Carnival Corp. (CCL) Shares Gap Up to $45.44
Carnival Corp. (NYSE:CCL) gapped up before the market opened on Thursday . The stock had previously closed at $45.27, but opened at $45.44. Carnival Corp. shares last traded at $46.03, with a volume of 2,550,364 shares trading hands.
Several equities research analysts recently issued reports on the company. Sterne Agee CRT assumed coverage on Carnival Corp. in a research note on Tuesday, June 7th. They set a “buy” rating and a $60.00 price objective for the company. Tigress Financial upgraded Carnival Corp. from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 31st. Goldman Sachs Group Inc. raised their price target on Carnival Corp. from $46.50 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, June 29th. Credit Suisse Group AG restated a “buy” rating and set a $60.00 price target on shares of Carnival Corp. in a research report on Tuesday, May 24th. Finally, Zacks Investment Research downgraded Carnival Corp. from a “hold” rating to a “sell” rating in a research report on Friday, July 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $58.00.
The company has a market cap of $34.30 billion and a PE ratio of 15.86. The company has a 50 day moving average price of $45.49 and a 200 day moving average price of $47.76.
Carnival Corp. (NYSE:CCL) last announced its quarterly earnings results on Tuesday, June 28th. The company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.10. The business earned $3.70 billion during the quarter. During the same period last year, the firm posted $0.25 earnings per share. The company’s revenue was up 3.2% compared to the same quarter last year. Equities analysts predict that Carnival Corp. will post $3.33 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Friday, August 26th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Wednesday, August 24th.
An institutional investor recently raised its position in Carnival Corp. stock. BlackRock Advisors LLC raised its position in shares of Carnival Corp. (NYSE:CCL) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,830,289 shares of the company’s stock after buying an additional 27,162 shares during the period. BlackRock Advisors LLC owned 0.37% of Carnival Corp. worth $154,194,000 as of its most recent filing with the SEC.
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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