Carnival Corp. (CCL) Shares Gap Up to $47.80
Carnival Corp. (NYSE:CCL) shares gapped up prior to trading 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 trading hands.
CCL has been the topic of several research reports. Morgan Stanley reiterated an “overweight” rating on shares of Carnival Corp. in a research note on Sunday, July 24th. Sterne Agee CRT began coverage on shares of Carnival Corp. in a research note on Tuesday, June 7th. They set a “buy” rating and a $60.00 price target on the stock. Credit Suisse Group AG restated a “buy” rating and set a $60.00 price target on shares of Carnival Corp. in a research note on Tuesday, May 24th. Wells Fargo & Co. restated an “outperform” rating on shares of Carnival Corp. in a research note on Thursday, June 30th. Finally, Tigress Financial upgraded shares of Carnival Corp. from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 31st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $57.68.
The firm has a market capitalization of $34.56 billion and a P/E ratio of 15.99. The company has a 50-day moving average price of $46.45 and a 200-day moving average price of $47.93.
Carnival Corp. (NYSE:CCL) last announced its quarterly earnings data on Tuesday, June 28th. The company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.10. The business earned $3.70 billion during the quarter. During the same quarter in the previous year, the company posted $0.25 earnings per share. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, analysts anticipate that Carnival Corp. will post $3.33 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, August 26th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis 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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