Rating on Carnival (NYSE:CCL) is Set to “Hold”. Its Reiterates by Deutsche Bank with $68 Target.

June 27, 2018 - By Maria Fierro

Carnival Corporation (NYSE:CCL) Corporate Logo

Big Money Sentiment decreased to 1.18 in Q1 2018. It has change of 0.04, from 2017Q4’s 1.22. The ratio dropped due to Carnival Corporation positioning: 46 sold and 219 reduced. 73 funds amassed stakes and 240 increased stakes. Investors holded 398.04 million in 2017Q4 but now own 394.90 million shares or 0.79% less.

Clarivest Asset Mngmt Ltd Liability holds 8,695 shs. Louisiana State Employees Retirement Sys reported 24,800 shs stake. Cubist Systematic Strategies Limited reported 24,349 shs. Kornitzer Mgmt Inc Ks reported 42,288 shs stake. Acg Wealth holds 0.03% in Carnival Corporation (NYSE:CCL) or 3,223 shs. Asset holds 182,589 shs or 2.01% of its capital. Centurylink Invest Mngmt has invested 0.62% of its capital in Carnival Corporation (NYSE:CCL). Moreover, Stellar Cap Mgmt Limited Liability Company has 1.4% invested in Carnival Corporation (NYSE:CCL) for 33,150 shs. 38,303 are held by Foster & Motley. Banced Corporation owns 1.06% invested in Carnival Corporation (NYSE:CCL) for 9,091 shs. Signaturefd Ltd Liability Co owns 0.02% invested in Carnival Corporation (NYSE:CCL) for 2,746 shs. Gsa Capital Prns Ltd Liability Partnership holds 69,063 shs. Eqis Cap Mngmt has invested 0.03% in Carnival Corporation (NYSE:CCL). Farmers And Merchants has 145 shs. Jefferies Group Llc invested in 128,250 shs.

Carnival Corporation registered $11.07 million net activity with 0 insider purchases and 21 sales since January 2, 2018. On Friday, January 12 $299,957 worth of stock was sold by Bernstein David. On Tuesday, February 13 PEREZ ARNALDO also sold $588,852 worth of Carnival Corporation (NYSE:CCL). 21,602 shs were sold by KRUSE STEIN, worth $1.49 million. On Tuesday, January 16 3,840 shs were sold by BAND SIR JONATHON, worth $267,226. GLASIER RICHARD also sold $288,874 worth of Carnival Corporation (NYSE:CCL) shs.

Reiterated Carnival (NYSE:CCL) Rating.

The $68 price target on the $42.66 billion MC company given by Equity research analysts at Deutsche Bank gives a potential upside of 13.81 %. The Carnival (NYSE:CCL)‘s stock had its “Hold” Rating revealed to clients in an analyst note on 26 June.

Carnival Corporation (NYSE:CCL) Ratings Coverage

In total 11 analysts cover Carnival (NYSE:CCL). “Buy” rating has 8, “Sell” are 0, while 3 are “Hold”. (NYSE:CCL) has 73% bullish analysts. 21 are the (NYSE:CCL)’s ratings reports on Jun 27, 2018 according to StockzIntelligence Inc. The company rating was maintained by Stifel Nicolaus on Wednesday, April 11. On Friday, March 23 Deutsche Bank maintained Carnival Corporation (NYSE:CCL) rating. Deutsche Bank has “Hold” rating and $71 target. On Tuesday, June 26 the firm has “Outperform” rating by Wells Fargo given. On Thursday, January 25 Credit Suisse maintained the shares of CCL in report with “Outperform” rating. On Friday, May 25 the rating was maintained by Buckingham Research with “Buy”. The company rating was maintained by Susquehanna on Wednesday, March 21. On Friday, March 23 the firm earned “Neutral” rating by JP Morgan. In Thursday, January 18 report Susquehanna maintained it with “Buy” rating and $80.0 target. On Friday, June 8 the stock has “Buy” rating by Tigress Financial. On Tuesday, June 26 the rating was maintained by Credit Suisse with “Buy”.

The stock increased 2.07% or $1.21 during the last trading session, hitting $59.75.Carnival Corporation has 6.16 million shares volume, 47.92% up from normal. CCL is uptrending and has moved 2.36% since June 27, 2017. CCL underperformed by 10.21% the S&P500.

Carnival Corporation (NYSE:CCL)’s earnings release is anticipated by WallStreet on June, 28, Faxor reports. earnings per share of $0.60 is 15.38 % up from 2017’s $0.52 EPS. If earnings per share of $0.60 is announced the profit of CCL could hit $428.39M giving it 24.90 P/E. 15.38 % EPS growth is what Wall Street’s sees after $0.52 reported EPS previous quarter.

Carnival Corporation operates as a leisure travel and cruise company.The company has $42.66 billion market cap. It offers cruises under the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn brands in North America; and AIDA, Costa, P&O Cruises , Cunard, and P&O Cruises (UK) brands in Europe, Australia, and Asia.The P/E ratio is 16.35. The firm operates approximately 100 cruise ships.

For more Carnival Corporation (NYSE:CCL) news announced briefly go to: Seekingalpha.com, Seekingalpha.com, Seekingalpha.com, Fool.com or Seekingalpha.com. The titles are as follows: “Cruise line stocks lower after Morgan Stanley warning” announced on June 05, 2018, “Carnival Sinks, But I Like It” on June 26, 2018, “Carnival: Selloff Seems A Bit Harsh” with a publish date: June 25, 2018, “What Happened in the Stock Market Today” and the last “Why Carnival Has Cruised Onto My Watch List” with publication date: June 04, 2018.

Carnival Corporation (NYSE:CCL) Institutional Investors Chart

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