Carnival Corporation (CCL) Receives Price Target

Carnival Corporation (CCL) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $60 and the lowest price target forecast is $53. The average forecast of all the analysts is $55.43 and the expected standard deviation is $2.44.

Carnival Corporation (CCL) : 5 brokerage houses believe that Carnival Corporation (CCL) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Carnival Corporation (CCL). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 9 Wall Street Analysts endorse the stock as a Buy with a rating of 1.89.


Also, Equity analysts at the Brokerage firm Goldman Sachs maintains its rating on Carnival Corporation (NYSE:CCL). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Goldman Sachs raises the price target from $46.5 per share to $52 per share. The rating by the firm was issued on June 29, 2016.

Carnival Corporation (NYSE:CCL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $48.05 and $48.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $48.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $48.70, notching a gain of 1.88% for the day. The total traded volume was 4,118,454 . The stock had closed at $47.80 on the previous day.

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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