake in shares of Carnival Co. & by 6.6% in the second quarter. Fidelis Capital Partners LLC now owns 12,368 shares of the company’s stock worth $232,000 after purchasing an additional 764 shares during the last quarter. Institutional investors and hedge funds 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.