Tigress Financial Thinks Carnival Corp’s Stock is Going to Recover


Tigress Financial analyst Ivan Feinseth reiterated a Buy rating on Carnival Corp (NYSE: CCL) today. The company’s shares opened today at $61.03, close to its 52-week low of $60.30.

According to TipRanks.com, Feinseth is a 5-star analyst with an average return of 19.0% and a 71.5% success rate. Feinseth covers the Services sector, focusing on stocks such as Norwegian Cruise Line, Southwest Airlines, and Starbucks Corp.

Currently, the analyst consensus on Carnival Corp is Moderate Buy and the average price target is $79, representing a 29.4% upside.

In a report issued on May 25, Stifel Nicolaus also reiterated a Buy rating on the stock with a $81 price target.

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The company has a one-year high of $72.70 and a one-year low of $60.30. Currently, Carnival Corp has an average volume of 3.79M.

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Carnival Corp. engages in the operation of cruise ships. It operates through the following segments: North America; Europe, Australia, and Asia (EEA); Cruise Support; and Tour and Other. The North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.

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