Nomura reissued their buy rating on shares of Carnival Corporation (NYSE:CCL) in a report issued on Friday morning. Nomura currently has a $75.00 target price on the stock.

Several other brokerages also recently commented on CCL. Stifel Nicolaus restated a buy rating and issued a $79.00 target price (up from $74.00) on shares of Carnival Corporation in a research note on Wednesday, September 27th. Argus reaffirmed a neutral rating and set a $67.00 price target (down from $78.00) on shares of Carnival Corporation in a research note on Thursday, September 28th. Credit Suisse Group reiterated a neutral rating on shares of Carnival Corporation in a report on Thursday, September 28th. Susquehanna Bancshares Inc increased their price target on Carnival Corporation from $75.00 to $76.00 and gave the stock a positive rating in a report on Monday, September 25th. Finally, Zacks Investment Research raised Carnival Corporation from a hold rating to a buy rating and set a $75.00 price objective for the company in a research note on Tuesday, August 1st. Ten analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $65.07.

Shares of Carnival Corporation (NYSE CCL) opened at 64.43 on Friday. The company has a market capitalization of $46.45 billion, a price-to-earnings ratio of 17.52 and a beta of 0.71. Carnival Corporation has a one year low of $45.92 and a one year high of $69.89. The stock has a 50 day moving average price of $66.83 and a 200-day moving average price of $64.10.

Carnival Corporation (NYSE:CCL) last posted its quarterly earnings results on Tuesday, September 26th. The company reported $2.29 earnings per share for the quarter, beating the 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 during the quarter, compared to the consensus estimate of $5.39 billion. During the same period in the previous year, the firm posted $1.92 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts expect that Carnival Corporation will post $3.69 EPS for the current year.

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The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Wednesday, August 23rd. Carnival Corporation’s payout ratio is 43.72%.

In related news, insider Alan Buckelew sold 15,000 shares of the stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $67.52, for a total transaction of $1,012,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 23.80% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in shares of Carnival Corporation by 2,672.9% during the 1st quarter. BlackRock Inc. now owns 27,919,132 shares of the company’s stock valued at $1,644,716,000 after acquiring an additional 26,912,293 shares during the period. Alliancebernstein L.P. increased its stake in shares of Carnival Corporation by 316.9% during the 2nd quarter. Alliancebernstein L.P. now owns 4,236,266 shares of the company’s stock worth $277,772,000 after purchasing an additional 3,220,191 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Carnival Corporation by 115.5% during the 2nd quarter. Janus Henderson Group PLC now owns 3,088,143 shares of the company’s stock worth $202,505,000 after purchasing an additional 1,655,345 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Carnival Corporation by 6.5% during the 1st quarter. Bank of America Corp DE now owns 24,838,450 shares of the company’s stock worth $1,463,234,000 after purchasing an additional 1,519,630 shares during the last quarter. Finally, Numeric Investors LLC increased its stake in shares of Carnival Corporation by 160.4% during the 2nd quarter. Numeric Investors LLC now owns 2,416,066 shares of the company’s stock worth $158,421,000 after purchasing an additional 1,488,366 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

About Carnival Corporation

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.

Analyst Recommendations for Carnival Corporation (NYSE:CCL)

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