Carnival Corp. (NYSE:CCL) shares traded down 4.5% during trading on Friday . The stock traded as low as $46.08 and last traded at $46.51, with a volume of 8,434,970 shares traded. The stock had previously closed at $48.70.

Several research analysts have commented on the stock. Morgan Stanley lowered shares of Carnival Corp. from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $54.00 to $48.00 in a research note on Friday. Zacks Investment Research lowered shares of Carnival Corp. from a “hold” rating to a “sell” rating in a research note on Friday, July 8th. Wells Fargo & Co. reaffirmed an “outperform” rating on shares of Carnival Corp. in a research note on Thursday, June 30th. Barclays PLC reaffirmed a “hold” rating and set a $56.00 price objective (down from $58.00) on shares of Carnival Corp. in a research note on Wednesday, June 29th. Finally, Nomura reaffirmed a “buy” rating and set a $62.00 price objective on shares of Carnival Corp. in a research note on Wednesday, June 29th. Two equities research analysts have rated the stock with a sell rating, seven 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 an average target price of $57.68.

The firm has a market cap of $34.56 billion and a price-to-earnings ratio of 15.99. The firm has a 50 day moving average price of $46.44 and a 200 day moving average price of $47.93.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, August 26th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend 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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