Investors Buy Large Volume of Put Options on Carnival Corp. (CCL)
Carnival Corp. (NYSE:CCL) was the target of some unusual options trading on Wednesday. Stock investors acquired 7,468 put options on the company, American Banking and Market News reports. This represents an increase of approximately 374% compared to the average volume of 1,574 put options.
Several analysts have recently commented on the stock. Analysts at Susquehanna cut their price target on shares of Carnival Corp. (NYSE:CCL) from $43.00 to $40.00 in a research note to investors on Wednesday. They now have a “positive” rating on the stock. Separately, analysts at Nomura cut their price target on shares of Carnival Corp. (NYSE:CCL) from $36.00 to $32.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Finally, analysts at Merrill Lynch downgraded shares of Carnival Corp. (NYSE:CCL) from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday.
Four investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $164.83.
Carnival Corp. (NYSE:CCL) traded down 5.33% on Wednesday, hitting $32.70. The stock had a trading volume of 23,729,596 shares. Carnival Corp. has a one year low of $32.06 and a one year high of $39.95. The stock’s 50-day moving average is $36.59 and its 200-day moving average is $35.05. The company has a market cap of $25.343 billion and a price-to-earnings ratio of 17.89.
Carnival Corp. (NYSE:CCL) last issued its quarterly earnings data on Tuesday, September 24th. The company reported $1.38 EPS for the quarter, beating the Thomson Reuters 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.
Carnival Corporation is a cruise company. The Company operates in two segments: North America and Europe, Australia & Asia (NYSE:CCL).
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