Carnival Corp. (NYSE:CCL) was upgraded by stock analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a research report issued on Tuesday.

CCL has been the topic of several other reports. Buckingham Research upped their target price on Carnival Corp. from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, September 27th. Deutsche Bank AG started coverage on Carnival Corp. in a research report on Thursday, September 29th. They set a “hold” rating and a $48.00 target price on the stock. Zacks Investment Research raised Carnival Corp. from a “sell” rating to a “hold” rating in a research report on Monday, September 12th. Stifel Nicolaus reaffirmed a “buy” rating and set a $60.00 target price on shares of Carnival Corp. in a research report on Tuesday, September 27th. Finally, Wedbush reissued a “neutral” rating and issued a $54.00 price target on shares of Carnival Corp. in a research report on Tuesday, September 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $55.07.

Analyst Recommendations for Carnival Corp. (NYSE:CCL)

Carnival Corp. (NYSE:CCL) traded up 1.69% during midday trading on Tuesday, hitting $51.77. 3,730,219 shares of the stock traded hands. The firm’s 50 day moving average is $48.44 and its 200-day moving average is $47.36. Carnival Corp. has a 12-month low of $40.52 and a 12-month high of $55.77. The stock has a market capitalization of $37.79 billion, a PE ratio of 16.10 and a beta of 0.66.

Carnival Corp. (NYSE:CCL) last released its quarterly earnings results on Monday, September 26th. The company reported $1.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.89 by $0.03. The company had revenue of $5.10 billion for the quarter. Carnival Corp. had a return on equity of 10.76% and a net margin of 15.10%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.75 earnings per share. On average, analysts anticipate that Carnival Corp. will post $3.36 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, November 25th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, November 22nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.70%. Carnival Corp.’s dividend payout ratio is 42.94%.

In related news, CFO David Bernstein sold 4,030 shares of the firm’s stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $49.18, for a total transaction of $198,195.40. Following the transaction, the chief financial officer now directly owns 47,256 shares in the company, valued at approximately $2,324,050.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Arnold W. Donald sold 91,813 shares of the firm’s stock in a transaction that occurred on Tuesday, October 18th. The stock was sold at an average price of $46.67, for a total value of $4,284,912.71. The disclosure for this sale can be found here. Corporate insiders own 22.00% of the company’s stock.

Several large investors have recently modified their holdings of the company. Rowland & Co. Investment Counsel ADV raised its stake in Carnival Corp. by 0.4% in the third quarter. Rowland & Co. Investment Counsel ADV now owns 2,315 shares of the company’s stock valued at $113,000 after buying an additional 9 shares in the last quarter. NCM Capital Management Group Inc. raised its stake in Carnival Corp. by 9.9% in the third quarter. NCM Capital Management Group Inc. now owns 2,775 shares of the company’s stock valued at $135,000 after buying an additional 250 shares in the last quarter. Capital Analysts LLC raised its stake in Carnival Corp. by 3.7% in the second quarter. Capital Analysts LLC now owns 3,316 shares of the company’s stock valued at $147,000 after buying an additional 118 shares in the last quarter. Hall Laurie J Trustee raised its stake in Carnival Corp. by 6.9% in the second quarter. Hall Laurie J Trustee now owns 3,550 shares of the company’s stock valued at $162,000 after buying an additional 230 shares in the last quarter. Finally, SRB Corp raised its stake in Carnival Corp. by 17.7% in the third quarter. SRB Corp now owns 3,325 shares of the company’s stock valued at $162,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

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About Carnival Corp.

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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