Carnival Corporation (NYSE:CCL)‘s stock had its “neutral” rating reiterated by stock analysts at Goldman Sachs Group, Inc. (The) in a research note issued to investors on Tuesday.

Several other research firms have also commented on CCL. Instinet raised their target price on Carnival Corporation from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, June 23rd. Bank of America Corporation reaffirmed a “buy” rating and set a $73.20 target price on shares of Carnival Corporation in a report on Monday, July 24th. BidaskClub lowered Carnival Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. William Blair reaffirmed an “outperform” rating on shares of Carnival Corporation in a report on Friday, June 9th. Finally, Zacks Investment Research raised Carnival Corporation from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have assigned a buy rating to the company’s stock. Carnival Corporation currently has a consensus rating of “Buy” and an average price target of $62.06.

Carnival Corporation (CCL) traded up 1.00% during midday trading on Tuesday, reaching $68.71. The company had a trading volume of 2,871,926 shares. Carnival Corporation has a 1-year low of $44.11 and a 1-year high of $69.24. The firm has a 50-day moving average of $66.74 and a 200 day moving average of $61.55. The company has a market capitalization of $49.75 billion, a P/E ratio of 18.17 and a beta of 0.75.

Carnival Corporation (NYSE:CCL) last announced its quarterly earnings data on Thursday, June 22nd. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.89 billion. Carnival Corporation had a return on equity of 11.26% and a net margin of 16.48%. The company’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.49 earnings per share. On average, equities research analysts forecast that Carnival Corporation will post $3.74 EPS for the current year.

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In other news, insider Alan Buckelew sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $67.52, for a total value of $1,012,800.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 23.80% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in CCL. National Asset Management Inc. increased its position in Carnival Corporation by 10.7% in the second quarter. National Asset Management Inc. now owns 4,329 shares of the company’s stock valued at $284,000 after buying an additional 420 shares during the period. Piedmont Investment Advisors LLC increased its position in Carnival Corporation by 118.2% in the second quarter. Piedmont Investment Advisors LLC now owns 188,775 shares of the company’s stock valued at $12,378,000 after buying an additional 102,274 shares during the period. Sterling Capital Management LLC purchased a new position in Carnival Corporation during the second quarter valued at $8,410,000. Stellar Capital Management LLC increased its position in Carnival Corporation by 0.8% in the second quarter. Stellar Capital Management LLC now owns 33,150 shares of the company’s stock valued at $2,174,000 after buying an additional 265 shares during the period. Finally, Security National Bank of SO Dak increased its position in Carnival Corporation by 0.9% in the second quarter. Security National Bank of SO Dak now owns 12,137 shares of the company’s stock valued at $795,000 after buying an additional 107 shares during the period. Institutional investors and hedge funds own 78.54% of the company’s stock.

Carnival Corporation Company Profile

Carnival Corporation is a leisure travel company. The Company is a cruise company of global cruise guests, and a provider of vacations to all cruise destinations throughout the world. The Company operates in four segments: North America, EAA, Cruise Support and, Tour and Other. The Company’s North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises (Princess) and Seabourn.

Analyst Recommendations for Carnival Corporation (NYSE:CCL)

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