Carnival Corp. (NYSE:CCL) – Equities researchers at Wedbush lowered their FY2017 EPS estimates for Carnival Corp. in a research note issued to investors on Friday. Wedbush analyst J. Hardiman now forecasts that the brokerage will earn $3.65 per share for the year, down from their prior estimate of $3.66. Wedbush currently has a “Neutral” rating and a $54.00 target price on the stock.
Other equities analysts have also recently issued research reports about the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $60.00 price target on shares of Carnival Corp. in a research note on Tuesday, September 27th. Nomura dropped their price target on shares of Carnival Corp. from $62.00 to $59.00 and set a “buy” rating on the stock in a research note on Tuesday, September 27th. Bank of America Corp. set a $53.40 target price on shares of Carnival Corp. and gave the company a “buy” rating in a research note on Wednesday, September 21st. Buckingham Research upped their target price on shares of Carnival Corp. from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, September 27th. Finally, Wells Fargo & Co. restated a “buy” rating on shares of Carnival Corp. in a research note on Wednesday, September 28th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $55.64.
Carnival Corp. (NYSE:CCL) traded up 0.09% during trading on Monday, hitting $46.56. 1,957,030 shares of the stock were exchanged. Carnival Corp. has a 1-year low of $40.52 and a 1-year high of $55.77. The company has a 50-day moving average price of $46.96 and a 200 day moving average price of $47.60. The firm has a market capitalization of $33.99 billion, a price-to-earnings ratio of 14.48 and a beta of 0.80.
Carnival Corp. (NYSE:CCL) last released its quarterly earnings data on Monday, September 26th. The company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.03. Carnival Corp. had a net margin of 15.10% and a return on equity of 10.76%. The company earned $5.10 billion during the quarter. During the same quarter last year, the business posted $1.75 earnings per share. Carnival Corp.’s revenue was up 4.4% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Mariner Wealth Advisors LLC purchased a new position in Carnival Corp. during the first quarter worth approximately $400,000. Sun Life Financial INC bought a new stake in shares of Carnival Corp. during the first quarter worth about $116,305,000. Prudential PLC increased its stake in shares of Carnival Corp. by 1.3% in the first quarter. Prudential PLC now owns 219,483 shares of the company’s stock worth $11,582,000 after buying an additional 2,886 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Carnival Corp. by 0.8% in the first quarter. Geode Capital Management LLC now owns 3,812,827 shares of the company’s stock worth $200,820,000 after buying an additional 31,287 shares in the last quarter. Finally, AXA increased its stake in shares of Carnival Corp. by 0.4% in the first quarter. AXA now owns 67,100 shares of the company’s stock worth $3,541,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 77.93% of the company’s stock.
In other news, CFO David Bernstein sold 4,030 shares of the stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $49.18, for a total transaction of $198,195.40. Following the completion of the transaction, the chief financial officer now directly owns 47,256 shares in the company, valued at approximately $2,324,050.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 22.00% of the company’s stock.
Carnival Corp. Company Profile
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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