Carnival Co. & (NYSE:CCL) Price Target Raised to $25.00 at Mizuho

Carnival Co. & (NYSE:CCL) had its price target lifted by Mizuho from $22.00 to $25.00 in a research report released on Thursday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.

CCL has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Carnival Co. & from $18.00 to $19.00 and gave the company a hold rating in a research report on Wednesday, June 26th. Morgan Stanley increased their target price on shares of Carnival Co. & from $13.50 to $15.00 and gave the company an underweight rating in a research report on Wednesday, August 7th. Hsbc Global Res raised shares of Carnival Co. & to a moderate sell rating in a research report on Tuesday, September 3rd. Argus increased their target price on shares of Carnival Co. & from $20.00 to $25.00 and gave the company a buy rating in a research report on Thursday, June 27th. Finally, Citigroup raised their price objective on shares of Carnival Co. & from $18.00 to $22.00 and gave the stock a buy rating in a research report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $22.63.

Carnival Co. & Trading Up 1.3 %

Shares of NYSE:CCL opened at $19.00 on Thursday. Carnival Co. & has a 52 week low of $10.84 and a 52 week high of $19.74. The company’s 50 day moving average is $16.59 and its two-hundred day moving average is $16.14. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 3.99. The company has a market cap of $21.33 billion, a PE ratio of 29.23 and a beta of 2.68.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Tuesday, June 25th. The company reported $0.11 EPS for the quarter, beating 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 net margin of 3.86% and a return on equity of 15.22%. The company’s revenue was up 17.7% on a year-over-year basis. During the same period last year, the firm posted ($0.31) EPS. Equities analysts predict that Carnival Co. & will post 1.19 earnings per share for the current fiscal year.

Institutional Trading of Carnival Co. &

Several hedge funds have recently made changes to their positions in the company. TCW Group Inc. acquired a new stake in shares of Carnival Co. & in the fourth quarter valued at about $280,000. Empowered Funds LLC lifted its stake in shares of Carnival Co. & by 29.4% in the first quarter. Empowered Funds LLC now owns 16,467 shares of the company’s stock valued at $269,000 after purchasing an additional 3,741 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in shares of Carnival Co. & by 72.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 246,026 shares of the company’s stock valued at $4,223,000 after purchasing an additional 103,501 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Carnival Co. & by 7.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 176,147 shares of the company’s stock valued at $3,266,000 after purchasing an additional 12,017 shares during the period. Finally, Cetera Advisors LLC lifted its stake in shares of Carnival Co. & by 38.3% in the first quarter. Cetera Advisors LLC now owns 40,708 shares of the company’s stock valued at $665,000 after purchasing an additional 11,276 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

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.