Rating on Carnival (NYSE:CCL) is Set to Outperform. Its Reconfirms by Wells Fargo with $76 Target.

June 27, 2018 - By Sarah Harris

Carnival Corporation (NYSE:CCL) Corporate Logo

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

Utah Retirement, Utah-based fund reported 75,879 shs. Johnson Fin Group Inc accumulated 0.31% or 39,233 shs. Td Ltd Liability Co reported 233 shs. Mariner Wealth Advsr accumulated 289,654 shs. Private Asset Mgmt Incorporated holds 0.09% or 7,900 shs in its capital. Moreover, Sandy Spring National Bank has 0% invested in Carnival Corporation (NYSE:CCL). Duncker Streett And Communications Inc reported 20,705 shs or 0.34% of all its holdings. Signature Estate And Invest Ltd Liability Company invested in 284,765 shs. Hanson Mcclain holds 0.01% or 1,222 shs in its capital. Moreover, Td Asset has 0.01% invested in Carnival Corporation (NYSE:CCL). Beach Investment Management Ltd Liability Corp holds 17,830 shs or 1.89% of its capital. Covenant Multifamily Offices Limited Com reported 37,442 shs. Creative Planning invested in 0.01% or 22,746 shs. Capwealth Limited Liability Corp reported 183,222 shs. Gateway Investment Advisers Ltd Limited Liability Company reported 0.04% stake.

Carnival Corporation had 21 insider sales and 0 buys since January 2, 2018. This’s net activity of $11.07 million. PEREZ ARNALDO sold $716,649 worth of stock. $267,226 worth of Carnival Corporation (NYSE:CCL) was sold by BAND SIR JONATHON on Tuesday, January 16. Bernstein David also sold $180,934 worth of Carnival Corporation (NYSE:CCL) shs. GLASIER RICHARD sold $288,874 worth of stock. KRUSE STEIN sold 21,602 shs worth $1.49M.

Reiterated Carnival (NYSE:CCL) Rating.

The $76 target price on the $42.66 billion MC company given by Equities researchers at Wells Fargo indicates a potential upside of 27.20 %. The Carnival (NYSE:CCL)‘s stock had its Outperform Rating sent to investors in a note on 26 June.

Carnival Corporation (NYSE:CCL) Ratings Coverage

Total analysts of 11 have positions in Carnival (NYSE:CCL) as follows: 8 rated it a “Buy”, 0 with “Sell” and 3 with “Hold”. The positive are 73%. Since January 9, 2018 according to StockzIntelligence Inc Carnival has 21 analyst reports. On Tuesday, June 26 the stock has “Hold” rating by Deutsche Bank. In Monday, February 12 report Wells Fargo maintained the stock with “Outperform” rating. On Friday, June 15 Credit Suisse maintained the shares of CCL in report with “Buy” rating. On Wednesday, April 11 the firm has “Buy” rating by Stifel Nicolaus given. On Friday, May 25 Stifel Nicolaus maintained Carnival Corporation (NYSE:CCL) rating. Stifel Nicolaus has “Buy” rating and $8100 target. On Friday, June 8 the stock of Carnival Corporation (NYSE:CCL) has “Buy” rating given by Tigress Financial. The company rating was maintained by Credit Suisse on Thursday, January 25. The stock rating was maintained by Susquehanna with “Buy” on Wednesday, March 21. On Tuesday, June 26 the rating was maintained by Stifel Nicolaus with “Buy”. In Tuesday, January 9 report Credit Suisse upgraded the stock to “Outperform” rating.

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

On June, 28 is anticipated Carnival Corporation (NYSE:CCL)’s earnings report, Zacks reports. Analysts expect change of 15.38 % or $0.08 from previous year’s $0.52 earnings per share compared to current’s $0.60 earnings per share. The profit will be $428.39 million for CCL if $0.60 earnings per share becomes true. After $0.52 earnings per share was announced last quarter, analysts now see EPS growth of 15.38 % for Carnival Corporation.

Carnival Corporation operates as a leisure travel and cruise company.The firm is valued at $42.66 billion. 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 released briefly go to: Seekingalpha.com, Seekingalpha.com, Seekingalpha.com, Streetinsider.com or Seekingalpha.com. The titles are as follows: “Why Carnival Has Cruised Onto My Watch List” released on June 04, 2018, “Carnival: Selloff Seems A Bit Harsh” on June 25, 2018, “Carnival Sinks, But I Like It” with a publish date: June 26, 2018, “Carnival Corporation (CCL) PT Lowered to $72 at Barclays” and the last “Cruise line stocks lower after Morgan Stanley warning” with publication date: June 05, 2018.

Carnival Corporation (NYSE:CCL) Institutional Investors Chart

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