Carnival Corp. (CCL) Shares Gap Up to $46.91
Carnival Corp. (NYSE:CCL) shares gapped up before the market opened 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 trading hands.
A number of research analysts recently commented on the stock. Sterne Agee CRT assumed coverage on shares of Carnival Corp. in a research report on Tuesday, June 7th. They set a “buy” rating and a $60.00 price objective on the stock. Tigress Financial raised shares of Carnival Corp. from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 31st. Goldman Sachs Group Inc. boosted their price objective on shares of 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 reaffirmed a “buy” rating and set a $60.00 price objective on shares of Carnival Corp. in a research report on Tuesday, May 24th. Finally, Zacks Investment Research downgraded shares of Carnival Corp. from a “hold” rating to a “sell” rating in a research report on Friday, July 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen 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 $58.00.
The stock’s 50 day moving average is $45.93 and its 200 day moving average is $47.78. The firm has a market cap of $35.60 billion and a PE ratio of 16.47.
Carnival Corp. (NYSE:CCL) last issued its quarterly 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 firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.25 earnings per share. On average, equities research analysts forecast that Carnival Corp. will post $3.33 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, August 26th will be paid a dividend of $0.35 per share. The ex-dividend date is Wednesday, August 24th. This represents a $1.40 annualized dividend and a dividend yield of 2.93%.
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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