Carnival Corp. Upgraded to Neutral by SunTrust (CCL)
Carnival Corp. (NYSE:CCL) was upgraded by investment analysts at SunTrust from a “reduce” rating to a “neutral” rating in a note issued to investors on Monday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on CCL. Analysts at Zacks reiterated a “neutral” rating on shares of Carnival Corp. in a research note to investors on Friday. They now have a $42.00 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Carnival Corp. from $41.00 to $43.00 in a research note to investors on Friday, December 20th. They now have a “buy” rating on the stock. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $165.64.
Carnival Corp. (NYSE:CCL) traded up 0.41% during mid-day trading on Monday, hitting $41.42. 7,469,535 shares of the company’s stock traded hands. Carnival Corp. has a one year low of $31.44 and a one year high of $41.89. The stock’s 50-day moving average is $37.76 and its 200-day moving average is $36.0. The company has a market cap of $32.142 billion and a price-to-earnings ratio of 29.68.
Carnival Corp. (NYSE:CCL) last announced its earnings results on Thursday, December 19th. The company reported $0.04 earnings per share for the quarter. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. On average, analysts predict that Carnival Corp. will post $1.69 earnings per share 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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