In a report released today, James Hardiman from Wedbush maintained a Hold rating on Carnival Corp (CCL), with a price target of $43.00. The company’s shares closed last Monday at $43.95, close to its 52-week low of $42.42.
According to TipRanks.com, Hardiman is a 3-star analyst with an average return of 2.8% and a 51.4% success rate. Hardiman covers the Services sector, focusing on stocks such as Norwegian Cruise Line, Booking Holdings Inc, and Cedar Fair.
The word on The Street in general, suggests a Hold analyst consensus rating for Carnival Corp with a $48.50 average price target, which is a 10.4% upside from current levels. In a report issued on September 18, Nomura also reiterated a Hold rating on the stock with a $52.00 price target.
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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.