Price Target Update on Carnival Corporation (NYSE:CCL)

Carnival Corporation (NYSE:CCL) : 9 Wall Street analysts covering Carnival Corporation (NYSE:CCL) believe that the average level the stock could reach for the short term is $60.56. The maximum price target given is $80 and the minimum target for short term is around $50, hence the standard deviation is calculated at $8.85.

Other Equity analysts have also commented on the company shares. Sterne Agee CRT initiates coverage on Carnival Corporation (NYSE:CCL).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Sterne Agee CRT announces the price target of $60 per share. The rating by the firm was issued on June 7, 2016.

Carnival Corporation (NYSE:CCL): stock turned positive on Thursday. Though the stock opened at $50, the bulls momentum made the stock top out at $50 level for the day. The stock recorded a low of $49.25 and closed the trading day at $49.36, in the green by 1.02%. The total traded volume for the day was 4,211,019. The stock had closed at $48.86 in the previous days trading.

The company shares have dropped -2.36% from its 1 Year high price. On Dec 30, 2015, the shares registered one year high at $55.77 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $48.72 and the 200 Day Moving Average price is recorded at $49.38. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Carnival Corp, Glasier Richard had sold 10,000 shares worth of $524,300 in a transaction dated April 1, 2016. In this transaction, 10,000 shares were sold at $52.43 per share.

Carnival Corporation is a cruise vacation company. The Company has three cruise segments that consist of North America cruise brands, Europe, Australia & Asia (EAA) cruise brands, and Cruise Support. In addition, it also has a Tour and Other segment. The Company offers its services under nine cruise brands. Its North America segment cruise brands include Carnival Cruise Lines, Holland America Line, Princess Cruises (Princess) and Seabourn. Its EAA segment cruise brands include AIDA Cruises (AIDA), Costa Cruises (Costa), Cunard, P&O Cruises (Australia) and P&O Cruises (United Kingdom). Its Cruise Support segment includes its cruise port and related facilities located in Cozumel, Mexico; Grand Turk, Turks and Caicos Islands, Roatan, Honduras and Puerto Plata, Dominican Republic. In addition to its cruise operations, it owns Holland America Princess Alaska Tours, a tour company in Alaska and the Canadian Yukon.

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