Carnival Corporation (CCL) Receives ‘Analyst’ Rating

Carnival Corporation (CCL) has an average broker rating of 2.13, which is interpreted as a Buy, as rated by 10 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Carnival Corporation (CCL) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $60 and the lowest price target forecast is $48. The average forecast of all the analysts is $54.13 and the expected standard deviation is $3.68.


Also, Bernstein initiates coverage on Carnival Corporation (NYSE:CCL). In the latest research report, Bernstein announces the target price to $51 per share. According to the latest information available, the shares are now rated Outperform by the analysts at the agency. The rating by the firm was issued on September 9, 2016.

Carnival Corporation (NYSE:CCL): After opening at $46.22, the stock dipped to an intraday low of $46.1 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $46.63 and the buying power remained strong till the end. The stock closed at $46.47 for the day, a gain of 0.52% for the day session. The total traded volume was 6,366,914. The stocks close on the previous trading day was $46.23.

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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