JPMorgan Chase & Co. Boosts Carnival Co. & (NYSE:CCL) Price Target to $23.00

Carnival Co. & (NYSE:CCL) had its price target upped by equities researchers at JPMorgan Chase & Co. from $22.00 to $23.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 33.80% from the company’s previous close.

Several other research firms also recently weighed in on CCL. Mizuho initiated coverage on Carnival Co. & in a research note on Tuesday. They set a “buy” rating and a $21.00 price target on the stock. Deutsche Bank Aktiengesellschaft upped their price target on Carnival Co. & from $14.00 to $18.00 and gave the stock a “hold” rating in a report on Friday, December 22nd. Stifel Nicolaus upped their price target on Carnival Co. & from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, December 22nd. William Blair reissued an “outperform” rating on shares of Carnival Co. & in a report on Tuesday, March 19th. Finally, Susquehanna dropped their price target on Carnival Co. & from $23.00 to $22.00 and set a “positive” rating for the company in a research report on Monday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, Carnival Co. & presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.42.

Carnival Co. & Price Performance

Shares of CCL stock opened at $17.19 on Thursday. Carnival Co. & has a 52-week low of $8.70 and a 52-week high of $19.74. The company has a debt-to-equity ratio of 4.14, a quick ratio of 0.41 and a current ratio of 0.46. The firm has a market capitalization of $19.24 billion, a P/E ratio of -143.24 and a beta of 2.54. The stock has a 50 day moving average price of $16.03 and a 200 day moving average price of $15.33.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04. Carnival Co. & had a positive return on equity of 0.02% and a negative net margin of 0.34%. The business had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.42 billion. During the same period last year, the business posted ($0.55) EPS. The business’s revenue was up 22.0% compared to the same quarter last year. As a group, sell-side analysts predict that Carnival Co. & will post 0.99 earnings per share for the current year.

Insider Buying and Selling at Carnival Co. &

In other Carnival Co. & news, CFO David Bernstein sold 153,995 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the completion of the sale, the chief financial officer now directly owns 181,981 shares of the company’s stock, valued at approximately $2,797,047.97. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 11.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Carnival Co. &

A number of large investors have recently modified their holdings of the business. American Century Companies Inc. grew its holdings in shares of Carnival Co. & by 13.3% in the 1st quarter. American Century Companies Inc. now owns 33,016 shares of the company’s stock worth $667,000 after acquiring an additional 3,869 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Carnival Co. & by 7.2% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 108,222 shares of the company’s stock worth $2,188,000 after buying an additional 7,248 shares in the last quarter. Yousif Capital Management LLC raised its stake in Carnival Co. & by 3.4% in the 1st quarter. Yousif Capital Management LLC now owns 137,825 shares of the company’s stock valued at $2,787,000 after purchasing an additional 4,536 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Carnival Co. & by 2.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,734,230 shares of the company’s stock valued at $95,697,000 after purchasing an additional 93,169 shares during the last quarter. Finally, Aviva PLC raised its stake in Carnival Co. & by 25.5% in the 1st quarter. Aviva PLC now owns 152,741 shares of the company’s stock valued at $3,088,000 after purchasing an additional 31,037 shares during the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

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.