JPMorgan Chase & Co. Boosts Carnival Co. & (NYSE:CCL) Price Target to $25.00

Carnival Co. & (NYSE:CCL) had its target price increased by JPMorgan Chase & Co. from $23.00 to $25.00 in a research report released on Wednesday, Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other analysts have also recently weighed in on CCL. Deutsche Bank Aktiengesellschaft raised their price objective on Carnival Co. & from $18.00 to $19.00 and gave the stock a hold rating in a research report on Wednesday, June 26th. Truist Financial boosted their price target on Carnival Co. & from $17.00 to $20.00 and gave the stock a hold rating in a research note on Tuesday. Stifel Nicolaus cut their price objective on shares of Carnival Co. & from $26.00 to $25.00 and set a buy rating on the stock in a report on Thursday, March 28th. Bank of America lifted their target price on shares of Carnival Co. & from $23.00 to $24.00 and gave the stock a buy rating in a research note on Thursday, June 27th. Finally, Argus upped their price target on shares of Carnival Co. & from $20.00 to $25.00 and gave the company a buy rating in a research note on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $22.11.

Carnival Co. & Stock Performance

Shares of Carnival Co. & stock opened at $17.27 on Wednesday. Carnival Co. & has a one year low of $10.84 and a one year high of $19.74. The company has a market capitalization of $19.38 billion, a PE ratio of 26.57 and a beta of 2.68. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28. The company has a 50-day simple moving average of $16.96 and a two-hundred day simple moving average of $16.11.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.12. The firm had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.68 billion. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. Carnival Co. &’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.31) EPS. Research analysts expect that Carnival Co. & will post 1.18 EPS for the current fiscal year.

Institutional Trading of Carnival Co. &

Institutional investors have recently modified their holdings of the stock. Family Firm Inc. acquired a new position in shares of Carnival Co. & during the 2nd quarter worth about $26,000. Friedenthal Financial acquired a new position in shares of Carnival Co. & during the fourth quarter valued at approximately $28,000. Richardson Capital Management LLC purchased a new position in shares of Carnival Co. & in the first quarter valued at approximately $26,000. ICA Group Wealth Management LLC acquired a new stake in shares of Carnival Co. & in the fourth quarter worth approximately $31,000. Finally, BNP Paribas purchased a new stake in shares of Carnival Co. & during the first quarter worth approximately $32,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Company Profile

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.