Carnival Corporation (CCL) : 12 analysts are covering Carnival Corporation (CCL) and their average rating on the stock is 2, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Carnival Corporation (CCL) : The highest short term price target forecast on Carnival Corporation (CCL) is $60 and the lowest target price is $50. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $55.78 with a standard deviation of $3.19.
For the current week, the company shares have a recommendation consensus of Buy. Carnival Corporation (NYSE:CCL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $45.71 and $45.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $46.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.92, notching a gain of 1.06% for the day. The total traded volume was 4,630,654 . The stock had closed at $45.44 on the previous day.
In a related news, The director, of Carnival Corp, Glasier Richard had unloaded 10,000 shares at $52.43 per share in a transaction on April 1, 2016. The total value of transaction was $524,300. The Insider information was revealed by 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.