BidaskClub upgraded shares of Carnival Corporation (NYSE:CCL) from a buy rating to a strong-buy rating in a report released on Friday.

CCL has been the topic of several other reports. Goldman Sachs Group, Inc. (The) restated a neutral rating on shares of Carnival Corporation in a report on Tuesday, August 15th. Zacks Investment Research upgraded shares of Carnival Corporation from a hold rating to a buy rating and set a $74.00 price objective on the stock in a report on Wednesday, July 12th. Deutsche Bank AG restated a hold rating and issued a $62.00 price objective (up from $58.00) on shares of Carnival Corporation in a report on Sunday, June 25th. Wedbush restated a neutral rating and issued a $66.00 price objective (up from $61.00) on shares of Carnival Corporation in a report on Sunday, June 25th. Finally, Stifel Nicolaus restated a buy rating and issued a $74.00 price objective (up from $68.00) on shares of Carnival Corporation in a report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $62.49.

Carnival Corporation (NYSE CCL) opened at 67.46 on Friday. The stock has a market capitalization of $48.84 billion, a price-to-earnings ratio of 17.84 and a beta of 0.75. The stock’s 50 day moving average is $66.96 and its 200-day moving average is $61.73. Carnival Corporation has a 12 month low of $44.11 and a 12 month high of $69.24.

Carnival Corporation (NYSE:CCL) last issued its quarterly earnings data on Thursday, June 22nd. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.47 by $0.05. Carnival Corporation had a net margin of 16.48% and a return on equity of 11.26%. The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period in the prior year, the business posted $0.49 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts expect that Carnival Corporation will post $3.74 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be issued a $0.40 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.37%. Carnival Corporation’s dividend payout ratio is presently 42.55%.

In other news, insider Alan Buckelew sold 15,000 shares of the stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $67.52, for a total value of $1,012,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 23.80% of the company’s stock.

Several institutional investors have recently made changes to their positions in CCL. Capstone Asset Management Co. increased its position in Carnival Corporation by 3.1% in the first quarter. Capstone Asset Management Co. now owns 35,001 shares of the company’s stock valued at $2,062,000 after buying an additional 1,060 shares during the period. Reliance Trust Co. of Delaware increased its position in Carnival Corporation by 115.2% in the first quarter. Reliance Trust Co. of Delaware now owns 9,650 shares of the company’s stock valued at $568,000 after buying an additional 5,166 shares during the period. Boston Advisors LLC increased its position in Carnival Corporation by 69.0% in the first quarter. Boston Advisors LLC now owns 11,635 shares of the company’s stock valued at $685,000 after buying an additional 4,750 shares during the period. Rothschild Investment Corp IL increased its position in Carnival Corporation by 7.7% in the first quarter. Rothschild Investment Corp IL now owns 22,472 shares of the company’s stock valued at $1,324,000 after buying an additional 1,600 shares during the period. Finally, State of Alaska Department of Revenue acquired a new position in Carnival Corporation during the first quarter valued at $276,000. Institutional investors and hedge funds own 78.54% of the company’s stock.

About Carnival Corporation

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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