Jefferies Group Downgrades Carnival Corp. to Underperform (CCL)

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Carnival Corp. (NYSE:CCL) was downgraded by equities researchers at Jefferies Group from a “hold” rating to an “underperform” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports.

Other equities research analysts have also recently issued reports about the stock. Analysts at HSBC upgraded shares of Carnival Corp. from a “neutral” rating to an “overweight” rating in a research note on Thursday, February 6th. They now have a $43.50 price target on the stock, up previously from $33.00. Separately, analysts at Numis Securities Ltd upgraded shares of Carnival Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, January 28th. Finally, analysts at SunTrust upgraded shares of Carnival Corp. from a “reduce” rating to a “neutral” rating in a research note on Monday, January 13th. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $182.66.

Shares of Carnival Corp. (NYSE:CCL) opened at 40.31 on Tuesday. Carnival Corp. has a 52 week low of $31.44 and a 52 week high of $41.89. The stock has a 50-day moving average of $40.05 and a 200-day moving average of $36.64. The company has a market cap of $31.281 billion and a price-to-earnings ratio of 28.71.

Carnival Corp. (NYSE:CCL) last posted its quarterly earnings results on Thursday, December 19th. The company reported $0.04 EPS for the quarter. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. Analysts expect that Carnival Corp. will post $1.70 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, March 14th. Investors of record on Friday, February 21st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Wednesday, February 19th.

Carnival Corporation is a cruise company. The Company operates in two segments: North America and Europe, Australia & Asia (NYSE:CCL).

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