Carnival Corp. Rating Increased to Overweight at HSBC (CCL)
Carnival Corp. (NYSE:CCL) was upgraded by research analysts at HSBC from a “neutral” rating to an “overweight” rating in a report released on Thursday, American Banking and Market News reports. The firm currently has a $43.50 price objective on the stock, up from their previous price objective of $33.00. HSBC’s target price suggests a potential upside of 12.64% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd upgraded shares of Carnival Corp. from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, January 28th. Separately, analysts at SunTrust upgraded shares of Carnival Corp. from a “reduce” rating to a “neutral” rating in a research note to investors on Monday, January 13th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Carnival Corp. in a research note to investors on Friday, January 10th. They now have a $42.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $173.74.
Carnival Corp. (NYSE:CCL) opened at 38.62 on Thursday. Carnival Corp. has a 1-year low of $31.44 and a 1-year high of $41.89. The stock has a 50-day moving average of $39.90 and a 200-day moving average of $36.56. The company has a market cap of $29.969 billion and a P/E ratio of 28.09.
Carnival Corp. (NYSE:CCL) last posted its quarterly 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 previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Analysts expect that Carnival Corp. will post $1.69 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 14th. Investors of record on Friday, February 21st will be given a dividend of 0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Wednesday, February 19th.
Carnival Corporation is a cruise company. The Company operates in two segments: North America and Europe, Australia & Asia (NYSE:CCL).
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