Stifel Nicolaus reaffirmed their buy rating on shares of Carnival Corporation (NYSE:CCL) in a research report report published on Wednesday. Stifel Nicolaus currently has a $79.00 price objective on the stock, up from their previous price objective of $74.00.

Several other equities research analysts have also recently weighed in on CCL. Instinet upped their price objective on shares of Carnival Corporation from $72.00 to $75.00 and gave the stock a buy rating in a research report on Friday, June 23rd. HSBC Holdings plc reaffirmed a buy rating and set a $71.00 price objective (up previously from $65.00) on shares of Carnival Corporation in a research report on Monday, June 26th. ValuEngine raised shares of Carnival Corporation from a hold rating to a buy rating in a research report on Friday, June 2nd. Bank of America Corporation reaffirmed a buy rating and set a $73.20 price objective on shares of Carnival Corporation in a research report on Monday, July 24th. Finally, Zacks Investment Research raised shares of Carnival Corporation from a hold rating to a buy rating and set a $74.00 price objective for the company in a research report on Wednesday, July 12th. Ten research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Carnival Corporation presently has an average rating of Buy and an average target price of $64.54.

Shares of Carnival Corporation (NYSE CCL) traded up 0.50% during midday trading on Wednesday, hitting $64.00. 1,956,148 shares of the company were exchanged. The company has a market capitalization of $46.34 billion, a P/E ratio of 16.93 and a beta of 0.74. Carnival Corporation has a one year low of $45.80 and a one year high of $69.89. The company has a 50-day moving average of $67.69 and a 200 day moving average of $63.59. Carnival Corporation also saw some unusual options trading activity on Tuesday. Investors purchased 8,594 call options on the company. This is an increase of approximately 409% compared to the typical volume of 1,690 call options.

Carnival Corporation (NYSE:CCL) last announced its earnings results on Tuesday, September 26th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.20 by $0.09. The company had revenue of $5.52 billion during the quarter, compared to analysts’ expectations of $5.39 billion. Carnival Corporation had a net margin of 15.53% and a return on equity of 12.34%. Carnival Corporation’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.92 earnings per share. On average, equities research analysts expect that Carnival Corporation will post $3.74 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This article was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/09/28/carnival-corporation-ccl-given-buy-rating-at-stifel-nicolaus.html.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.46%. The ex-dividend date was Wednesday, August 23rd. Carnival Corporation’s dividend payout ratio is currently 43.72%.

In other news, insider Alan Buckelew sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $67.02, for a total value of $1,005,300.00. Following the completion of the transaction, the insider now owns 150,860 shares of the company’s stock, valued at $10,110,637.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 23.80% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC increased its stake in shares of Carnival Corporation by 4.0% in the first quarter. Teachers Advisors LLC now owns 1,313,131 shares of the company’s stock valued at $77,357,000 after buying an additional 50,283 shares during the period. Prudential Financial Inc. increased its stake in shares of Carnival Corporation by 4.3% in the second quarter. Prudential Financial Inc. now owns 669,634 shares of the company’s stock valued at $43,908,000 after buying an additional 27,330 shares during the period. Homrich & Berg acquired a new position in shares of Carnival Corporation in the second quarter valued at approximately $272,000. Covenant Multifamily Offices LLC increased its stake in shares of Carnival Corporation by 2.4% in the second quarter. Covenant Multifamily Offices LLC now owns 39,931 shares of the company’s stock valued at $2,618,000 after buying an additional 929 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Carnival Corporation by 14.7% in the second quarter. Victory Capital Management Inc. now owns 34,549 shares of the company’s stock valued at $2,265,000 after buying an additional 4,422 shares during the period. 77.34% of the stock is owned by institutional investors.

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)

Receive News & Stock Ratings for Carnival Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival Corporation and related stocks with our FREE daily email newsletter.