Carnival Corp (CCL) Got Some Bad News
Berenberg Bank analyst Stuart Gordon downgraded Carnival Corp (CCL) to Sell yesterday and set a price target of $38.00. The company’s shares closed last Monday at $43.95, close to its 52-week low of $42.42.
According to TipRanks.com, Gordon is ranked #1080 out of 5544 analysts.
Carnival Corp has an analyst consensus of Hold, with a price target consensus of $51.75.
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Based on Carnival Corp’s latest earnings release for the quarter ending August 31, the company reported a quarterly revenue of $6.53 billion and net profit of $1.78 billion. In comparison, last year the company earned revenue of $5.84 billion and had a net profit of $1.71 billion.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CCL in relation to earlier this year.
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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.