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Stock Update: Carnival Corporation (NYSE:CCL) – Carnival Cruise Line Receives Inaugural Program Innovator Award And 2016 Green Gateway Partners Award From Port of Seattle

[PR Newswire] – MIAMI, April 15, 2016 /PRNewswire/ — Carnival Cruise Line is the first recipient of Port of Seattle’s inaugural Program Innovator Award and also received the port’s Green Gateway Partners Award, honoring … Read more on this. Carnival Corporation (CCL) , currently valued at $57.96B, started trading this morning at $51.53. During the trading session, CCL traded between $50.92 to $51.74 with the price of the stock fluctuating between $40.52 to $55.77 over the last 52 weeks. Priced at 15.17x this year’s forecasted earnings, CCL shares are relatively inexpensive compared to the industry’s 26.59x forward p/e ratio. And for dividend hunters, the company pays shareholders $1.20 per share annually in dividends, yielding 2.34%. In a review of the consensus earnings estimate this quarter, 16 sell-side analysts are looking at $0.38 per share, which would be $0.13 better than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $3.40 is a $0.70 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.68 Billion. If realized, that would be a 2.51% increase over the year-ago quarter. In terms of ratings, HSBC Securities Initiated CCL at Buy (Nov 25, 2015). Previously, Nomura upgraded CCL from Neutral to Buy. When considering if the stock is under or overvalued, the average price target is $60.61, which is 17.62% above where the stock opened this morning. See more in (NYSE:CCL) Similar Articles: Market Update (NYSE:CCL): Carnival Cruise Line Partners with Concrete Beach Brewery to Create a Craft Brewery on the New Carnival Vista Stock Update: Carnival Corporation (NYSE:CCL) – Got the Winter Blues? Take a Carnival Corporation Virtual Cruise Stock Update (NYSE:CCL): Carnival Cruise Line And The New Orleans Saints Challenge Area Schools With Holiday Food & Fund Drive To Benefit Second Harvest Food Bank
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