Carnival (CCL) Stock Rating Reaffirmed by SunTrust Banks

The average 1-year price target for (CCL) reveals an average price target of $75.42 per share. That's a potential 9.62 gain from where (NYSE:CCL) has been trading recently. SunTrust maintained it with "Buy" rating and $60 target in Thursday, March 31 report. Bank of America upgraded the stock to "Buy" rating in Tuesday, October 3 report.

According to Zacks, analysts expect that Carnival will report full-year sales of $4.15 billion for the current fiscal year, with estimates ranging from $17.39 billion to $17.46 billion. The stock of Carnival Corporation (NYSE:CCL) earned "Outperform" rating by Credit Suisse on Tuesday, January 9. Seven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company.

The average 1-year price target for Marriott International, Inc.

At the session level, shares of Carnival Corporation (NYSE:CCL) moved -0.04% from the open. About 3.24M shares traded or 10.78% 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. Looking at the stock's movement on the chart, Carnival Corporation recorded a 52-week high of $69.89. The company has a market capitalization of $49,470.00, a P/E ratio of 19.16, a PEG ratio of 1.18 and a beta of 0.73. Cibc Bank Usa stated it has 0.05% of its portfolio in Carnival Corporation (NYSE:CCL). Carnival had a return on equity of 11.78% and a net margin of 14.88%. The company's revenue was up 6.0% compared to the same quarter previous year. During the same period past year, the company earned $0.67 EPS. The business's revenue for the quarter was up 8.2% compared to the same quarter previous year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Whitnell Com has 0% invested in General Motors Company (NYSE:GM) for 32 shares. Parametric Associates Limited Company owns 0.06% invested in Carnival Corporation (NYSE:CCL) for 811,948 shares. This represents a $1.40 annualized dividend and a dividend yield of 2.53%. The ex-dividend date was Wednesday, November 22nd. Carnival's dividend payout ratio is now 43.72%. Bluemountain Cap Mgmt Lc accumulated 85,597 shares. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Arnold W. Donald sold 90,903 shares of the firm's stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $68.00, for a total value of $204,000.00. The disclosure for this sale can be found here. Company insiders own 23.80% of the company's stock. Institutional investors and hedge funds own 80.26% of the company's stock. Pathstone Family Office LLC now owns 57 shares of the company's stock valued at $2,493,000 after purchasing an additional 38 shares in the last quarter. Almanack Investment Partners LLC. bought a new position in Carnival in the second quarter valued at $117,000. Investec Asset Management LTD now owns 4,961,591 shares of the company's stock valued at $325,332,000 after buying an additional 303,161 shares during the last quarter. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.51 by $0.12. The Sprucegrove Investment Management Ltd holds 238,842 shares with $15.42M value, down from 244,542 last quarter. The stock of Donegal Group Inc. Sprucegrove Investment Management Ltd sold 5,700 shares as Carnival Corp (CCL)'s stock rose 11.01%. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Carnival by 0.6% during the 2nd quarter. Bessemer Group Inc. now owns 2,618 shares of the company's stock valued at $171,000 after purchasing an additional 1,368 shares in the last quarter.

Several other institutional investors have also added to or reduced their stakes in CCL. 339,475 were reported by Connor Clark & Lunn Mngmt Ltd. Assetmark holds 0.06% of its portfolio in Carnival Corporation (NYSE:CCL) for 87,400 shares. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of U.S. and worldwide copyright laws. The firm earned "Outperform" rating on Friday, May 26 by Wolfe Research. Renaissance Grp Limited Liability Company has invested 1.25% in Carnival Corporation (NYSE:CCL). The Company is a cruise company and provides vacations to cruise destinations throughout the world. The firm operates approximately 100 cruise ships. The Company's North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises (Princess) and Seabourn.

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