A number of other research firms have also recently issued reports on CCL. Zacks Investment Research upgraded shares of Carnival Corporation from a sell rating to a hold rating in a report on Friday, March 10th. Wedbush upped their price objective on shares of Carnival Corporation from $54.00 to $61.00 and gave the company a neutral rating in a research report on Wednesday, March 29th. Wells Fargo & Company raised shares of Carnival Corporation from a market perform rating to an outperform rating in a research report on Tuesday, March 21st. Wolfe Research raised shares of Carnival Corporation from a market perform rating to an outperform rating in a research report on Thursday, May 25th. Finally, William Blair raised shares of Carnival Corporation from a market perform rating to an outperform rating in a research report on Monday, March 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have issued a buy rating to the company. Carnival Corporation currently has a consensus rating of Buy and an average target price of $61.07.
Shares of Carnival Corporation (NYSE CCL) traded down 0.63% during midday trading on Friday, reaching $65.75. The company had a trading volume of 1,950,316 shares. The company has a market capitalization of $47.60 billion, a P/E ratio of 17.39 and a beta of 0.75. Carnival Corporation has a 52 week low of $43.06 and a 52 week high of $67.30. The company’s 50 day moving average price is $63.89 and its 200-day moving average price is $58.40.
Carnival Corporation (NYSE:CCL) last posted its quarterly earnings results on Thursday, June 22nd. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.47 by $0.05. The business had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Carnival Corporation had a net margin of 16.48% and a return on equity of 11.26%. Carnival Corporation’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 EPS. On average, equities research analysts predict that Carnival Corporation will post $3.74 earnings per share for the current fiscal year.
In other Carnival Corporation news, Director Sir John Parker sold 19,965 shares of the business’s stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $60.98, for a total value of $1,217,465.70. Following the completion of the sale, the director now owns 22,798 shares of the company’s stock, valued at approximately $1,390,222.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 23.80% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Cleararc Capital Inc. increased its stake in Carnival Corporation by 0.6% in the first quarter. Cleararc Capital Inc. now owns 10,237 shares of the company’s stock worth $603,000 after buying an additional 63 shares in the last quarter. Blair William & Co. IL boosted its position in shares of Carnival Corporation by 1.7% in the first quarter. Blair William & Co. IL now owns 4,214 shares of the company’s stock valued at $241,000 after buying an additional 72 shares during the last quarter. Private Wealth Partners LLC boosted its position in shares of Carnival Corporation by 0.6% in the first quarter. Private Wealth Partners LLC now owns 15,650 shares of the company’s stock valued at $922,000 after buying an additional 100 shares during the last quarter. Norinchukin Bank The boosted its position in shares of Carnival Corporation by 0.3% in the first quarter. Norinchukin Bank The now owns 57,951 shares of the company’s stock valued at $3,414,000 after buying an additional 147 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Carnival Corporation by 0.4% in the first quarter. Envestnet Asset Management Inc. now owns 53,337 shares of the company’s stock valued at $3,140,000 after buying an additional 189 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.
Carnival Corporation Company Profile
Carnival Corporation is a leisure travel company. The Company is a cruise company of global cruise guests, and a provider of vacations to all cruise destinations throughout the world. The Company operates in four segments: North America, EAA, Cruise Support and, Tour and Other. The Company’s North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises (Princess) and Seabourn.
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