Stock Update: Carnival Corporation (NYSE:CCL) – Carnival Corporation to Sail to Cuba with All Travelers, Including Cuban-Born Passengers

[PR Newswire] – NYSE: CUK), the world’s largest leisure travel company, today announced it will sail as planned from the U.S. to Cuba with all travelers, including Cuba-born passengers, for the company’s week-long voyages to Cuba. Carnival Corporation worked closely with Cuba to allow its cruise ships to operate in a similar manner as current air charter operations to Cuba, starting with its historic inaugural voyage on May 1, 2016. Last week, in anticipation of this positive outcome, Carnival Corporation announced its new Fathom brand was accepting bookings to Cuba from all travelers, including individuals born in Cuba. Read more on this. Carnival Corporation (CCL) , with a current market cap of $64.96B, opened this morning at $49.10. A quick look at the market, the company’s stock traded between $48.96 and $50.00 with its 52-week range being $40.52 to $55.77. CCL shares are currently priced at 14.46x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.77x earnings multiple for the same period. And for income investors, the company pays shareholders $1.40 per share annually in dividends, yielding 2.77%. According to a consensus of 16 analysts, the earnings estimate of $0.38 per share would be $0.13 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $3.40, which would be a $0.70 better than last year. 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. Recently, HSBC Securities Initiated CCL at Buy (Nov 25, 2015). Previously, Nomura upgraded CCL from Neutral to Buy. The average price target for CCL shares is $60.61, which is 23.44% above where the stock opened this morning. See more in (NYSE:CCL) Similar Articles: Market Update: Carnival Corporation (NYSE:CCL) – Carnival Corp may delay start of Cuba cruises Stock Update (NYSE:CCL): Carnival Corporation’s Fathom Granted Approval by Cuba to Cruise from U.S. to Cuba Stock Update: Carnival Corporation (NYSE:CCL) – Got the Winter Blues? Take a Carnival Corporation Virtual Cruise