Analyst Rating Update on Carnival Corporation (CUK)

Carnival Corporation (NYSE:CUK) : 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Carnival Corporation (NYSE:CUK). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 1 Wall Street Analysts endorse the stock as a Hold with a rating of 3.

For this week, the average consensus of the company shares are rated as a Strong Buy.

Carnival Corporation (NYSE:CUK): stock turned positive on Tuesday. Though the stock opened at $45.37, the bulls momentum made the stock top out at $46.33 level for the day. The stock recorded a low of $43.62 and closed the trading day at $44.23, in the green by 1.10%. The total traded volume for the day was 870,477. The stock had closed at $43.75 in the previous days trading.

In an insider trading activity, Thamm Michael Olaf, officer (CEO – Costa Crociere) of Carnival Plc, unloaded 9,590 shares at an average price of $49.58 on May 31, 2016. The total amount of the transaction was worth $475,472, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Carnival plc 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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