Carnival Corp. Price Target Lowered to $32.00 at JPMorgan Chase & Co. (CCL)
JPMorgan Chase & Co. lowered their price objective on shares of Carnival Corp. (NYSE:CCL) from $34.00 to $32.00 in a research note issued on Wednesday, AnalystRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective suggests a potential downside of 7.35% from the stock’s previous close.
Carnival Corp. (NYSE:CCL) traded down 5.33% during mid-day trading on Wednesday, hitting $32.70. 23,729,596 shares of the company’s stock traded hands. Carnival Corp. has a 52-week low of $32.06 and a 52-week high of $39.95. The stock has a 50-day moving average of $36.59 and a 200-day moving average of $35.05. The company has a market cap of $25.343 billion and a P/E ratio of 17.89. Carnival Corp. also was the recipient of unusually large options trading on Tuesday. Stock investors bought 10,086 put options on the stock. This is an increase of approximately 660% compared to the typical volume of 1,327 put options.
Carnival Corp. (NYSE:CCL) last released its earnings data on Tuesday, September 24th. The company reported $1.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.30 by $0.08. The company had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.72 billion. During the same quarter in the prior year, the company posted $1.53 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. Analysts expect that Carnival Corp. will post $1.55 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Carnival Corp. (NYSE:CCL) in a research note to investors on Wednesday. They now have a $36.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Carnival Corp. (NYSE:CCL) in a research note to investors on Wednesday. They now have a $39.00 price target on the stock, down previously from $40.00. Finally, analysts at UBS AG cut their price target on shares of Carnival Corp. (NYSE:CCL) from $39.00 to $35.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock.
Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $164.83.
Carnival Corporation is a cruise company. The Company operates in two segments: North America and Europe, Australia & Asia (NYSE:CCL).
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