The stock of Carnival Corp (NYSE:CCL) is a huge mover today! About 2.32M shares traded hands. Carnival Corp (NYSE:CCL) has risen 1.79% since February 29, 2016 and is uptrending. It has underperformed by 10.42% the S&P500.
The move comes after 6 months positive chart setup for the $36.92 billion company. It was reported on Oct, 3 by Barchart.com. We have $79.74 PT which if reached, will make NYSE:CCL worth $22.89B more.
Carnival Corp (NYSE:CCL) Ratings Coverage
Out of 19 analysts covering Carnival Corporation (NYSE:CCL), 12 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 63% are positive. Carnival Corporation has been the topic of 33 analyst reports since August 6, 2015 according to StockzIntelligence Inc. On Wednesday, September 23 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of Carnival Corp (NYSE:CCL) earned “Underweight” rating by Morgan Stanley on Friday, September 2. The rating was maintained by Credit Suisse with “Outperform” on Wednesday, September 23. The rating was maintained by Morgan Stanley with “Equal-Weight” on Thursday, May 26. The rating was initiated by Wolfe Research with “Peer Perform” on Wednesday, November 18. The stock has “Buy” rating given by Citigroup on Monday, October 5. The stock has “Neutral” rating given by JP Morgan on Thursday, March 31. The company was maintained on Tuesday, March 29 by Goldman Sachs. The stock of Carnival Corp (NYSE:CCL) earned “Buy” rating by Stifel Nicolaus on Monday, December 21. The stock of Carnival Corp (NYSE:CCL) has “Neutral” rating given on Wednesday, June 29 by Goldman Sachs.
According to Zacks Investment Research, “Carnival Corporation & plc is the largest cruise company in the world, with a portfolio of 10 cruise brands in North America, Europe, Australia and Asia, comprised of Carnival Cruise Line, Holland America Line, Princess Cruises, Seabourn, AIDA Cruises, Costa Cruises, Cunard, P&O Cruises (Australia), P&O Cruises (UK) and Fathom.”
Insitutional Activity: The institutional sentiment decreased to 0.95 in 2016 Q2. Its down 0.08, from 1.03 in 2016Q1. The ratio dropped, as 55 funds sold all Carnival Corp shares owned while 199 reduced positions. 53 funds bought stakes while 188 increased positions. They now own 409.94 million shares or 6.26% less from 437.31 million shares in 2016Q1.
The New York-based Tiger Mngmt Ltd Liability has invested 0.1% in Carnival Corp (NYSE:CCL). Arizona State Retirement System owns 150,536 shares or 0.09% of their US portfolio. Sumitomo Mitsui Holding holds 1.34M shares or 0.1% of its portfolio. The New York-based Tower Research Capital (Trc) has invested 0.07% in Carnival Corp (NYSE:CCL). Benjamin F Edwards & last reported 300 shares in the company. Blackrock Mngmt Llc has 0.16% invested in the company for 2.91 million shares. The Massachusetts-based State Street Corporation has invested 0.08% in Carnival Corp (NYSE:CCL). Guardian Life Insurance Of America owns 1,689 shares or 0.01% of their US portfolio. Blackrock Gru Limited holds 0.09% or 3.87 million shares in its portfolio. Washington State Bank holds 1,190 shares or 0.01% of its portfolio. Schooner Investment Gru Limited Com reported 2,500 shares or 0.27% of all its holdings. Spot Trading Lc has invested 0.04% of its portfolio in Carnival Corp (NYSE:CCL). Northcoast Asset Lc reported 868,284 shares or 2.62% of all its holdings. Aberdeen Asset Mngmt Public Limited Com Uk, a United Kingdom-based fund reported 163,152 shares. Primecap Mgmt Ca has 22.14 million shares for 1.04% of their US portfolio.
More recent Carnival Corp (NYSE:CCL) news were published by: Streetinsider.com which released: “Carnival Corp. (CCL), Shell (RDS-A) Ink Deal for Firs LNG-Powered Cruise Ships” on October 03, 2016. Also Investorplace.com published the news titled: “Trade of the Day: Carnival Corp (CCL) Setting Sail” on October 03, 2016. Marketwatch.com‘s news article titled: “Carnival Corp.’s Chinese joint venture orders first cruise ships built in China” with publication date: September 23, 2016 was also an interesting one.
CCL Company Profile
Carnival Corporation, incorporated on November 21, 1974, is a leisure travel company. The Firm is a cruise firm and provides vacations to cruise destinations throughout the world. The Firm aggregates its approximately nine global, regional and national cruise brands into North America, and Europe, Australia & Asia (EAA) divisions. The North America segment includes Carnival Cruise Line, Princess Cruises (Princess), Holland America Line and Seabourn cruise brands. The EAA segment includes Costa Cruises, AIDA Cruises, P&O Cruises (UK), P&O Cruises (Australia) and Cunard cruise brands. The Company’s Cruise Support segment includes its cruise port and related facilities located in Cozumel, Mexico; Grand Turk, Turks and Caicos Islands; Puerto Plata, Dominican Republic, and Roatan, Honduras. The Cruise Support segment also includes other services that are provided for the benefit of all its cruise brands. The Tour and Other segment includes Holland America Princess Alaska Tours, a tour firm in Alaska and the Canadian Yukon, and approximately three cruise ships, the former Costa Celebration, Costa Europa and Grand Holiday, which it owns and charters-out under long-term leases. The Company’s tour firm owns and operates approximately 10 hotels or lodges, over 300 motorcoaches and approximately 20 glass-domed railcars.
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