Brokerage Firm Rating Update on Carnival Corporation (CCL)

Carnival Corporation (CCL) has an average broker rating of 2.03, which is interpreted as a Buy, as rated by 9 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Carnival Corporation (CCL) : The consensus price target for Carnival Corporation (CCL) is $54.57 for the short term with a standard deviation of $3.74. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $60, however, the pessimist price target for the company is $48.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Morgan Stanley downgrades the rating on Carnival Corporation (NYSE:CCL). The brokerage firm has issued a Underweight rating on the shares. The shares were previously rated Equal-weight. The Analysts at the ratings agency lowers the price target from $54 per share to $48 per share. The rating by the firm was issued on September 2, 2016.

Carnival Corporation (NYSE:CCL): stock was range-bound between the intraday low of $45.22 and the intraday high of $45.85 after having opened at $45.6 on Wednesdays session. The stock finally closed in the red at $45.6, a loss of -1.24%. The stock remained in the red for the whole trading day. The total traded volume was 5,082,978 shares. The stock failed to cross $45.85 in Wednesdays trading. The stocks closing price on Thursday was $45.87.

Carnival Corporation is a cruise vacation company. The Company has three cruise segments that consist of North America cruise brands, Europe, Australia & Asia (EAA) cruise brands, and Cruise Support. In addition, it also has a Tour and Other segment. The Company offers its services under nine cruise brands. Its North America segment cruise brands include Carnival Cruise Lines, Holland America Line, Princess Cruises (Princess) and Seabourn. Its EAA segment cruise brands include AIDA Cruises (AIDA), Costa Cruises (Costa), Cunard, P&O Cruises (Australia) and P&O Cruises (United Kingdom). Its Cruise Support segment includes its cruise port and related facilities located in Cozumel, Mexico; Grand Turk, Turks and Caicos Islands, Roatan, Honduras and Puerto Plata, Dominican Republic. In addition to its cruise operations, it owns Holland America Princess Alaska Tours, a tour company in Alaska and the Canadian Yukon.

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