Carnival Corp. Sets New 1-Year Low at $32.06 (CCL)
Carnival Corp. (NYSE:CCL) set a new 52-week low during mid-day trading on Friday, American Banking & Market News reports. The stock traded as low as $32.06 and last traded at $32.43, with a volume of 2,936,382 shares. The stock had previously closed at $32.36.
CCL has been the subject of a number of recent research reports. Analysts at SunTrust initiated coverage on shares of Carnival Corp. (NYSE:CCL) in a research note to investors on Friday. They set a “reduce” rating and a $26.00 price target on the stock. Separately, analysts at Jefferies Group cut their price target on shares of Carnival Corp. (NYSE:CCL) to $31.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Finally, 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. Five 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 stock. The company currently has a consensus rating of “Hold” and a consensus price target of $157.13.
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 $35.75 and a 200-day moving average of $34.92. The company has a market cap of $25.133 billion and a P/E ratio of 22.80.
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.
Carnival Corporation is a cruise company. The Company operates in two segments: North America and Europe, Australia & Asia (NYSE:CCL).
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