Are Analysts Bullish about Carnival Corporation (NYSE:CCL) after last week?

Cornelia Mascio
Gennaio 14, 2018

Carnival Corporation (NYSE:CCL) has risen 24.12% since January 13, 2017 and is uptrending. The average 1-year price target for (CCL) reveals an average price target of $75.42 per share. SunTrust Banks also issued estimates for Carnival's Q1 2018 earnings at $0.41 EPS, Q2 2018 earnings at $0.40 EPS, Q3 2018 earnings at $2.63 EPS, Q4 2018 earnings at $0.81 EPS, Q1 2019 earnings at $0.52 EPS, Q2 2019 earnings at $0.52 EPS, Q3 2019 earnings at $2.93 EPS, Q4 2019 earnings at $0.97 EPS and FY2019 earnings at $4.94 EPS. The analysts noted that the move was a valuation call. The stock of Carnival Corporation (NYSE:CCL) has "Buy" rating given on Monday, October 3 by HSBC. Susquehanna Bancshares raised their price objective on Carnival from $75.00 to $76.00 and gave the company a "positive" rating in a report on Monday, September 25th. The rating was maintained by SunTrust with "Buy" on Thursday, March 31. The firm has "Buy" rating by Stifel Nicolaus given on Monday, December 21. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Carnival presently has an average rating of "Buy" and an average target price of $72.78. Carnival Corporation (NYSE:CCL) has risen 24.12% since January 12, 2017 and is uptrending. About 101,623 shares traded or 30.57% up from the average. The company has a quick ratio of 0.14, a current ratio of 0.18 and a debt-to-equity ratio of 0.29. Carnival Corporation has a 12 month low of $40.52 and a 12 month high of $57.79.

Carnival plc (LON:CCL) shares dropped 0% on Friday. After $0.82 actual EPS reported by D.R. Horton, Inc. for the previous quarter, Wall Street now forecasts -25.61% negative EPS growth. The firm had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.15 billion. Carnival had a net margin of 15.53% and a return on equity of 12.15%. Carnival's quarterly revenue was up 8.2% compared to the same quarter last year. research analysts expect that Carnival will post 4.25 earnings per share for the current fiscal year.

Carnival Corporation (CCL) now trades with a market capitalization of $49.60 Billion. 5,000 shares were sold by DONALD ARNOLD W, worth $334,518 on Tuesday, January 2. The stock was sold at an average price of $65.43, for a total transaction of $327,150.00. Birch Hill Inv Lc holds 140,851 shares. The sale was disclosed in a filing with the SEC, which is accessible through this link. $731,454 worth of stock was sold by Bernstein David on Thursday, January 4. Duncker Streett & Company Inc bought 10,505 shares as the company's stock rose 11.01% with the market. The disclosure for this sale can be found here.

Shares of Carnival (NYSE CUK) traded up $0.79 during trading hours on Friday, hitting $70.01. Company insiders own 23.80% of the company's stock. (NYSE:DHI). Odey Asset Management Group Inc accumulated 13,950 shares or 0.05% of the stock. BlackRock Japan Co. Ltd now owns 719,564 shares of the company's stock valued at $35,129,000 after buying an additional 113,394 shares during the last quarter. Security National Bank of Sioux City Iowa IA grew its stake in Carnival by 0.5% during the 2nd quarter. The institutional investor held 54,751 shares of the computer manufacturing company at the end of 2017Q3, valued at $8.44M, down from 60,471 at the end of the previous reported quarter. Westover Cap Advsrs Ltd Llc holds 0.47% or 12,251 shares in its portfolio.

Picton Mahoney Asset Management increased its stake in General Mtrs Co (GM) by 129.41% based on its latest 2017Q3 regulatory filing with the SEC. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.60% with $406.24 Million sitting short, betting on future declines. Janus Henderson Group PLC now owns 3,525,084 shares of the company's stock valued at $227,614,000 after buying an additional 436,941 shares during the last quarter.

Several other institutional investors have also added to or reduced their stakes in CCL.

COPYRIGHT VIOLATION NOTICE: This piece of content was posted by Week Herald and is the sole property of of Week Herald. The correct version of this piece of content can be accessed at https://weekherald.com/2018/01/11/carnival-ccl-receives-buy-rating-from-suntrust-banks.html. Chevy Chase Tru has 0.1% invested in Carnival Corporation (NYSE:CCL). The Company is a cruise company of global cruise guests, and a provider of vacations to all cruise destinations throughout the world. The firm operates approximately 100 cruise ships. It offers cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, and Seabourn brands in North America; and Costa, AIDA, P&O Cruises, Cunard, and P&O Cruises (Australia) brands in Europe, Australia, and Asia.

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