Short Term Price Target on Carnival Corporation (CCL)

Carnival Corporation (NYSE:CCL) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $80 and the lowest price target forecast is $50. The average forecast of all the analysts is $60.56 and the expected standard deviation is $8.85.

Carnival Corporation has lost 10.45% in the last five trading days and dropped 8.01% in the last 4 weeks. Carnival Corporation has dropped 15.63% during the last 3-month period . Year-to-Date the stock performance stands at -17.76%. Also, Sterne Agee CRT initiates coverage on Carnival Corporation (NYSE:CCL) . The global brokerage major announces a current price target of $60 per share. Analysts at the Sterne Agee CRT have a current rating of Buy on the shares. The rating by the firm was issued on June 7, 2016.

Carnival Corporation (NYSE:CCL) : 6 brokerage houses believe that Carnival Corporation (NYSE:CCL) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Carnival Corporation (NYSE:CCL). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 12 Wall Street Analysts endorse the stock as a Buy with a rating of 2.

Carnival Corporation (NYSE:CCL): The stock opened at $44.12 on Thursday but the bulls could not build on the opening and the stock topped out at $44.35 for the day. The stock traded down to $43.77 during the day, due to lack of any buying support eventually closed down at $44.20 with a loss of -0.61% for the day. The stock had closed at $44.47 on the previous day. The total traded volume was 6,542,259 shares.

In an insider trading activity, Glasier Richard, director of Carnival Corp, unloaded 10,000 shares at an average price of $52.43 on April 1, 2016. The total amount of the transaction was worth $524,300, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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