Carnival Corporation (NYSE:CCL) had its price target hoisted by Susquehanna Bancshares Inc from $75.00 to $76.00 in a research report sent to investors on Monday, Marketbeat reports. The firm currently has a positive rating on the stock.

A number of other equities analysts also recently commented on the stock. HSBC Holdings plc restated a buy rating and issued a $71.00 target price (up from $65.00) on shares of Carnival Corporation in a research note on Monday, June 26th. Zacks Investment Research upgraded shares of Carnival Corporation from a hold rating to a buy rating and set a $77.00 target price on the stock in a research note on Tuesday, September 5th. Wedbush restated a neutral rating and issued a $66.00 target price (up from $61.00) on shares of Carnival Corporation in a research note on Sunday, June 25th. 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 research note on Saturday, June 3rd. Finally, William Blair restated an outperform rating on shares of Carnival Corporation in a research note on Friday, June 9th. Nine research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Carnival Corporation presently has a consensus rating of Buy and a consensus target price of $64.39.

Shares of Carnival Corporation (NYSE:CCL) opened at 63.68 on Monday. Carnival Corporation has a 12-month low of $45.80 and a 12-month high of $69.89. The stock’s 50 day moving average is $67.69 and its 200-day moving average is $63.59. The stock has a market capitalization of $46.10 billion, a price-to-earnings ratio of 16.84 and a beta of 0.74. Carnival Corporation also saw some unusual options trading activity on Tuesday. Stock investors bought 8,594 call options on the stock. This represents an increase of 409% compared to the typical daily volume of 1,690 call options.

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

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another publication, it was stolen and reposted in violation of United States & international copyright and trademark laws. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/09/28/carnival-corporation-ccl-price-target-raised-to-76-00.html.

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

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

A number of large investors have recently bought and sold shares of the stock. Pathstone Family Office LLC lifted its position in Carnival Corporation by 200.0% during the second quarter. Pathstone Family Office LLC now owns 57 shares of the company’s stock valued at $2,493,000 after acquiring an additional 38 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its position in Carnival Corporation by 1.4% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,926 shares of the company’s stock valued at $191,000 after acquiring an additional 40 shares during the last quarter. Cleararc Capital Inc. lifted its position in Carnival Corporation by 0.6% during the first quarter. Cleararc Capital Inc. now owns 10,237 shares of the company’s stock valued at $603,000 after acquiring an additional 63 shares during the last quarter. Security National Bank of Sioux City Iowa IA lifted its position in Carnival Corporation by 0.5% during the second quarter. Security National Bank of Sioux City Iowa IA now owns 13,390 shares of the company’s stock valued at $878,000 after acquiring an additional 65 shares during the last quarter. Finally, Scotia Capital Inc. lifted its position in Carnival Corporation by 0.4% during the second quarter. Scotia Capital Inc. now owns 16,604 shares of the company’s stock valued at $1,089,000 after acquiring an additional 71 shares during the last quarter. 77.34% of the stock is owned by 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)

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.