Carnival Corp. (NYSE:CCL) shares gapped up prior to trading on Tuesday . The stock had previously closed at $46.70, but opened at $46.91. Carnival Corp. shares last traded at $47.90, with a volume of 2,705,588 shares changing hands.

CCL has been the subject of a number of research analyst reports. Nomura reiterated a “buy” rating and issued a $62.00 target price on shares of Carnival Corp. in a research note on Wednesday, June 29th. Zacks Investment Research upgraded shares of Carnival Corp. from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Thursday, April 28th. Credit Suisse Group AG reiterated a “buy” rating and issued a $60.00 target price on shares of Carnival Corp. in a research note on Tuesday, May 24th. Sterne Agee CRT initiated coverage on shares of Carnival Corp. in a research note on Tuesday, June 7th. They issued a “buy” rating and a $60.00 target price for the company. Finally, Tigress Financial upgraded shares of Carnival Corp. from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $58.00.

The stock has a market capitalization of $35.19 billion and a P/E ratio of 16.28. The stock’s 50-day moving average is $46.03 and its 200 day moving average is $47.77.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Shareholders 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 yield of 2.96%. The ex-dividend date is Wednesday, August 24th.

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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