Carnival Corp. Price Target Cut to $30.00 (CCL)
Stock analysts at Credit Suisse decreased their price objective on shares of Carnival Corp. (NYSE:CCL) to $30.00 in a report issued on Monday, Analyst Ratings Network.com reports. Credit Suisse’s price target would suggest a potential downside of 6.98% from the stock’s previous close.
Shares of Carnival Corp. (NYSE:CCL) traded down 1.01% on Monday, hitting $31.925. The stock had a trading volume of 1,950,085 shares. Carnival Corp. has a 52 week low of $31.44 and a 52 week high of $39.95. The stock’s 50-day moving average is $35.10 and its 200-day moving average is $34.86. The company has a market cap of $24.774 billion and a price-to-earnings ratio of 22.73.
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 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. On average, analysts predict that Carnival Corp. will post $1.55 earnings per share for the current fiscal year.
CCL has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Carnival Corp. in a research note to investors on Monday, October 7th. They now have a $34.00 price target on the stock. Separately, analysts at SunTrust initiated coverage on shares of Carnival Corp. in a research note to investors on Friday, October 4th. They set a “reduce” rating and a $26.00 price target on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Carnival Corp. to $31.00 in a research note to investors on Thursday, October 3rd. They now have a “hold” rating on the stock. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have assigned a buy rating to the company’s stock. Carnival Corp. has a consensus rating of “Hold” and a consensus price target of $156.87.
Carnival Corporation is a cruise company. The Company operates in two segments: North America and Europe, Australia & Asia (NYSE:CCL).
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