November 23, 2016 - By whatsonthorold
Bernstein upped Carnival Corporation (NYSE:CCL)‘s stock to a “Outperform” rating from “Market Perform”. The ratings change was revealed to investors in a a research note today. The firm from today has $63.00 price target on the stock.
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 8.57% above today’s ($52.28) stock price. Carnival Corporation has been the topic of 35 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The company was maintained on Tuesday, March 29 by Goldman Sachs. On Monday, October 3 the stock rating was initiated by HSBC with “Buy”. The firm has “Hold” rating given on Thursday, September 29 by Deutsche Bank. The stock of Carnival Corp (NYSE:CCL) earned “Add” rating by Numis Securities on Wednesday, September 23. On Thursday, September 24 the stock rating was maintained by Barclays Capital with “Equal Weight”. The firm has “Equal-Weight” rating by Barclays Capital given on Thursday, March 31. The firm earned “Buy” rating on Wednesday, September 23 by Nomura. On Tuesday, October 4 the stock rating was initiated by Macquarie Research with “Neutral”. On Friday, September 2 the stock rating was downgraded by Morgan Stanley to “Underweight”. The firm has “Buy” rating by Buckingham Research given on Wednesday, November 4.
About 2.03 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 fall, 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.
Davenport Ltd Llc reported 595,253 shares or 0% of all its holdings. Moreover, Manufacturers Life Ins The has 0.03% invested in Carnival Corp (NYSE:CCL) for 397,569 shares. British Columbia Invest accumulated 0.1% or 250,978 shares. Swiss Retail Bank holds 0.08% or 1.16 million shares in its portfolio. Putnam Invs Limited Liability Co owns 174,711 shares or 0.02% of their US portfolio. The Arizona-based Arizona State Retirement has invested 0.09% in Carnival Corp (NYSE:CCL). Us Bank De accumulated 189,698 shares or 0.03% of the stock. Winslow Evans And Crocker accumulated 160 shares or 0% of the stock. Bartlett Ltd Company owns 100 shares or 0% of their US portfolio. Hutchinson Capital Management Ca has 380,397 shares for 5.1% of their US portfolio. Parametric Port Associate Limited Co last reported 0.06% of its portfolio in the stock. London Of Virginia holds 5.77 million shares or 1.96% of its portfolio. Blackrock Inv Mngmt Llc reported 2.91M shares or 0.16% of all its holdings. The Tennessee-based State Of Tennessee Treasury Department has invested 0.09% in Carnival Corp (NYSE:CCL). Cqs Cayman L P has invested 2.13% of its portfolio in Carnival Corp (NYSE:CCL).
Insider Transactions: Since October 3, 2016, the stock had 0 insider purchases, and 2 sales for $4.48 million net activity. $198,213 worth of Carnival Corp (NYSE:CCL) shares were sold by Bernstein David. $4.29 million worth of Carnival Corp (NYSE:CCL) was sold by DONALD ARNOLD W on Tuesday, October 18.
Carnival Corporation is a leisure travel company. The company has a market cap of $38.27 billion. The Firm is a cruise firm and provides vacations to cruise destinations throughout the world. It has a 16.02 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.”
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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