Today, a Director at Carnival Corp (CCL), Randall Weisenburger, bought shares of CCL for $930K.
Following Randall Weisenburger’s last CCL Buy transaction on May 29, 2013, the stock climbed by 18.1%. Following this transaction Randall Weisenburger’s holding in the company was increased by 19.43% to a total of $5.68 million.
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Based on Carnival Corp’s latest earnings report for the quarter ending May 31, the company posted quarterly revenue of $4.84 billion and quarterly net profit of $451 million. In comparison, last year the company earned revenue of $4.36 billion and had a net profit of $561 million. CCL’s market cap is $31.86B and the company has a P/E ratio of 10.86. Currently, Carnival Corp has an average volume of 776.3K.
Based on 14 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $54.70, reflecting a 17.2% upside. Five different firms, including Citigroup and Nomura, currently also have a Buy rating on the stock.
The insider sentiment on Carnival Corp has been positive according to 35 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Carnival Corp. engages in the operation of cruise ships. It operates through the following business 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.
