Carnival Corporation Common Sto (NYSE:CCL).
On September 9 analysts at Bernstein began coverage of CCL by announcing an initial rating of “Outperform” and setting a price target of $51.00. On September 2 the company was downgraded from “Equal-weight” to “Underweight” and a price target of $48.00 was set in a statement from Morgan Stanley.
Morgan Stanley both downgraded the stock and lowered the price target on September 2 cutting the price target from $54.00 to $48.00 and moving the rating from “Equal-weight” to “Underweight”. On June 7, 2016 Sterne Agee CRT starting coverage on CCL with a rating of “Buy” and a price target of $60.00.
On May 31 the stock rating was upgraded to “Buy” from “Neutral” in a report issued by Tigress Financial.
In the market the company is trading up since yesterday’s close of $48.35. The company declared a dividend for shareholders paid on Friday September 16th, 2016. The dividend was $0.350 per share for the quarter which is $1.40 annualized. This dividend amount represented a yeild of $3.01. The ex-dividend date was set for Wednesday the 24th of August 2016.
Company chares are trading at $48.78 which is marginally higher than $46.57, the 50 day moving average and marginally over the 200 day moving average of $47.80. The 50 day moving average was up $2.21 or +4.74% and the 200 day average moved up $0.98.
The company currently has a P/E ratio of 16.81 and market capitalization is 36.34B. As of the last earnings report the EPS was $2.90 and is expected to be $8.18 for the current year with 745,000,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $1.97 and the next full year EPS is projected to be $8.99.