Carnival Corp (NYSE:CCL) was upgraded by analysts at Jefferies Group from an “underperform” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. Jefferies Group now has a $14.00 price target on that stock, down previously from $15.00.
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On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the Director of Carnival Corp, Glasier Richard had sold 4,000 shares worth of $178,360 in a transaction dated May 7, 2015.
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) has announced that it has increased its quarterly dividend to $0.30 per share. The heightened volatility saw the trading volume jump to 4,407,663 shares. The 52-week low of the share price is at $33.11. The stock has a 50-day moving average of GBX 3,237.97 and a 200-day moving average of GBX 3,107.31.
Carnival Corporation (NYSE:CCL) rose 2.47% or 1.25 points on Monday and made its way into the gainers of the day. The company had revenue of $3.59 billion for the quarter. The shares saw a net money flow of $(-21.85) million and the up/down ratio stood at 0.53.
Shares of Carnival Corporation rose by 5% in the last five trading days and 8.36% for the last 4 weeks.
Several other analysts have also recently commented on the stock.
The company, which operates Carnival Cruise Lines, among others, has benefited in recent quarters from broad-based booking strength and firmer pricing. Analysts at Citigroup Inc. raised their price target on shares of Carnival Corp from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Finally, analysts at Natixis reiterated a buy rating and set a GBX 3,600 ($55.81) price target on shares of Carnival plc in a research note on Wednesday, June 24th. The 12-month consensus target price for the stock is GBX 5011, which reflects an upside potential of 44.62% over the current price.
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The cruise ship company is dual-listed in the U.S. and Britain. The Company has three cruise segments that consist of North America cruise brands, Europe, Australia & Asia (EAA) cruise brands, and Cruise Support. The Company offers its services under nine cruise brands. In addition to its cruise brands, it has a Cruise Support segment that includes its cruise port and related facilities located in Cozumel, Mexico; Grand Turk, Turks and Caicos Islands and Roatn, Honduras.
