Business

Carnival starts to ring the register on Cuba business

Carnival starts to ring the register on Cuba business

The stock soared 3.18 percent over the last 6 months. "Yet, negative currency translation and macroeconomic issues in key operating regions remain potent headwinds, while increasing fuel costs could impact profitability". They now have a United States dollars 42 price target on the stock. Wells Fargo & Company restated an "overweight" rating on shares of Carnival Corporation in a research report on Friday, December 23rd.

Carnival Corporation on 12/20/2016 reported its EPS as $0.67 with the analysts projecting the EPS of the stock as $0.58. Goldman Sachs Group, Inc. (The) assumed coverage on Carnival Corporation in a report on Thursday, December 15th.

A number of analysts have issued reports on the company. They now have a GBP 36 price target on the stock. (NYSE:ENB) as "STRONG BUY", 5 rated as "BUY" and 2 issued a "HOLD" rating.

The stock's price switched up 2.48% 20-Days Simple Moving Average, added 5.20% from 50-Days Simple Moving Average and rose 15.66% from 200 Days Simple Moving Average. The stock had a trading volume of 870,393 shares. The stock's market capitalization is 31.62B, it has a 52-week low of 3034.00 and a 52-week high of 4411.00. Carnival Corporation had a net margin of 16.96% and a return on equity of 11.35%.

Carnival Corporation (CCL) have shown a high EPS growth of 9.00% in the last 5 years and has earnings decline of 64.90% yoy.

Carnival Corporation was downgraded to "hold" by analysts at Numis Securities.


The firm also recently announced a quarterly dividend, which will be paid on Friday, March 17th. The ex-dividend date of this dividend is Wednesday, February 22nd. This represents a $1.40 dividend on an annualized basis and a yield of 2.48%. Carnival Corporation's dividend payout ratio (DPR) is now 37.43%.

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Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.

The latest Insider trade was made on 17 Jan 2017 where Band (Jonathon) Director did a transaction type "Sell" in which 6276 shares were traded at a price of $53.48. Following the transaction, the general counsel now directly owns 88,789 shares in the company, valued at approximately $4,626,794.79. The disclosure for this sale can be found here. MA ended last trade at $56.25 a share and the price is up more than 8.05% so far this year. Private Asset Management Inc. raised its stake in shares of Carnival Corporation by 48.8% in the third quarter. Northwestern Mutual Investment Management Company LLC increased its position in shares of Carnival Corporation by 10.3% in the second quarter. The fund owned 299,500 shares of the company's stock after buying an additional 12,070 shares during the period.

Carnival Corporation (NYSE:CCL) posted earnings of $0.67/Share in the previous quarter, as compared to earnings of $0.58/share estimated by analysts. Institutional investors and hedge funds own 79.45% of the company's stock.