Other equities analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Carnival Corp. from a hold rating to a sell rating in a report on Friday, July 1st. Buckingham Research increased their price objective on shares of Carnival Corp. from $53.00 to $55.00 and gave the company a buy rating in a report on Tuesday, September 27th. Goldman Sachs Group Inc. increased their price objective on shares of Carnival Corp. from $46.50 to $52.00 and gave the company a neutral rating in a report on Wednesday, June 29th. Barclays PLC reaffirmed a hold rating and set a $56.00 price objective (down from $58.00) on shares of Carnival Corp. in a report on Wednesday, June 29th. Finally, Nomura reaffirmed a buy rating and set a $62.00 price objective on shares of Carnival Corp. in a report on Wednesday, June 29th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $55.92.
Carnival Corp. (NYSE:CCL) traded down 0.87% during midday trading on Tuesday, reaching $48.76. 1,484,736 shares of the company’s stock traded hands. Carnival Corp. has a 1-year low of $40.52 and a 1-year high of $55.77. The company has a market capitalization of $35.59 billion, a price-to-earnings ratio of 15.16 and a beta of 0.80. The firm’s 50-day moving average is $46.91 and its 200-day moving average is $47.80.
Carnival Corp. (NYSE:CCL) last posted its quarterly earnings data on Monday, September 26th. The company reported $1.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.89 by $0.03. The business had revenue of $5.10 billion for the quarter. Carnival Corp. had a net margin of 15.10% and a return on equity of 10.76%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.75 earnings per share. Analysts forecast that Carnival Corp. will post $8.25 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, August 26th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend was Wednesday, August 24th. Carnival Corp.’s dividend payout ratio is presently 42.94%.
Several large investors have recently made changes to their positions in the stock. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Carnival Corp. during the second quarter worth $783,000. Kentucky Retirement Systems bought a new stake in shares of Carnival Corp. during the second quarter worth $1,648,000. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Carnival Corp. by 10.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 931,382 shares of the company’s stock worth $41,167,000 after buying an additional 86,829 shares in the last quarter. Mason Street Advisors LLC bought a new stake in shares of Carnival Corp. during the second quarter worth $2,610,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Carnival Corp. by 4.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,109 shares of the company’s stock worth $182,000 after buying an additional 162 shares in the last quarter. Institutional investors and hedge funds own 77.99% of the company’s stock.
Carnival Corp. Company Profile
Carnival Corporation is a leisure travel company. The Company is a cruise company and provides vacations to cruise destinations throughout the world. The Company aggregates its approximately nine global, regional and national cruise brands into North America, and Europe, Australia & Asia (EAA) segments.
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