Carnival (NYSE:CCL) Rating Reaffirmed
Stifel now has a $64.0 TP on the $41.25B market cap company or 22.11% upside potential. In a comprehensive report disseminated on 21 December, Carnival (NYSE:CCL) shares have had their “Buy” Rating reiterated by research analysts at Stifel.
From a total of 19 analysts covering Carnival Corporation (NYSE:CCL) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $68 while the lowest target price is $45. The mean of all analyst targets is $57.44 with a 9.92% above today’s ($52.44) stock price. Carnival Corporation was the topic of 18 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. HSBC initiated shares on November 25 with “Buy” rating. Stifel Nicolaus maintained shares with “Buy” rating and $61 target share price in a report from a September 23. Buckingham Research maintained CCL stock in a recent report from November 4 with “Buy” rating. Nomura upgraded the rating on September 23. Nomura has a “Buy” rating and a $62 price target on shares. Finally, Barclays Capital maintained the stock with “Equal Weight” rating in a report issued on a September 24.
The stock increased 3.90% or $1.97 during the last trading session, striking $52.44. Approximately 12,002 shares of stock traded hands. Carnival Corp (NYSE:CCL) has risen 9.39% since May 18, 2015 and is uptrending. It has outperformed by 15.20% the S&P500.
The overall sentiment of institutions has increased to 1.65 in Q2 2015. Its up 0.46, from 1.19 in 2015Q2. The ratio improved, as 37 institutions have sold all the shares of Carnival Corp that they owned while 155 funds have taken shares off the table. 84 funds have purchased shares for the first time while 233 added to their positions. These institutions now hold 465.12 million shares or 1.39% more than the 458.75 million shares they owned in 2015Q2.
The Fund Trinity Street Asset Management Llp currently is holding shares equating to 13.32% of its total portfolio in Carnival Corp representing a total of 981,746 shares. Another fund,Suntrust Banks Inc, is holding a total of 38.55 million shares equating to 12.94% of their holdings. Additionally, Black Creek Investment Management Inc. has a 1.75 million share stake in Carnival Corp which represents 11.42% of their total portfolio. The Fund, Edinburgh Partners Ltd, based out of United Kingdom, has also built up a stake in the stock, which represents a total of 10.61% of their total portfolio. Finally Oceanic Investment Management Ltd, a fund which is based in the state of Isle Of Man reported a total holdings of 550,000 shares.
Insider activity is a very important aspect to track on any stock. Going back to May 11, 2015, shareholders of Carnival Corp have witnessed 0 buys, and a total of 2 insider sales equating to a net activity of approximately $770,167 . Donald Arnold W sold 5,000 shares worth approximately $249,741. Glasier Richard sold 10,000 shares worth approximately $520,426.
Carnival Corporation is a cruise vacation company. The company has a market cap of $41.25 billion. The Firm has three cruise divisions that consist of North America cruise brands, Europe, Australia & Asia cruise brands, and Cruise Support. It has 29.58 P/E ratio. In addition, it also has a Tour and Other segment.
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.”