Shares of Carnival Corp. (NYSE:CCL) gapped up before the market opened on Thursday . The stock had previously closed at $47.71, but opened at $47.80. Carnival Corp. shares last traded at $48.55, with a volume of 2,346,744 shares traded.

A number of analysts have commented on the stock. Zacks Investment Research downgraded shares of Carnival Corp. from a “hold” rating to a “sell” rating in a research report on Friday, July 8th. Goldman Sachs Group Inc. boosted their target price on shares of Carnival Corp. from $46.50 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, June 29th. Barclays PLC reiterated a “hold” rating and issued a $56.00 target price (down from $58.00) on shares of Carnival Corp. in a report on Wednesday, June 29th. Nomura reiterated a “buy” rating and issued a $62.00 target price on shares of Carnival Corp. in a report on Wednesday, June 29th. Finally, Tigress Financial upgraded shares of Carnival Corp. from a “neutral” rating to a “buy” rating in a report on Tuesday, May 31st. One analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $58.00.

The firm has a 50 day moving average price of $46.44 and a 200 day moving average price of $47.93. The stock has a market capitalization of $36.28 billion and a price-to-earnings ratio of 16.78.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Friday, August 26th will be given a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, August 24th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.87%.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.