Credit Suisse Group Analysts Give Carnival (CCL) a $72.00 Price Target

Carnival (NYSE:CCL) has been assigned a $72.00 price target by Credit Suisse Group in a research report issued to clients and investors on Tuesday. The firm presently has a “hold” rating on the stock. Credit Suisse Group’s price target indicates a potential upside of 9.17% from the stock’s current price.

Several other analysts have also issued reports on the stock. UBS reissued a “buy” rating and issued a $76.00 price target (up previously from $67.00) on shares of Carnival in a research report on Thursday, August 17th. Deutsche Bank reissued a “hold” rating and issued a $61.00 price target (down previously from $62.00) on shares of Carnival in a research report on Wednesday, September 27th. Zacks Investment Research lowered shares of Carnival from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Argus reissued a “neutral” rating and issued a $67.00 price target (down previously from $78.00) on shares of Carnival in a research report on Thursday, September 28th. Finally, Morgan Stanley raised shares of Carnival from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $65.94 to $68.00 in a research report on Wednesday, December 6th. Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Carnival presently has a consensus rating of “Buy” and an average target price of $68.83.

Shares of Carnival (CCL) opened at $65.95 on Tuesday. The company has a market cap of $35,338.38, a PE ratio of 17.09, a price-to-earnings-growth ratio of 1.18 and a beta of 0.73. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.21 and a quick ratio of 0.16. Carnival has a 12-month low of $50.77 and a 12-month high of $69.89.

Carnival (NYSE:CCL) last announced its quarterly earnings data on Tuesday, September 26th. The company reported $2.29 EPS for the quarter, topping the consensus estimate of $2.20 by $0.09. The business had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.39 billion. Carnival had a net margin of 15.53% and a return on equity of 12.15%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.92 earnings per share. equities analysts forecast that Carnival will post 3.7 EPS for the current year.

In related news, CEO Arnold W. Donald sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $65.43, for a total transaction of $327,150.00. Following the completion of the transaction, the chief executive officer now owns 115,572 shares of the company’s stock, valued at $7,561,875.96. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders have sold 100,903 shares of company stock valued at $6,782,771. 23.80% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Pathstone Family Office LLC grew its stake in Carnival by 200.0% during the second quarter. Pathstone Family Office LLC now owns 57 shares of the company’s stock valued at $2,493,000 after acquiring an additional 38 shares in the last quarter. YorkBridge Wealth Partners LLC grew its stake in Carnival by 1.4% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,926 shares of the company’s stock worth $191,000 after buying an additional 40 shares in the last quarter. Security National Bank of Sioux City Iowa IA grew its stake in Carnival by 0.5% in the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 13,390 shares of the company’s stock worth $878,000 after buying an additional 65 shares in the last quarter. Scotia Capital Inc. grew its stake in Carnival by 0.4% in the 2nd quarter. Scotia Capital Inc. now owns 16,604 shares of the company’s stock worth $1,089,000 after buying an additional 71 shares in the last quarter. Finally, Ballentine Partners LLC grew its stake in Carnival by 1.7% in the 2nd quarter. Ballentine Partners LLC now owns 4,523 shares of the company’s stock worth $305,000 after buying an additional 75 shares in the last quarter. 75.94% of the stock is owned by institutional investors.

TRADEMARK VIOLATION WARNING: “Credit Suisse Group Analysts Give Carnival (CCL) a $72.00 Price Target” was published by American Banking and Market News and is owned by of American Banking and Market News. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international trademark and copyright law. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/12/17/credit-suisse-group-analysts-give-carnival-ccl-a-72-00-price-target.html.

Carnival 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.