Carnival Corp (NYSE:CCL) has received a consensus rating of “Buy” from the twenty-four analysts that are covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $74.65.
Several equities research analysts have issued reports on CCL shares. Zacks Investment Research cut shares of Carnival from a “hold” rating to a “sell” rating in a research report on Tuesday, November 28th. Morgan Stanley raised shares of Carnival from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $65.94 to $68.00 in a research report on Wednesday, December 6th. Credit Suisse Group set a $72.00 price objective on shares of Carnival and gave the company a “hold” rating in a research report on Tuesday, December 12th. SunTrust Banks reissued a “buy” rating and issued a $84.00 price objective (up from $72.00) on shares of Carnival in a research report on Tuesday, December 19th. They noted that the move was a valuation call. Finally, Stifel Nicolaus boosted their price objective on shares of Carnival from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, December 20th.
In other news, CFO David Bernstein sold 2,600 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $69.59, for a total value of $180,934.00. Following the completion of the sale, the chief financial officer now owns 34,620 shares of the company’s stock, valued at approximately $2,409,205.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Arnaldo Perez sold 15,166 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $66.59, for a total transaction of $1,009,903.94. The disclosure for this sale can be found here. Insiders sold a total of 313,627 shares of company stock valued at $21,059,647 in the last ninety days. Corporate insiders own 23.80% of the company’s stock.
Shares of Carnival (NYSE:CCL) opened at $66.76 on Friday. The stock has a market cap of $36,921.94, a PE ratio of 18.60, a price-to-earnings-growth ratio of 1.16 and a beta of 0.75. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.18 and a quick ratio of 0.14. Carnival has a 52-week low of $54.75 and a 52-week high of $72.70.
Carnival (NYSE:CCL) last released its quarterly earnings data on Tuesday, December 19th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.12. The company had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Carnival had a net margin of 14.88% and a return on equity of 11.78%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.67 EPS. equities research analysts anticipate that Carnival will post 4.27 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.80 annualized dividend and a dividend yield of 2.70%. Carnival’s payout ratio is presently 32.03%.
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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