Media headlines about Carnival (NYSE:CCL) have been trending very negative this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by monitoring more than 6,000 blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Carnival earned a coverage optimism score of -3.20 on their scale. InfoTrie also assigned news articles about the company an news buzz score of 0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have effected Carnival’s ranking:
CCL stock traded up $1.58 during trading on Friday, reaching $16.16. 61,770,000 shares of the stock were exchanged, compared to its average volume of 40,310,476. The firm’s 50 day moving average is $17.36 and its 200 day moving average is $26.62. Carnival has a twelve month low of $7.80 and a twelve month high of $51.94. The company has a current ratio of 0.27, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The firm has a market cap of $8.53 billion, a P/E ratio of -4.02 and a beta of 1.96.
Carnival (NYSE:CCL) last issued its quarterly earnings data on Friday, July 10th. The company reported ($3.30) EPS for the quarter, missing the consensus estimate of ($1.79) by ($1.51). The company had revenue of $740.00 million during the quarter, compared to analysts’ expectations of $401.40 million. Carnival had a positive return on equity of 0.06% and a negative net margin of 17.57%. The business’s revenue for the quarter was down 84.7% compared to the same quarter last year. During the same period last year, the company earned $0.66 earnings per share. As a group, analysts predict that Carnival will post -6.17 earnings per share for the current fiscal year.
CCL has been the topic of a number of research reports. HSBC upgraded Carnival from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $45.30 to $15.90 in a research report on Monday, May 11th. Redburn Partners lowered Carnival from a “buy” rating to a “neutral” rating in a research report on Monday, June 22nd. Wells Fargo & Co upped their price target on Carnival from $5.00 to $12.00 and gave the company an “underweight” rating in a research report on Thursday. Barclays reduced their price target on Carnival from $53.00 to $18.00 in a research report on Friday, June 19th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $30.00 price target on shares of Carnival in a research report on Thursday, June 18th. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $21.80.
Carnival Company Profile
Carnival Corporation operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.
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