Analysts Set Carnival Co. & plc (NYSE:CCL) Target Price at $26.89

Carnival Co. & plc (NYSE:CCL) has received an average rating of “Moderate Buy” from the nineteen analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $26.94.

CCL has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised their price target on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. William Blair restated an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. Truist Financial upped their target price on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a report on Friday, January 24th. Citigroup cut their price objective on Carnival Co. & from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Mizuho raised their target price on Carnival Co. & from $32.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday.

Institutional Trading of Carnival Co. &

A number of institutional investors have recently modified their holdings of CCL. PKO Investment Management Joint Stock Co purchased a new stake in Carnival Co. & in the 4th quarter worth approximately $2,243,000. Centaurus Financial Inc. purchased a new stake in Carnival Co. & in the fourth quarter worth $348,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Carnival Co. & in the fourth quarter valued at $11,249,000. Jefferies Financial Group Inc. purchased a new position in Carnival Co. & during the 4th quarter valued at $353,000. Finally, Advisor Resource Council bought a new position in Carnival Co. & in the 4th quarter worth $541,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Co. & Stock Performance

Shares of CCL opened at $20.92 on Monday. Carnival Co. & has a one year low of $13.78 and a one year high of $28.72. The company has a market cap of $24.35 billion, a PE ratio of 15.05, a P/E/G ratio of 0.73 and a beta of 2.66. The stock has a 50-day moving average of $23.99 and a 200-day moving average of $23.10. 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 quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter in the prior year, the company posted ($0.14) earnings per share. The business’s revenue was up 7.5% on a year-over-year basis. On average, equities research analysts predict that Carnival Co. & will post 1.77 EPS for the current fiscal year.

Carnival Co. & Company Profile

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.