Carnival Corporation (CCL) Receives “Neutral” Rating from Goldman Sachs Group, Inc. (The)
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.
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.
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