Carnival Corp (CCL) is Reiterated by Morgan Stanley to Equal-Weight, Lowers Price Target to $ 54

Carnival Corp (CCL) was Reiterated by Morgan Stanley to “Equal-Weight” while Lowering the Price Target of the company shares to $ 54 from a previous price target of $60 . Morgan Stanley advised their investors in a research report released on May 26, 2016.

Many Wall Street Analysts have commented on Carnival Corp. Company shares were Reiterated by Stifel on Mar 31, 2016 to “Buy”, Firm has raised the Price Target to $ 67 from a previous price target of $64 .

On the company’s financial health, Carnival Corp reported $0.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Mar 30, 2016. Analyst had a consensus of $0.32. The company had revenue of $3651.00 million for the quarter, compared to analysts expectations of $3625.77 million. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

Carnival Corp closed down -0.85 points or -1.68% at $49.63 with 51,94,940 shares getting traded on Wednesday. Post opening the session at $50.23, the shares hit an intraday low of $49.5 and an intraday high of $50.23 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Apr 5, 2016, Richard Glasier (director) sold 10,000 shares at $52.43 per share price. According to the SEC, on Mar 9, 2016, Arnold W Donald (President & CEO) sold 23,281 shares at $42.99 per share price. On Feb 25, 2016, David Bernstein (Chief Financial Officer) sold 6,214 shares at $48.11 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Carnival Corp

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