Carnival Corp. Sees Unusually Large Options Volume (CCL)
Shares of Carnival Corp. (NYSE:CCL) saw some unusual options trading on Thursday. Traders bought 18,322 put options on the company, AR Network reports. This represents an increase of approximately 871% compared to the average volume of 1,886 put options.
Several analysts have recently commented on the stock. Analysts at Credit Suisse cut their price target on shares of Carnival Corp. from $33.00 to $30.00 in a research note to investors on Monday, October 14th. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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. Five investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have issued a buy rating to the stock. Carnival Corp. presently has a consensus rating of “Hold” and an average price target of $156.87.
Shares of Carnival Corp. (NYSE:CCL) opened at 34.69 on Friday. 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 $36.77 and a 200-day moving average of $35.02. The company has a market cap of $26.919 billion and a price-to-earnings ratio of 24.45.
Carnival Corp. (NYSE:CCL) last posted its quarterly earnings results 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. On average, analysts predict that Carnival Corp. will post $1.55 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 13th. Investors of record on Friday, November 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Wednesday, November 20th.
Carnival Corporation is a cruise company. The Company operates in two segments: North America and Europe, Australia & Asia (NYSE:CCL).
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