Carnival Corp. Price Target Lowered to $33.00 at Credit Suisse (CCL)
Stock analysts at Credit Suisse lowered their target price on shares of Carnival Corp. (NYSE:CCL) from $34.00 to $33.00 in a report issued on Thursday, Analyst Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. Credit Suisse’s target price suggests a potential upside of 0.21% from the company’s current price.
Shares of Carnival Corp. (NYSE:CCL) traded up 0.70% during mid-day trading on Thursday, hitting $32.93. 9,244,993 shares of the company’s stock traded hands. Carnival Corp. has a 1-year low of $32.06 and a 1-year 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 $25.521 billion and a P/E ratio of 16.93. Carnival Corp. also was the target of some unusual options trading on Tuesday. Investors acquired 10,086 put options on the company. This is an increase of 660% compared to the average 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 (EPS) for the quarter, beating the 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 last year, the company posted $1.53 earnings per share. Carnival Corp.’s revenue was up .9% compared to the same quarter last year. On average, analysts predict that Carnival Corp. will post $1.55 earnings per share for the current fiscal year.
Several other analysts have also 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 research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $164.78.
Carnival Corporation is a cruise company. The Company operates in two segments: North America and Europe, Australia & Asia (NYSE:CCL).
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