Stifel Nicolaus Boosts Carnival Co. & (NYSE:CCL) Price Target to $31.00

Carnival Co. & (NYSE:CCL) had its target price upped by Stifel Nicolaus from $30.00 to $31.00 in a research report report published on Monday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently weighed in on CCL. Morgan Stanley lifted their price objective on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, January 8th. Truist Financial boosted their price target on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. The Goldman Sachs Group raised their price objective on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Sanford C. Bernstein started coverage on Carnival Co. & in a research report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 target price for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.94.

Carnival Co. & Price Performance

Shares of NYSE:CCL opened at $20.92 on Monday. The firm’s 50 day moving average is $23.99 and its two-hundred day moving average is $23.10. The firm has a market capitalization of $24.35 billion, a P/E ratio of 15.05, a PEG ratio of 0.73 and a beta of 2.66. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. Carnival Co. & has a 52 week low of $13.78 and a 52 week high of $28.72.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. The business had revenue of $5.81 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.14) EPS. Analysts anticipate that Carnival Co. & will post 1.77 earnings per share for the current year.

Hedge Funds Weigh In On Carnival Co. &

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Carnival Co. & by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company’s stock valued at $2,918,022,000 after buying an additional 4,458,329 shares in the last quarter. State Street Corp lifted its position in shares of Carnival Co. & by 5.9% in the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company’s stock valued at $765,563,000 after acquiring an additional 2,301,906 shares in the last quarter. Geode Capital Management LLC boosted its stake in Carnival Co. & by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 25,228,416 shares of the company’s stock worth $627,053,000 after purchasing an additional 1,201,256 shares during the period. Nuveen Asset Management LLC grew its position in Carnival Co. & by 33.7% during the 4th quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company’s stock worth $569,423,000 after purchasing an additional 5,761,489 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Carnival Co. & by 4.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 18,649,543 shares of the company’s stock valued at $464,747,000 after purchasing an additional 877,694 shares during the period. Hedge funds and other institutional investors own 67.19% of the company’s stock.

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.