Follow The Ratings: Is Carnival (NYSE:CCL) a Stock to Buy After Bernstein Upgrade?

November 23, 2016 - By whatsonthorold

Follow The Ratings:  Is Carnival (NYSE:CCL) a Stock to Buy After Bernstein Upgrade?

Carnival (NYSE:CCL) Upgrade

Carnival (NYSE:CCL)‘s Mkt Perform rating is no longer valid. Professional analysts at Bernstein raised CCL’s rating to a Outperform.

Carnival Corp (NYSE:CCL) Ratings Coverage

Out of 20 analysts covering Carnival Corporation (NYSE:CCL), 12 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 60% are positive. $64 is the highest target while $48 is the lowest. The $56.76 average target is 8.99% above today’s ($52.08) stock price. Carnival Corporation has been the topic of 35 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Thursday, September 24, the company rating was maintained by Barclays Capital. The firm has “Add” rating given on Wednesday, September 23 by Numis Securities. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, September 23. The stock of Carnival Corp (NYSE:CCL) earned “Hold” rating by Deutsche Bank on Thursday, September 29. Deutsche Bank maintained Carnival Corp (NYSE:CCL) on Thursday, September 24 with “Buy” rating. The rating was maintained by Credit Suisse on Wednesday, September 23 with “Outperform”. The firm earned “Buy” rating on Tuesday, June 7 by Sterne Agee CRT. The firm has “Neutral” rating given on Tuesday, October 4 by Macquarie Research. As per Wednesday, November 4, the company rating was maintained by Buckingham Research. The rating was maintained by Deutsche Bank with “Buy” on Monday, January 4.

About 1.17 million shares traded hands. Carnival Corp (NYSE:CCL) has risen 5.27% since April 21, 2016 and is uptrending. It has underperformed by 0.06% the S&P500.

Insitutional Activity: The institutional sentiment decreased to 0.9 in Q2 2016. Its down 0.05, from 0.95 in 2016Q1. The ratio dropped, as 55 funds sold all Carnival Corp shares owned while 199 reduced positions. 53 funds bought stakes while 188 increased positions. They now own 409.94 million shares or 6.26% less from 437.31 million shares in 2016Q1.

Point72 Asia (Hong Kong), a Hong Kong-based fund reported 1,700 shares. Lpl Fincl Lc reported 23,822 shares or 0.01% of all its holdings. Euclid Advsrs Ltd Liability Co has invested 0.01% of its portfolio in Carnival Corp (NYSE:CCL). Janney Montgomery Scott Limited Liability Com has 32,090 shares for 0.02% of their US portfolio. Ameritas Investment Prtn owns 8,685 shares or 0.02% of their US portfolio. Geode Cap Mgmt Ltd Liability has 3.73 million shares for 0.09% of their US portfolio. Rhumbline Advisers has 0.08% invested in the company for 639,466 shares. Brown Brothers Harriman Communication holds 194 shares or 0% of its portfolio. Eqis Mgmt accumulated 0.05% or 17,712 shares. Omers Administration, a Ontario – Canada-based fund reported 64,500 shares. Blackrock Advsrs Limited Com has 0.11% invested in the company for 2.55 million shares. Twin Capital Management Incorporated holds 0.2% or 61,560 shares in its portfolio. Swarthmore Inc owns 40,900 shares or 0.31% of their US portfolio. Checchi Cap Advisers Ltd Liability has invested 0.03% of its portfolio in Carnival Corp (NYSE:CCL). Old Second State Bank Of Aurora holds 100 shares or 0% of its portfolio.

Insider Transactions: Since October 3, 2016, the stock had 0 insider purchases, and 2 sales for $4.48 million net activity. DONALD ARNOLD W also sold $4.29 million worth of Carnival Corp (NYSE:CCL) shares. Bernstein David had sold 4,030 shares worth $198,213 on Monday, October 3.

Carnival Corporation is a leisure travel company. The company has a market cap of $38.12 billion. The Firm is a cruise firm and provides vacations to cruise destinations throughout the world. It has a 15.96 P/E ratio. The Firm aggregates its approximately nine global, regional and national cruise brands into North America, and Europe, Australia & Asia divisions.

According to Zacks Investment Research, “Carnival Corporation & plc is the largest cruise company in the world, with a portfolio of 10 cruise brands in North America, Europe, Australia and Asia, comprised of Carnival Cruise Line, Holland America Line, Princess Cruises, Seabourn, AIDA Cruises, Costa Cruises, Cunard, P&O Cruises (Australia), P&O Cruises (UK) and Fathom.”

CCL Company Profile

Carnival Corporation, incorporated on November 21, 1974, is a leisure travel company. The Firm is a cruise firm and provides vacations to cruise destinations throughout the world. The Firm aggregates its approximately nine global, regional and national cruise brands into North America, and Europe, Australia & Asia (EAA) divisions. The North America segment includes Carnival Cruise Line, Princess Cruises (Princess), Holland America Line and Seabourn cruise brands. The EAA segment includes Costa Cruises, AIDA Cruises, P&O Cruises (UK), P&O Cruises (Australia) and Cunard cruise brands. The Company’s Cruise Support segment includes its cruise port and related facilities located in Cozumel, Mexico; Grand Turk, Turks and Caicos Islands; Puerto Plata, Dominican Republic, and Roatan, Honduras. The Cruise Support segment also includes other services that are provided for the benefit of all its cruise brands. The Tour and Other segment includes Holland America Princess Alaska Tours, a tour firm in Alaska and the Canadian Yukon, and approximately three cruise ships, the former Costa Celebration, Costa Europa and Grand Holiday, which it owns and charters-out under long-term leases. The Company’s tour firm owns and operates approximately 10 hotels or lodges, over 300 motorcoaches and approximately 20 glass-domed railcars.

More important recent Carnival Corp (NYSE:CCL) news were published by: Miamiherald.com which released: “Carnival Corp.’s Arnold Donald appointed chair of Cruise Lines International …” on November 14, 2016, also Latimes.com published article titled: “Carnival Corp. to screen cruise passengers through Interpol”, Prnewswire.com published: “Carnival Corporation to Expand the Fathom Experience to Additional Company …” on November 02, 2016. More interesting news about Carnival Corp (NYSE:CCL) was released by: Prnewswire.com and their article: “Carnival Corporation to Partner with INTERPOL for Enhanced Security Screening” with publication date: November 08, 2016.

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