Several other equities analysts also recently commented on CCL. Tigress Financial raised shares of Carnival Corp. from a neutral rating to a buy rating in a research note on Tuesday, May 31st. Sterne Agee CRT started coverage on shares of Carnival Corp. in a research note on Tuesday, June 7th. They set a buy rating and a $60.00 price objective for the company. Goldman Sachs Group Inc. upped their price objective on shares of Carnival Corp. from $46.50 to $52.00 and gave the company a neutral rating in a research note on Wednesday, June 29th. Nomura reaffirmed a buy rating and set a $62.00 price objective on shares of Carnival Corp. in a research note on Wednesday, June 29th. Finally, Barclays PLC reaffirmed a hold rating and set a $56.00 price objective (down from $58.00) on shares of Carnival Corp. in a research note on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $55.97.
Carnival Corp. (NYSE:CCL) opened at 48.26 on Tuesday. The firm’s 50-day moving average price is $46.65 and its 200-day moving average price is $47.80. Carnival Corp. has a 1-year low of $40.52 and a 1-year high of $55.77. The firm has a market cap of $35.95 billion, a P/E ratio of 16.63 and a beta of 0.84.
Carnival Corp. (NYSE:CCL) last issued its quarterly earnings data on Monday, September 26th. The company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.89 by $0.03. The firm earned $5.10 billion during the quarter. Carnival Corp. had a net margin of 15.10% and a return on equity of 10.76%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the company posted $1.75 earnings per share. Equities research analysts anticipate that Carnival Corp. will post $8.29 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, August 26th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.90%. The ex-dividend date was Wednesday, August 24th. Carnival Corp.’s dividend payout ratio is currently 42.94%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Orbis Allan Gray Ltd acquired a new position in shares of Carnival Corp. during the first quarter valued at $104,294,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Carnival Corp. by 4.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,109 shares of the company’s stock valued at $182,000 after buying an additional 162 shares in the last quarter. AXA boosted its position in shares of Carnival Corp. by 0.4% in the first quarter. AXA now owns 67,100 shares of the company’s stock valued at $3,541,000 after buying an additional 300 shares in the last quarter. Sterling Ridge Capital Management LP boosted its position in shares of Carnival Corp. by 23.2% in the first quarter. Sterling Ridge Capital Management LP now owns 64,833 shares of the company’s stock valued at $3,421,000 after buying an additional 12,195 shares in the last quarter. Finally, Mitra Capital LLC acquired a new position in shares of Carnival Corp. during the first quarter valued at $7,506,000. Institutional investors and hedge funds own 77.99% of the company’s stock.
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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