Brokerages Set Carnival Co. & plc (NYSE:CCL) Target Price at $21.61

Shares of Carnival Co. & plc (NYSE:CCL) have received an average rating of “Moderate Buy” from the twenty brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seventeen have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $22.00.

A number of equities analysts have weighed in on the company. Tigress Financial boosted their price target on Carnival Co. & from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a research report on Monday, April 22nd. Citigroup upped their target price on Carnival Co. & from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday. The Goldman Sachs Group initiated coverage on Carnival Co. & in a research report on Wednesday, March 13th. They issued a “buy” rating and a $20.00 target price on the stock. Finally, Barclays upped their target price on Carnival Co. & from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th.

Institutional Investors Weigh In On Carnival Co. &

Several institutional investors and hedge funds have recently added to or reduced their stakes in CCL. Richardson Capital Management LLC bought a new stake in Carnival Co. & during the first quarter worth $26,000. Friedenthal Financial bought a new position in shares of Carnival Co. & in the 4th quarter valued at $28,000. Hanseatic Management Services Inc. bought a new position in shares of Carnival Co. & in the 3rd quarter valued at $30,000. ICA Group Wealth Management LLC bought a new position in shares of Carnival Co. & in the 4th quarter valued at $31,000. Finally, BNP Paribas bought a new position in shares of Carnival Co. & in the 1st quarter valued at $32,000. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Price Performance

Shares of NYSE CCL opened at $18.72 on Friday. The business’s 50 day moving average price is $15.64 and its two-hundred day moving average price is $16.14. The company has a market cap of $21.01 billion, a PE ratio of 28.80 and a beta of 2.57. The company has a quick ratio of 0.32, a current ratio of 0.28 and a debt-to-equity ratio of 3.99. Carnival Co. & has a twelve month low of $10.84 and a twelve month high of $19.74.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.12. The firm had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $5.68 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The business’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.31) earnings per share. On average, analysts predict that Carnival Co. & will post 1.19 EPS for the current year.

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.