Mizuho Issues Positive Forecast for Carnival Co. & (NYSE:CCL) Stock Price

Carnival Co. & (NYSE:CCL) had its price objective increased by research analysts at Mizuho from $32.00 to $33.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s target price suggests a potential upside of 55.63% from the company’s previous close.

Several other research firms have also recently issued reports on CCL. Stifel Nicolaus increased their price objective on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday. Morgan Stanley upped their target price on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a report on Wednesday, January 8th. Wells Fargo & Company upped their target price on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Barclays upped their target price on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. Finally, Loop Capital decreased their price objective on Carnival Co. & from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Monday. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $26.78.

Carnival Co. & Price Performance

NYSE:CCL traded up $0.26 during trading hours on Monday, hitting $21.20. The company’s stock had a trading volume of 3,256,975 shares, compared to its average volume of 26,255,368. The business’s 50-day moving average is $24.19 and its two-hundred day moving average is $23.04. The company has a market capitalization of $24.69 billion, a PE ratio of 15.25, 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. Carnival Co. & has a 52-week low of $13.78 and a 52-week high of $28.72.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.11. The firm had revenue of $5.81 billion during the quarter, compared to analysts’ expectations of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. Carnival Co. &’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.14) earnings per share. As a group, research analysts anticipate that Carnival Co. & will post 1.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its position in shares of Carnival Co. & by 1.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company’s stock worth $4,384,000 after acquiring an additional 1,678 shares in the last quarter. Illinois Municipal Retirement Fund grew its position in shares of Carnival Co. & by 153.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company’s stock worth $8,386,000 after acquiring an additional 203,710 shares in the last quarter. Private Advisor Group LLC grew its position in shares of Carnival Co. & by 26.6% in the 4th quarter. Private Advisor Group LLC now owns 86,837 shares of the company’s stock worth $2,164,000 after acquiring an additional 18,269 shares in the last quarter. Convergence Investment Partners LLC boosted its position in Carnival Co. & by 54.4% during the 4th quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company’s stock valued at $1,002,000 after purchasing an additional 14,165 shares during the period. Finally, Cerity Partners LLC boosted its position in Carnival Co. & by 181.7% during the 3rd quarter. Cerity Partners LLC now owns 123,815 shares of the company’s stock valued at $2,288,000 after purchasing an additional 79,857 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

About Carnival Co. &

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.