Carnival Corporation (NYSE:CCL)‘s stock had its “buy” rating reissued by HSBC Holdings plc in a research report issued on Monday. They presently have a $71.00 price target on the stock, up from their previous price target of $65.00. HSBC Holdings plc’s target price points to a potential upside of 7.58% from the company’s previous close.

CCL has been the topic of a number of other reports. Wells Fargo & Company upgraded shares of Carnival Corporation from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 21st. Argus upgraded shares of Carnival Corporation from a “hold” rating to a “buy” rating and boosted their target price for the stock from $56.03 to $64.00 in a report on Monday, February 27th. Zacks Investment Research upgraded shares of Carnival Corporation from a “sell” rating to a “hold” rating in a report on Friday, March 10th. Credit Suisse Group restated an “outperform” rating and issued a $74.00 target price (up from $69.00) on shares of Carnival Corporation in a report on Saturday, June 3rd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $68.00 target price on shares of Carnival Corporation in a report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $60.08.

Carnival Corporation (NYSE:CCL) traded down 0.68% during midday trading on Monday, hitting $66.00. The company had a trading volume of 3,372,845 shares. Carnival Corporation has a 52 week low of $42.94 and a 52 week high of $67.06. The firm’s 50 day moving average is $63.28 and its 200-day moving average is $57.81. The firm has a market capitalization of $47.78 billion, a P/E ratio of 17.46 and a beta of 0.77.

Carnival Corporation (NYSE:CCL) last posted its earnings results on Thursday, June 22nd. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. Carnival Corporation had a net margin of 16.48% and a return on equity of 11.29%. The firm had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the previous year, the firm posted $0.49 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. On average, equities research analysts expect that Carnival Corporation will post $3.74 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 16th. Shareholders of record on Friday, May 26th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.42%. This is a boost from Carnival Corporation’s previous quarterly dividend of $0.35. The ex-dividend date was Wednesday, May 24th. Carnival Corporation’s payout ratio is 42.55%.

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In other Carnival Corporation news, Director Sir John Parker sold 19,965 shares of the business’s stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $60.98, for a total value of $1,217,465.70. Following the completion of the sale, the director now directly owns 22,798 shares of the company’s stock, valued at approximately $1,390,222.04. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard Glasier sold 6,000 shares of the business’s stock in a transaction dated Thursday, April 13th. The shares were sold at an average price of $58.29, for a total transaction of $349,740.00. Following the completion of the sale, the director now directly owns 26,684 shares of the company’s stock, valued at $1,555,410.36. The disclosure for this sale can be found here. 23.80% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the company. UBS Oconnor LLC acquired a new stake in shares of Carnival Corporation during the first quarter valued at $4,467,000. Piedmont Investment Advisors LLC boosted its stake in shares of Carnival Corporation by 0.9% in the first quarter. Piedmont Investment Advisors LLC now owns 86,501 shares of the company’s stock valued at $5,096,000 after buying an additional 740 shares during the last quarter. Marianas Fund Management LLC boosted its stake in shares of Carnival Corporation by 5.3% in the first quarter. Marianas Fund Management LLC now owns 258,400 shares of the company’s stock valued at $15,222,000 after buying an additional 13,000 shares during the last quarter. Achmea Investment Management B.V. acquired a new stake in shares of Carnival Corporation during the first quarter valued at $7,458,000. Finally, Bank of Nova Scotia boosted its stake in shares of Carnival Corporation by 878.0% in the first quarter. Bank of Nova Scotia now owns 96,069 shares of the company’s stock valued at $5,660,000 after buying an additional 86,246 shares during the last quarter. 78.81% of the stock is owned by hedge funds and other institutional investors.

Carnival Corporation Company Profile

Carnival Corporation is a leisure travel company. The Company is a cruise company of global cruise guests, and a provider of vacations to all cruise destinations throughout the world. The Company operates in four segments: North America, EAA, Cruise Support and, Tour and Other. The Company’s North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises (Princess) and Seabourn.

Analyst Recommendations for Carnival Corporation (NYSE:CCL)

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