Carnival Corporation (CCL) PT Raised to $75.00 at Instinet

Xavier Trudeau
Juillet 17, 2017

Finally, Wolfe Research raised shares of Carnival Corporation from a market perform rating to an outperform rating in a report on Thursday, May 25th. William Blair analyst S. Zackfia now expects that the company will post earnings of $2.20 per share for the quarter, up from their prior estimate of $2.16. William Blair now has a "Outperform" rating on the stock.

Several other research firms also recently commented on CCL.

Carnival Corporation (NYSE:CCL) had its price objective boosted by Instinet from $72.00 to $75.00 in a report published on Friday, June 23rd. Zacks Investment Research upgraded shares of Carnival Corporation from a "sell" rating to a "hold" rating in a research note on Friday, March 10th.

Carnival plc (LON:CCL)'s stock had its "outperform" rating reaffirmed by research analysts at Credit Suisse Group in a report issued on Wednesday, July 5th. Stifel Nicolaus increased their target price on shares of Carnival Corporation from $65.00 to $68.00 and gave the stock a "buy" rating in a report on Wednesday, March 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company's stock. Carnival Corporation presently has a consensus rating of "Buy" and an average target price of $61.07. Equities analysts forecast that Carnival Corporation will post $3.74 earnings per share for the current year. If you are reading this news story on another domain, it was copied illegally and republished in violation of USA & worldwide copyright & trademark law. The legal version of this piece of content can be read at

Shares of Carnival Corporation (NYSE CCL) opened at 65.75 on Monday. Carnival Corporation has a one year low of $44.11 and a one year 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. The firm has a market capitalization of $47.86 billion, a P/E ratio of 17.48 and a beta of 0.70.

Carnival Corporation (NYSE:CCL) last released its quarterly earnings data on Thursday, June 22nd. Carnival Corporation had a net margin of 16.48% and a return on equity of 11.26%. The company had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter a year ago, the business posted $0.49 EPS. The business's revenue was up 6.5% on a year-over-year basis.

A number of institutional investors have recently modified their holdings of the company. Dubuque Bank & Trust Co. purchased a new stake in Carnival Corporation during the first quarter valued at $106,000. State Street Corp boosted its position in Carnival Corporation by 1.6% in the first quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in Carnival Corporation during the fourth quarter worth approximately $131,000. Finally, Parallel Advisors LLC boosted its position in Carnival Corporation by 87.9% in the first quarter. Vanguard Group Inc. now owns 27,985,243 shares of the company's stock valued at $1,648,612,000 after buying an additional 1,150,341 shares in the last quarter. BlackRock Inc. now owns 27,919,132 shares of the company's stock valued at $1,644,716,000 after buying an additional 26,912,293 shares during the last quarter. The sale was disclosed in a filing with the SEC, which is available through this link.

In other Carnival Corporation news, Director Sir John Parker sold 19,965 shares of Carnival Corporation stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $60.98, for a total value of $1,217,465.70. Following the completion of the transaction, the director now owns 22,798 shares of the company's stock, valued at $1,390,222.04. The disclosure for this sale can be found here. Carnival Corporation earned a news sentiment score of -0.04 on Accern's scale.

Headlines about Carnival Corporation (NYSE:CUK) have been trending somewhat negative this week, according to Accern Sentiment.

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's segments include North America, and Europe, Australia & Asia (EAA). Its North America segment includes Carnival Cruise Line, Princess Cruises (Princess), Holland America Line and Seabourn.

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