Credit Suisse Gives Carnival Corporation CCL (NYSE:CCL) a Lower Rating. Drops its “Outperform” Rating

September 17, 2017 - By Dolores Ford

 Credit Suisse Gives Carnival Corporation CCL (NYSE:CCL) a Lower Rating. Drops its

Investors sentiment increased to 1.12 in Q4 2016. Its up 0.22, from 0.9 in 2016Q3. It improved, as 45 investors sold Carnival Corp shares while 198 reduced holdings. 87 funds opened positions while 185 raised stakes. 421.71 million shares or 0.50% more from 419.60 million shares in 2016Q3 were reported.

State Of New Jersey Common Pension Fund D invested 0.21% of its portfolio in Carnival Corp (NYSE:CCL). Td Asset Mngmt holds 216,557 shares or 0.02% of its portfolio. Davis R M Inc holds 48,145 shares. 6,300 were reported by Old Mutual Customised Solutions (Proprietary) Limited. Riverpoint Cap Mgmt Ltd Liability Corporation owns 242,379 shares or 0.98% of their US portfolio. Natixis stated it has 17,224 shares or 0.01% of all its holdings. Daiwa Sb Investments Limited invested 2.29% in Carnival Corp (NYSE:CCL). Moreover, Schroder Inv Management Group has 0.18% invested in Carnival Corp (NYSE:CCL). Ameriprise holds 0.04% or 1.48M shares in its portfolio. Cooke & Bieler Lp reported 1.37M shares. Oarsman reported 24,565 shares. Allianz Asset Management Ag owns 379,269 shares. 99 were reported by Hudock Group Inc Lc. Tortoise Investment Limited Liability Com invested in 413 shares. Capstone Investment Advisors Ltd holds 14,500 shares or 0.02% of its portfolio.

Since April 28, 2017, it had 0 buys, and 1 sale for $1.22 million activity. PARKER SIR JOHN sold $1.22 million worth of Carnival Corp (NYSE:CCL) on Friday, April 28.

Carnival Corporation CCL (NYSE:CCL) Receives a Downgrade

In analysts note revealed today, Credit Suisse downgraded shares of Carnival Corporation CCL (NYSE:CCL) to a “Neutral” rating from the previous “Outperform” rating.

Investors sentiment increased to 1.12 in Q4 2016. Its up 0.22, from 0.9 in 2016Q3. It improved, as 45 investors sold Carnival Corp shares while 198 reduced holdings. 87 funds opened positions while 185 raised stakes. 421.71 million shares or 0.50% more from 419.60 million shares in 2016Q3 were reported.

State Of New Jersey Common Pension Fund D invested 0.21% of its portfolio in Carnival Corp (NYSE:CCL). Td Asset Mngmt holds 216,557 shares or 0.02% of its portfolio. Davis R M Inc holds 48,145 shares. 6,300 were reported by Old Mutual Customised Solutions (Proprietary) Limited. Riverpoint Cap Mgmt Ltd Liability Corporation owns 242,379 shares or 0.98% of their US portfolio. Natixis stated it has 17,224 shares or 0.01% of all its holdings. Daiwa Sb Investments Limited invested 2.29% in Carnival Corp (NYSE:CCL). Moreover, Schroder Inv Management Group has 0.18% invested in Carnival Corp (NYSE:CCL). Ameriprise holds 0.04% or 1.48M shares in its portfolio. Cooke & Bieler Lp reported 1.37M shares. Oarsman reported 24,565 shares. Allianz Asset Management Ag owns 379,269 shares. 99 were reported by Hudock Group Inc Lc. Tortoise Investment Limited Liability Com invested in 413 shares. Capstone Investment Advisors Ltd holds 14,500 shares or 0.02% of its portfolio.

Since April 28, 2017, it had 0 buys, and 1 sale for $1.22 million activity. PARKER SIR JOHN sold $1.22 million worth of Carnival Corp (NYSE:CCL) on Friday, April 28.

Carnival Corp (NYSE:CCL) Ratings Coverage

Among 26 analysts covering Carnival Corporation (NYSE:CCL), 16 have Buy rating, 1 Sell and 9 Hold. Therefore 62% are positive. Carnival Corporation has $76.0 highest and $48 lowest target. $61.15’s average target is -7.26% below currents $65.94 stock price. Carnival Corporation had 54 analyst reports since August 6, 2015 according to SRatingsIntel. On Wednesday, November 4 the stock rating was maintained by Buckingham Research with “Buy”. Stifel Nicolaus maintained Carnival Corp (NYSE:CCL) rating on Thursday, August 10. Stifel Nicolaus has “Buy” rating and $7400 target. The stock has “Buy” rating by Nomura on Wednesday, September 23. The firm has “Buy” rating by SunTrust given on Thursday, March 31. The company was maintained on Wednesday, September 23 by Numis Securities. The rating was upgraded by Bernstein to “Outperform” on Wednesday, November 23. The stock has “Outperform” rating by William Blair on Tuesday, March 21. The rating was maintained by Stifel Nicolaus on Monday, December 21 with “Buy”. Stifel Nicolaus maintained Carnival Corp (NYSE:CCL) on Wednesday, September 23 with “Buy” rating. Deutsche Bank maintained Carnival Corp (NYSE:CCL) on Monday, January 4 with “Buy” rating.

The stock decreased 4.07% or $2.8 on September 15, reaching $65.94. About 10.39M shares traded or 211.08% up from the average. Carnival Corp (NYSE:CCL) has risen 24.12% since September 17, 2016 and is uptrending. It has outperformed by 7.42% the S&P500.

Investors wait Carnival Corp (NYSE:CCL) to report on September, 25. its quarterly earnings Wall Street analysts expect $2.20 EPS, up $0.28 or 14.58 % from last year’s $1.92 same quarter earnings. This translates into $1.58 billion profit for CCL giving the stock a 7.49 P/E. This is assuming the current $2.20 EPS is accurate. Carnival Corp’s Wall Street analysts see 323.08 % EPS growth, taking into account the $0.52 EPS reproted in the previous quarter,

Carnival Corporation is a leisure travel company. The company has market cap of $47.39 billion. The Firm is a cruise firm of global cruise guests, and a well-known provider of vacations to all cruise destinations throughout the world. It has a 17.5 P/E ratio. The Firm operates in four divisions: North America, EAA, Cruise Support and, Tour and Other.

More recent Carnival Corp (NYSE:CCL) news were published by: Benzinga.com which released: “Choppy Waters Ahead For Carnival Corp?” on September 15, 2017. Also Prnewswire.com published the news titled: “Carnival Corporation & plc Announces Exchange Rate For Quarterly Dividend” on September 05, 2017. Benzinga.com‘s news article titled: “Jim Cramer Shares His Thoughts On United Technologies And Carnival Corp” with publication date: September 12, 2017 was also an interesting one.

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