Carnival Corp (CCL) is Upgraded by Bernstein to Outperform

Carnival Corp (CCL) was Upgraded by Bernstein to ” Outperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Bernstein advised their investors in a research report released on Nov 23, 2016.

Many Wall Street Analysts have commented on Carnival Corp. Carnival Corp was Initiated by Macquarie to “Neutral” on Oct 4, 2016. Carnival Corp was Initiated by HSBC Securities to “Buy” on Oct 3, 2016. Carnival Corp was Downgraded by Morgan Stanley to ” Underweight” on Sep 2, 2016.

On the company’s financial health, Carnival Corp reported $1.92 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Sep 26, 2016. Analyst had a consensus of $1.89. The company had revenue of $5097.00 million for the quarter, compared to analysts expectations of $5066.60 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.75 EPS.

Carnival Corp (CCL) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $51.14 and reached the intraday high at $51.64. The bulls started the profit booking and pushed the shares to intraday low of $51.03. The trading session was marked by a volume range of 22,78,694 shares exchanging hands. The 52-week high of the shares is $55.77 and the 52-week low is $40.52. The market cap of the company stands at $38,834 M and there are 75,40,59,200 shares in public circulation.

In a different news, on Oct 20, 2016, Arnold W Donald (President & CEO) sold 91,813 shares at $46.67 per share price. According to the SEC, on Oct 5, 2016, David Bernstein (CFO & CAO) sold 4,030 shares at $49.30 per share price. On Apr 5, 2016, Richard Glasier (director) sold 10,000 shares at $52.43 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Carnival Corp

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