Carnival Corporation (CCL) – Research Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Carnival Corporation (NYSE: CCL) in the last few weeks:

  • 10/2/2017 – Carnival Corporation had its “buy” rating reaffirmed by analysts at Instinet. They now have a $75.00 price target on the stock.
  • 9/29/2017 – Carnival Corporation had its “buy” rating reaffirmed by analysts at Nomura. They now have a $75.00 price target on the stock.
  • 9/28/2017 – Carnival Corporation had its “neutral” rating reaffirmed by analysts at Argus. They now have a $67.00 price target on the stock, down previously from $78.00.
  • 9/28/2017 – Carnival Corporation had its “neutral” rating reaffirmed by analysts at Credit Suisse Group.
  • 9/27/2017 – Carnival Corporation had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $79.00 price target on the stock, up previously from $74.00.
  • 9/27/2017 – Carnival Corporation had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $61.00 price target on the stock, down previously from $62.00.
  • 9/25/2017 – Carnival Corporation had its price target raised by analysts at Susquehanna Bancshares Inc from $75.00 to $76.00. They now have a “positive” rating on the stock.
  • 9/25/2017 – Carnival Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Carnival shares have outpaced the industry year to date. Given burgeoning demand for cruise travel in 2017, the addition of new ships to its fleet bodes well. Carnival believes that it is well positioned for continued earnings growth, given the current strength in its bookings along with pricing trends for the year. Notably, its brand building efforts together with other marketing activities are driving bookings. Its strategy of growing beyond familiar itineraries and capitalizing on fast growing markets is likely to further drive growth. Meanwhile, estimates have been stable lately ahead of its fiscal third quarter earnings release and the company has positive record of earnings surprises in recent quarters. However, adverse forex translations, higher costs along with macroeconomic issues in key operating regions remain headwinds. A potential increase in fuel costs can also hamper its profitability.”
  • 9/21/2017 – Carnival Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $72.00 price target on the stock. According to Zacks, “Carnival shares have outpaced the industry in the past year. Given burgeoning demand for cruise travel in 2017, the addition of new ships to its fleet bodes well. Carnival believes that it is well positioned for continued earnings growth, given the current strength in its bookings along with pricing trends for the year. Notably, its brand building efforts together with other marketing activities are driving bookings. Its strategy of growing beyond familiar itineraries and capitalizing on fast growing markets is likely to further drive growth. Meanwhile, estimates have been stable lately ahead of its fiscal third quarter earnings release and the company has positive record of earnings surprises in recent quarters. However, adverse forex translations, higher costs along with macroeconomic issues in key operating regions remain headwinds. A potential increase in fuel costs can also hamper its profitability.”
  • 9/15/2017 – Carnival Corporation was downgraded by analysts at Credit Suisse Group from an “outperform” rating to a “neutral” rating. They now have a $70.00 price target on the stock, down previously from $78.00.
  • 9/12/2017 – Carnival Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $76.00 price target on the stock. According to Zacks, “Carnival shares have outpaced the industry in the past year. Given burgeoning demand for cruise travel in 2017, the addition of new ships to its fleet bodes well. Carnival believes that it is well positioned for continued earnings growth, given the current strength in its bookings along with pricing trends for the year. Notably, its brand building efforts together with other marketing activities are driving bookings. Its strategy of growing beyond familiar itineraries and capitalizing on fast growing markets is likely to further drive growth. However, adverse forex translations, higher costs along with macroeconomic issues in key operating regions remain headwinds. A potential increase in fuel costs can also hamper its profitability. Meanwhile, estimates have been stable lately ahead of its fiscal third quarter earnings release and the company has positive record of earnings surprises in recent quarters.”
  • 9/8/2017 – Carnival Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Carnival shares have outpaced the industry in the past year. Given burgeoning demand for cruise travel in 2017, the addition of new ships to its fleet bodes well. Carnival believes that it is well positioned for continued earnings growth, given the current strength in its bookings along with pricing trends for the year. Notably, its brand building efforts together with other marketing activities are driving bookings. Its strategy of growing beyond familiar itineraries and capitalizing on fast growing markets is likely to further drive growth. Meanwhile, estimates have been stable lately ahead of its fiscal thirdd quarter earnings release and the company has positive record of earnings surprises in recent quarters. However, adverse forex translations, higher costs along with macroeconomic issues in key operating regions remain headwinds. A potential increase in fuel costs can also hamper its profitability.”
  • 9/5/2017 – Carnival Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $77.00 price target on the stock. According to Zacks, “Carnival shares have outpaced the industry in the past year. Given burgeoning demand for cruise travel in 2017, the addition of new ships to its fleet bodes well. Carnival believes that it is well positioned for continued earnings growth, given the current strength in its bookings along with pricing trends for the year. Notably, its brand building efforts together with other marketing activities are driving bookings. Its strategy of growing beyond familiar itineraries and capitalizing on fast growing markets also bodes well. New onboard product offerings and strategic initiatives are expected to drive onboard yield gains. Cost containment efforts like lower fuel consumption could also aid profits. However, adverse forex translations, higher costs along with macroeconomic issues in key operating regions remain headwinds. A potential increase in fuel costs can also hamper its profitability.”
  • 8/30/2017 – Carnival Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Carnival shares have outpaced the industry in the past year. Given burgeoning demand for cruise travel in 2017, the addition of new ships to its fleet bodes well. Carnival believes that it is well positioned for continued earnings growth, given the current strength in its bookings along with pricing trends for the year. Notably, its brand building efforts together with other marketing activities are driving bookings. Its strategy of growing beyond familiar itineraries and capitalizing on fast growing markets also bodes well. New onboard product offerings and strategic initiatives are expected to drive onboard yield gains. Cost containment efforts like lower fuel consumption could also aid profits. However, adverse forex translations, higher costs along with macroeconomic issues in key operating regions remain headwinds. A potential increase in fuel costs can also hamper its profitability.”
  • 8/29/2017 – Carnival Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $77.00 price target on the stock. According to Zacks, “Carnival shares have outpaced the industry in the past year. Given burgeoning demand for cruise travel in 2017, the addition of new ships to its fleet bodes well. Carnival believes that it is well positioned for continued earnings growth, given the current strength in its bookings along with pricing trends for the year. Notably, its brand building efforts together with other marketing activities are driving bookings. Its strategy of growing beyond familiar itineraries and capitalizing on fast growing markets also bodes well. New onboard product offerings and strategic initiatives are expected to drive onboard yield gains. Cost containment efforts like lower fuel consumption could also aid profits. However, adverse forex translations, higher costs along with macroeconomic issues in key operating regions remain headwinds. A potential increase in fuel costs can also hamper its profitability.”
  • 8/23/2017 – Carnival Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Carnival shares have outpaced the industry in the past one year. Given burgeoning demand for cruise travel in 2017, the addition of new ships to its fleet bodes well. Carnival believes that it is well positioned for continued earnings growth, given the current strength in its bookings along with pricing trends for the year. Notably, its brand building efforts together with other marketing activities are driving bookings. Its strategy of growing beyond familiar itineraries and capitalizing on fast growing markets also bodes well. New onboard product offerings and strategic initiatives are expected to drive onboard yield gains. Cost containment efforts like lower fuel consumption could also aid profits. However, adverse forex translations, higher costs along with macroeconomic issues in key operating regions remain headwinds. A potential increase in fuel costs can also hamper its profitability.”
  • 8/22/2017 – Carnival Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $77.00 price target on the stock. According to Zacks, “Carnival shares have outpaced the industry in the past year. Given burgeoning demand for cruise travel in 2017, the addition of new ships to its fleet bodes well. Carnival believes that it is well positioned for continued earnings growth, given the current strength in its bookings along with pricing trends for the year. Notably, its brand building efforts together with other marketing activities are driving bookings. Its strategy of growing beyond familiar itineraries and capitalizing on fast growing markets also bodes well. New onboard product offerings and strategic initiatives are expected to drive onboard yield gains. Cost containment efforts like lower fuel consumption could also aid profits. However, adverse forex translations, higher costs along with macroeconomic issues in key operating regions remain headwinds. A potential increase in fuel costs can also hamper its profitability.”
  • 8/18/2017 – Carnival Corporation was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

Shares of Carnival Corporation (CCL) traded down 0.16% on Tuesday, hitting $68.13. 1,877,900 shares of the company were exchanged. The firm has a market cap of $49.12 billion, a P/E ratio of 18.53 and a beta of 0.71. Carnival Corporation has a 52-week low of $45.92 and a 52-week high of $69.89. The company has a 50-day moving average price of $66.29 and a 200 day moving average price of $64.61.

Carnival Corporation (NYSE:CCL) last posted its quarterly earnings results on Tuesday, September 26th. The company reported $2.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.20 by $0.09. Carnival Corporation had a net margin of 15.53% and a return on equity of 12.15%. The firm had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.39 billion. During the same quarter last year, the firm posted $1.92 earnings per share. Carnival Corporation’s revenue for the quarter was up 8.2% compared to the same quarter last year. Analysts predict that Carnival Corporation will post $3.69 EPS for the current fiscal year.

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

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.

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