Carnival Co. & (NYSE:CCL) Reaches New 1-Year High – Should You Buy?

Carnival Co. & plc (NYSE:CCL)’s share price reached a new 52-week high on Monday . The company traded as high as $22.39 and last traded at $22.14, with a volume of 4117831 shares trading hands. The stock had previously closed at $20.91.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CCL. Mizuho increased their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. JPMorgan Chase & Co. increased their target price on shares of Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Stifel Nicolaus upped their price target on shares of Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Tigress Financial upped their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Finally, Macquarie upped their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $23.53.

Carnival Co. & Stock Up 0.8 %

The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. The firm has a market capitalization of $25.51 billion, a PE ratio of 19.73 and a beta of 2.69. The company’s 50 day simple moving average is $18.45 and its 200-day simple moving average is $16.86.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Monday, September 30th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The firm had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.82 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.86 EPS. On average, analysts forecast that Carnival Co. & plc will post 1.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Carnival Co. &

A number of institutional investors have recently made changes to their positions in CCL. Family Firm Inc. bought a new position in shares of Carnival Co. & in the 2nd quarter worth $26,000. Hantz Financial Services Inc. bought a new position in shares of Carnival Co. & in the 2nd quarter worth $30,000. BNP Paribas bought a new position in shares of Carnival Co. & in the 1st quarter worth $32,000. CVA Family Office LLC increased its holdings in shares of Carnival Co. & by 163.9% in the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock worth $36,000 after buying an additional 1,205 shares during the last quarter. Finally, ORG Partners LLC bought a new position in shares of Carnival Co. & during the 2nd quarter valued at $37,000. Institutional investors 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.