Carnival Corp. (NYSE:CCL) shares gapped up prior to trading on Tuesday . The stock had previously closed at $45.22, but opened at $45.63. Carnival Corp. shares last traded at $46.71, with a volume of 2,871,782 shares changing hands.

A number of brokerages recently weighed in on CCL. Nomura Holdings Inc. reiterated a “buy” rating and issued a $62.00 target price on shares of Carnival Corp. in a report on Saturday, April 2nd. Citigroup Inc. reiterated a “buy” rating and issued a $58.00 target price on shares of Carnival Corp. in a report on Friday, April 1st. Credit Suisse Group AG reiterated a “buy” rating and issued a $60.00 target price on shares of Carnival Corp. in a report on Thursday, March 31st. SunTrust Banks Inc. restated a “buy” rating and set a $60.00 price objective (up previously from $59.00) on shares of Carnival Corp. in a research note on Thursday, March 31st. Finally, Stifel Nicolaus restated a “buy” rating and set a $67.00 price objective (up previously from $64.00) on shares of Carnival Corp. in a research note on Thursday, March 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $58.00.

The firm has a market capitalization of $34.80 billion and a price-to-earnings ratio of 16.10. The stock has a 50-day moving average price of $46.80 and a 200 day moving average price of $48.68.

Carnival Corp. (NYSE:CCL) last released its quarterly earnings results on Tuesday, June 28th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.10. The firm had revenue of $3.70 billion for the quarter. Carnival Corp.’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the business earned $0.25 EPS. On average, equities research analysts anticipate that Carnival Corp. will post $3.33 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 17th. Shareholders of record on Friday, May 27th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was Wednesday, May 25th. This is a boost from Carnival Corp.’s previous quarterly dividend of $0.30.

A number of large investors have recently added to or reduced their stakes in the stock. Quantitative Investment Management LLC boosted its stake in Carnival Corp. by 252.1% in the fourth quarter. Quantitative Investment Management LLC now owns 168,300 shares of the company’s stock worth $9,168,000 after buying an additional 120,500 shares during the period. GAM Holding AG boosted its stake in Carnival Corp. by 28.1% in the fourth quarter. GAM Holding AG now owns 668,714 shares of the company’s stock worth $36,432,000 after buying an additional 146,518 shares during the period. Vanguard Group Inc. boosted its stake in Carnival Corp. by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 26,986,754 shares of the company’s stock worth $1,470,238,000 after buying an additional 734,237 shares during the period. Johnson Financial Group Inc. boosted its stake in Carnival Corp. by 1.0% in the fourth quarter. Johnson Financial Group Inc. now owns 46,395 shares of the company’s stock worth $2,527,000 after buying an additional 471 shares during the period. Finally, Todd Asset Management LLC boosted its stake in Carnival Corp. by 75.3% in the fourth quarter. Todd Asset Management LLC now owns 680,248 shares of the company’s stock worth $37,060,000 after buying an additional 292,216 shares during the period.

Carnival Corporation is a leisure travel company. The Company is a cruise company and provides vacations to cruise destinations throughout the world. The Company aggregates its approximately nine global, regional and national cruise brands into North America, and Europe, Australia & Asia (EAA) segments.

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