Carnival Corp. Given New $31.00 Price Target at Jefferies Group (CCL)
Research analysts at Jefferies Group lowered their price objective on shares of Carnival Corp. (NYSE:CCL) to $31.00 in a report released on Thursday, AnalystRatingsNetwork.com reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target suggests a potential downside of 4.11% from the stock’s previous close.
Carnival Corp. (NYSE:CCL) traded down 0.53% on Thursday, hitting $32.16. The stock had a trading volume of 1,624,782 shares. 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 $36.02 and a 200-day moving average of $34.95. The company has a market cap of $24.924 billion and a P/E ratio of 22.78.
Carnival Corp. (NYSE:CCL) last released its 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 previous year, the company posted $1.53 earnings per share. The company’s revenue for the quarter 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 HSBC cut their price target on shares of Carnival Corp. (NYSE:CCL) from $37.50 to $33.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Carnival Corp. (NYSE:CCL) from $34.00 to $33.00 in a research note to investors on Thursday, September 26th. They now have a “neutral” rating on the stock. Finally, 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, September 25th. They now have a “positive” rating on the stock. Four equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $164.42.
Carnival Corporation is a cruise company. The Company operates in two segments: North America and Europe, Australia & Asia (NYSE:CCL).
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