Carnival Corp. (NYSE:CCL) has been assigned a consensus recommendation of “Buy” from the twenty-four ratings firms that are currently covering the firm. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $56.28.
CCL has been the topic of several research reports. Bank of America Corp. set a $53.40 price objective on shares of Carnival Corp. and gave the stock a “buy” rating in a report on Wednesday, September 21st. Morgan Stanley downgraded shares of Carnival Corp. from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $54.00 to $48.00 in a report on Friday, September 2nd. Wells Fargo & Co. restated an “outperform” rating on shares of Carnival Corp. in a report on Thursday, June 30th. Zacks Investment Research upgraded shares of Carnival Corp. from a “sell” rating to a “hold” rating in a report on Monday, September 12th. Finally, Sanford C. Bernstein initiated coverage on shares of Carnival Corp. in a report on Thursday, September 8th. They set a “market perform” rating and a $51.00 price objective on the stock.
In other Carnival Corp. news, CFO David Bernstein sold 4,030 shares of the company’s stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $49.18, for a total value of $198,195.40. Following the completion of the sale, the chief financial officer now owns 47,256 shares of the company’s stock, valued at $2,324,050.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 22.00% of the company’s stock.
A number of large investors have recently modified their holdings of CCL. Synovus Financial Corp increased its stake in shares of Carnival Corp. by 0.4% in the second quarter. Synovus Financial Corp now owns 6,689 shares of the company’s stock valued at $295,000 after buying an additional 25 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Carnival Corp. by 0.3% in the second quarter. Thrivent Financial for Lutherans now owns 13,260 shares of the company’s stock valued at $586,000 after buying an additional 40 shares during the last quarter. Shufro Rose & Co. LLC increased its stake in shares of Carnival Corp. by 0.3% in the first quarter. Shufro Rose & Co. LLC now owns 29,450 shares of the company’s stock valued at $1,554,000 after buying an additional 100 shares during the last quarter. Capital Analysts LLC increased its stake in shares of Carnival Corp. by 3.7% in the second quarter. Capital Analysts LLC now owns 3,316 shares of the company’s stock valued at $147,000 after buying an additional 118 shares during the last quarter. Finally, Conning Inc. increased its stake in shares of Carnival Corp. by 1.1% in the second quarter. Conning Inc. now owns 10,914 shares of the company’s stock valued at $482,000 after buying an additional 120 shares during the last quarter. 77.99% of the stock is owned by hedge funds and other institutional investors.
Carnival Corp. (NYSE:CCL) opened at 48.77 on Monday. The stock’s 50 day moving average is $46.98 and its 200 day moving average is $47.80. Carnival Corp. has a 12 month low of $40.52 and a 12 month high of $55.77. The company has a market cap of $35.60 billion, a PE ratio of 15.16 and a beta of 0.80.
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, topping the consensus estimate of $1.89 by $0.03. Carnival Corp. had a net margin of 15.10% and a return on equity of 10.76%. The company had revenue of $5.10 billion for the quarter. During the same quarter in the previous year, the firm posted $1.75 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. Equities analysts predict that Carnival Corp. will post $8.25 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, August 26th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date was Wednesday, August 24th. Carnival Corp.’s dividend payout ratio (DPR) is 42.94%.
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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