Carnival Corp. (CCL) Sees Unusually-High Trading Volume
Shares of Carnival Corp. (NYSE:CCL) saw strong trading volume on Monday . 12,104,300 shares changed hands during mid-day trading, an increase of 171% from the previous session’s volume of 4,461,592 shares.The stock last traded at $46.39 and had previously closed at $48.70.
Several analysts recently weighed in on the company. Credit Suisse Group AG restated a “buy” rating and issued a $60.00 price objective on shares of Carnival Corp. in a report on Tuesday, May 24th. Morgan Stanley cut their target price on Carnival Corp. from $60.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 26th. Tigress Financial upgraded Carnival Corp. from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 31st. Sterne Agee CRT started coverage on Carnival Corp. in a research note on Tuesday, June 7th. They issued a “buy” rating and a $60.00 target price on the stock. Finally, Barclays PLC reiterated a “hold” rating and issued a $56.00 target price (down previously from $58.00) on shares of Carnival Corp. in a research note on Wednesday, June 29th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company. Carnival Corp. presently has an average rating of “Buy” and a consensus target price of $57.68.
The stock has a market capitalization of $34.56 billion and a PE ratio of 15.99. The company’s 50-day moving average is $46.45 and its 200-day moving average is $47.93.
Carnival Corp. (NYSE:CCL) last released its quarterly earnings results on Tuesday, June 28th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.10. The firm had revenue of $3.70 billion for the quarter. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.25 EPS. On average, analysts predict that Carnival Corp. will post $3.34 earnings per share for the current 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 paid a dividend of $0.35 per share. The ex-dividend date is Wednesday, August 24th. This represents a $1.40 dividend on an annualized basis and a yield of 3.02%.
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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