Carnival Co. & (NYSE:CCL) Given New $32.00 Price Target at Tigress Financial

Carnival Co. & (NYSE:CCL) had its target price hoisted by analysts at Tigress Financial from $28.00 to $32.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “strong-buy” rating on the stock. Tigress Financial’s price objective would indicate a potential upside of 52.55% from the stock’s previous close.

Several other research analysts also recently weighed in on the stock. Loop Capital decreased their target price on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Monday. Stifel Nicolaus boosted their price target on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday. Mizuho lifted their price objective on Carnival Co. & from $32.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday. Citigroup cut their target price on Carnival Co. & from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday. Finally, William Blair reissued an “outperform” rating on shares of Carnival Co. & in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.94.

Carnival Co. & Stock Down 1.3 %

Carnival Co. & stock traded down $0.28 during trading on Wednesday, reaching $20.98. 3,222,075 shares of the company’s stock were exchanged, compared to its average volume of 23,437,934. Carnival Co. & has a 52-week low of $13.78 and a 52-week high of $28.72. The firm has a market cap of $24.42 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 0.73 and a beta of 2.66. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The company’s 50-day moving average is $24.07 and its two-hundred day moving average is $23.11.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.11. The company had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.14) earnings per share. On average, analysts predict that Carnival Co. & will post 1.77 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. PKO Investment Management Joint Stock Co acquired a new stake in shares of Carnival Co. & during the 4th quarter valued at about $2,243,000. Centaurus Financial Inc. bought a new stake in shares of Carnival Co. & in the 4th quarter valued at approximately $348,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Carnival Co. & in the 4th quarter worth approximately $11,249,000. Jefferies Financial Group Inc. bought a new position in shares of Carnival Co. & during the 4th quarter worth approximately $353,000. Finally, Advisor Resource Council acquired a new stake in Carnival Co. & in the 4th quarter valued at $541,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

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.