Carnival Raised to “Buy” at TheStreet (CCL)
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Carnival in a research note on Monday, August 11th. They now have a $38.00 price target on the stock. Separately, analysts at Bank of America upgraded shares of Carnival from a “neutral” rating to a “buy” rating in a research note on Thursday, August 7th. They now have a $45.50 price target on the stock, up previously from $42.90. They noted that the move was a valuation call. Finally, analysts at Telsey Advisory Group reiterated a “” rating on shares of Carnival in a research note on Wednesday, June 25th. They now have a $42.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $40.38.
Carnival (NYSE:CCL) traded up 0.29% during mid-day trading on Wednesday, hitting $37.66. 616,409 shares of the company’s stock traded hands. Carnival has a 1-year low of $31.44 and a 1-year high of $41.89. The stock’s 50-day moving average is $36.83 and its 200-day moving average is $38.41. The company has a market cap of $29.262 billion and a P/E ratio of 26.69.
Carnival (NYSE:CCL) last posted its quarterly earnings results on Tuesday, June 24th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.08. The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, analysts predict that Carnival will post $1.75 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 12th. Investors of record on Friday, August 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Wednesday, August 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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