Several brokerages have updated their recommendations and price targets on shares of Carnival Corporation (NYSE: CCL) in the last few weeks:

  • 10/2/2017 – Carnival Corporation had its “buy” rating reaffirmed by analysts at Instinet. They now have a $75.00 price target on the stock.
  • 9/29/2017 – Carnival Corporation had its “buy” rating reaffirmed by analysts at Nomura. They now have a $75.00 price target on the stock.
  • 9/28/2017 – Carnival Corporation had its “neutral” rating reaffirmed by analysts at Argus. They now have a $67.00 price target on the stock, down previously from $78.00.
  • 9/28/2017 – Carnival Corporation had its “neutral” rating reaffirmed by analysts at Credit Suisse Group.
  • 9/27/2017 – Carnival Corporation had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $79.00 price target on the stock, up previously from $74.00.
  • 9/27/2017 – Carnival Corporation had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $61.00 price target on the stock, down previously from $62.00.
  • 9/25/2017 – Carnival Corporation had its price target raised by analysts at Susquehanna Bancshares Inc from $75.00 to $76.00. They now have a “positive” rating on the stock.
  • 9/25/2017 – Carnival Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Carnival shares have outpaced the industry year to date. Given burgeoning demand for cruise travel in 2017, the addition of new ships to its fleet bodes well. Carnival believes that it is well positioned for continued earnings growth, given the current strength in its bookings along with pricing trends for the year. Notably, its brand building efforts together with other marketing activities are driving bookings. Its strategy of growing beyond familiar itineraries and capitalizing on fast growing markets is likely to further drive growth. Meanwhile, estimates have been stable lately ahead of its fiscal third quarter earnings release and the company has positive record of earnings surprises in recent quarters. However, adverse forex translations, higher costs along with macroeconomic issues in key operating regions remain headwinds. A potential increase in fuel costs can also hamper its profitability.”
  • 9/21/2017 – Carnival Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $72.00 price target on the stock. According to Zacks, “Carnival shares have outpaced the industry in the past year. Given burgeoning demand for cruise travel in 2017, the addition of new ships to its fleet bodes well. Carnival believes that it is well positioned for continued earnings growth, given the current strength in its bookings along with pricing trends for the year. Notably, its brand building efforts together with other marketing activities are driving bookings. Its strategy of growing beyond familiar itineraries and capitalizing on fast growing markets is likely to further drive growth. Meanwhile, estimates have been stable lately ahead of its fiscal third quarter earnings release and the company has positive record of earnings surprises in recent quarters. However, adverse forex translations, higher costs along with macroeconomic issues in key operating regions remain headwinds. A potential increase in fuel costs can also hamper its profitability.”
  • 9/15/2017 – Carnival Corporation was downgraded by analysts at Credit Suisse Group from an “outperform” rating to a “neutral” rating. They now have a $70.00 price target on the stock, down previously from $78.00.
  • 9/12/2017 – Carnival Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $76.00 price target on the stock. According to Zacks, “Carnival shares have outpaced the industry in the past year. Given burgeoning demand for cruise travel in 2017, the addition of new ships to its fleet bodes well. Carnival believes that it is well positioned for continued earnings growth, given the current strength in its bookings along with pricing trends for the year. Notably, its brand building efforts together with other marketing activities are driving bookings. Its strategy of growing beyond familiar itineraries and capitalizing on fast growing markets is likely to further drive growth. However, adverse forex translations, higher costs along with macroeconomic issues in key operating regions remain headwinds. A potential increase in fuel costs can also hamper its profitability. Meanwhile, estimates have been stable lately ahead of its fiscal third quarter earnings release and the company has positive record of earnings surprises in recent quarters.”
  • 9/8/2017 – Carnival Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Carnival shares have outpaced the industry in the past year. Given burgeoning demand for cruise travel in 2017, the addition of new ships to its fleet bodes well. Carnival believes that it is well positioned for continued earnings growth, given the current strength in its bookings along with pricing trends for the year. Notably, its brand building efforts together with other marketing activities are driving bookings. Its strategy of growing beyond familiar itineraries and capitalizing on fast growing markets is likely to further drive growth. Meanwhile, estimates have been stable lately ahead of its fiscal thirdd quarter earnings release and the company has positive record of earnings surprises in recent quarters. However, adverse forex translations, higher costs along with macroeconomic issues in key operating regions remain headwinds. A potential increase in fuel costs can also hamper its profitability.”
  • 9/5/2017 – Carnival Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $77.00 price target on the stock. According to Zacks, “Carnival shares have outpaced the industry in the past year. Given burgeoning demand for cruise travel in 2017, the addition of new ships to its fleet bodes well. Carnival believes that it is well positioned for continued earnings growth, given the current strength in its bookings along with pricing trends for the year. Notably, its brand building efforts together with other marketing activities are driving bookings. Its strategy of growing beyond familiar itineraries and capitalizing on fast growing markets also bodes well. New onboard product offerings and strategic initiatives are expected to drive onboard yield gains. Cost containment efforts like lower fuel consumption could also aid profits. However, adverse forex translations, higher costs along with macroeconomic issues in key operating regions remain headwinds. A potential increase in fuel costs can also hamper its profitability.”
  • 8/30/2017 – Carnival Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Carnival shares have outpaced the industry in the past year. Given burgeoning demand for cruise travel in 2017, the addition of new ships to its fleet bodes well. Carnival believes that it is well positioned for continued earnings growth, given the current strength in its bookings along with pricing trends for the year. Notably, its brand building efforts together with other marketing activities are driving bookings. Its strategy of growing beyond familiar itineraries and capitalizing on fast growing markets also bodes well. New onboard product offerings and strategic initiatives are expected to drive onboard yield gains. Cost containment efforts like lower fuel consumption could also aid profits. However, adverse forex translations, higher costs along with macroeconomic issues in key operating regions remain headwinds. A potential increase in fuel costs can also hamper its profitability.”
  • 8/29/2017 – Carnival Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $77.00 price target on the stock. According to Zacks, “Carnival shares have outpaced the industry in the past year. Given burgeoning demand for cruise travel in 2017, the addition of new ships to its fleet bodes well. Carnival believes that it is well positioned for continued earnings growth, given the current strength in its bookings along with pricing trends for the year. Notably, its brand building efforts together with other marketing activities are driving bookings. Its strategy of growing beyond familiar itineraries and capitalizing on fast growing markets also bodes well. New onboard product offerings and strategic initiatives are expected to drive onboard yield gains. Cost containment efforts like lower fuel consumption could also aid profits. However, adverse forex translations, higher costs along with macroeconomic issues in key operating regions remain headwinds. A potential increase in fuel costs can also hamper its profitability.”
  • 8/23/2017 – Carnival Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Carnival shares have outpaced the industry in the past one year. Given burgeoning demand for cruise travel in 2017, the addition of new ships to its fleet bodes well. Carnival believes that it is well positioned for continued earnings growth, given the current strength in its bookings along with pricing trends for the year. Notably, its brand building efforts together with other marketing activities are driving bookings. Its strategy of growing beyond familiar itineraries and capitalizing on fast growing markets also bodes well. New onboard product offerings and strategic initiatives are expected to drive onboard yield gains. Cost containment efforts like lower fuel consumption could also aid profits. However, adverse forex translations, higher costs along with macroeconomic issues in key operating regions remain headwinds. A potential increase in fuel costs can also hamper its profitability.”
  • 8/22/2017 – Carnival Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $77.00 price target on the stock. According to Zacks, “Carnival shares have outpaced the industry in the past year. Given burgeoning demand for cruise travel in 2017, the addition of new ships to its fleet bodes well. Carnival believes that it is well positioned for continued earnings growth, given the current strength in its bookings along with pricing trends for the year. Notably, its brand building efforts together with other marketing activities are driving bookings. Its strategy of growing beyond familiar itineraries and capitalizing on fast growing markets also bodes well. New onboard product offerings and strategic initiatives are expected to drive onboard yield gains. Cost containment efforts like lower fuel consumption could also aid profits. However, adverse forex translations, higher costs along with macroeconomic issues in key operating regions remain headwinds. A potential increase in fuel costs can also hamper its profitability.”
  • 8/18/2017 – Carnival Corporation was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/17/2017 – Carnival Corporation had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $76.00 price target on the stock, up previously from $67.00.
  • 8/15/2017 – Carnival Corporation had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The).

Carnival Corporation (NYSE:CCL) traded down 0.51% during trading on Tuesday, reaching $64.10. The company had a trading volume of 4,082,370 shares. Carnival Corporation has a 12 month low of $45.92 and a 12 month high of $69.89. The company has a market capitalization of $46.22 billion, a P/E ratio of 17.43 and a beta of 0.71. The stock has a 50 day moving average of $66.83 and a 200-day moving average of $64.10.

Carnival Corporation (NYSE:CCL) last released its quarterly earnings data on Tuesday, September 26th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.09. Carnival Corporation had a net margin of 15.53% and a return on equity of 12.15%. The business had revenue of $5.52 billion during the quarter, compared to analyst estimates of $5.39 billion. During the same quarter in the previous year, the business earned $1.92 EPS. Carnival Corporation’s quarterly revenue was up 8.2% compared to the same quarter last year. Equities research analysts expect that Carnival Corporation will post $3.69 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend was Wednesday, August 23rd. Carnival Corporation’s payout ratio is 43.72%.

In other Carnival Corporation news, insider Alan Buckelew sold 15,000 shares of the firm’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $67.52, for a total transaction of $1,012,800.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 23.80% of the company’s stock.

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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