Carnival Corp. (CCL) Coverage Initiated by Analysts at Deutsche Bank AG
Investment analysts at Deutsche Bank AG started coverage on shares of Carnival Corp. (NYSE:CCL) in a research note issued on Thursday. The brokerage set a “hold” rating on the stock.
A number of other brokerages have also issued reports on CCL. Bank of America Corp. set a $53.40 target price on shares of Carnival Corp. and gave the company a “buy” rating in a research note on Wednesday, September 21st. Buckingham Research increased their price objective on shares of Carnival Corp. from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday. Wells Fargo & Co. reiterated an “outperform” rating on shares of Carnival Corp. in a research note on Thursday, June 30th. Zacks Investment Research lowered shares of Carnival Corp. from a “hold” rating to a “sell” rating in a research note on Friday, July 8th. Finally, Nomura reiterated a “buy” rating and set a $62.00 price objective on shares of Carnival Corp. in a research note on Wednesday, June 29th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $56.57.
Shares of Carnival Corp. (NYSE:CCL) opened at 48.78 on Thursday. The stock’s 50 day moving average is $46.57 and its 200-day moving average is $47.80. Carnival Corp. has a 52-week low of $40.52 and a 52-week high of $55.77. The firm has a market capitalization of $36.34 billion, a P/E ratio of 16.81 and a beta of 0.84.
Carnival Corp. (NYSE:CCL) last issued its earnings results on Monday, September 26th. The company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.03. The business had revenue of $5.10 billion for the quarter. Carnival Corp. had a net margin of 15.10% and a return on equity of 10.76%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.75 EPS. On average, equities analysts forecast that Carnival Corp. will post $8.18 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, August 26th were given a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $1.40 annualized dividend and a dividend yield of 2.87%. Carnival Corp.’s dividend payout ratio (DPR) is presently 42.94%.
Several large investors have recently modified their holdings of the stock. Shufro Rose & Co. LLC increased its stake in shares of Carnival Corp. by 0.3% in the first quarter. Shufro Rose & Co. LLC now owns 29,450 shares of the company’s stock valued at $1,554,000 after buying an additional 100 shares during the period. NN Investment Partners Holdings N.V. purchased a new stake in shares of Carnival Corp. during the first quarter valued at approximately $2,555,000. Acrospire Investment Management LLC purchased a new stake in shares of Carnival Corp. during the first quarter valued at approximately $317,000. Hutchinson Capital Management CA increased its stake in shares of Carnival Corp. by 17.3% in the first quarter. Hutchinson Capital Management CA now owns 383,402 shares of the company’s stock valued at $20,232,000 after buying an additional 56,634 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of Carnival Corp. by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 12,015,037 shares of the company’s stock valued at $634,034,000 after buying an additional 83,092 shares during the period. Institutional investors and hedge funds own 77.99% of the company’s stock.
Carnival Corp. Company Profile
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.
Receive News & Stock Ratings for Carnival Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival Corp. and related stocks with our FREE daily email newsletter.