Carnival Corp. Upgraded to “Strong-Buy” by S&P Equity Research (CCL)
Carnival Corp. (NYSE:CCL) was upgraded by equities research analysts at S&P Equity Research from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday, AR Network reports.
A number of other analysts have also recently weighed in on CCL. Analysts at Thomson Reuters/Verus downgraded shares of Carnival Corp. from a “hold” rating to a “sell” rating in a research note to investors on Monday, October 28th. Separately, 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. Finally, 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. Six equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $156.87.
Carnival Corp. (NYSE:CCL) opened at 34.84 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 $34.09 and a 200-day moving average of $34.84. The company has a market cap of $27.036 billion and a P/E ratio of 24.42.
Carnival Corp. (NYSE:CCL) last issued its quarterly earnings data on Tuesday, September 24th. The company reported $1.38 earnings per share for the quarter, beating the analysts’ 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.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 13th. Investors of record on Friday, November 22nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend 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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