Carnival (CUK) Given Neutral Rating at Bank of America

Carnival (NYSE:CUK)‘s stock had its “neutral” rating restated by analysts at Bank of America in a research note issued on Monday, Marketbeat Ratings reports.

Shares of Carnival stock opened at $56.04 on Monday. The stock has a market cap of $11.58 billion, a PE ratio of 13.15 and a beta of 1.22. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.24 and a quick ratio of 0.19. Carnival has a 52-week low of $45.17 and a 52-week high of $70.28.

Carnival (NYSE:CUK) last announced its quarterly earnings results on Thursday, December 20th. The company reported $0.70 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.70. The business had revenue of $4.46 billion during the quarter. Carnival had a return on equity of 12.45% and a net margin of 16.70%. Equities analysts expect that Carnival will post 4.65 earnings per share for the current fiscal year.

In related news, CEO Arnold W. Donald bought 21,595 shares of Carnival stock in a transaction that occurred on Wednesday, December 26th. The stock was purchased at an average cost of $46.43 per share, for a total transaction of $1,002,655.85. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Arnaldo Perez sold 2,290 shares of the business’s stock in a transaction that occurred on Friday, January 11th. The stock was sold at an average price of $52.27, for a total value of $119,698.30. The disclosure for this sale can be found here. 0.03% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of CUK. Eagle Asset Management Inc. lifted its holdings in Carnival by 9,279.7% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,257,257 shares of the company’s stock worth $526,850,000 after purchasing an additional 1,243,853 shares during the last quarter. Northern Trust Corp lifted its holdings in Carnival by 62.2% in the 2nd quarter. Northern Trust Corp now owns 423,848 shares of the company’s stock worth $24,435,000 after purchasing an additional 162,583 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Carnival by 18,569.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 78,227 shares of the company’s stock worth $4,935,000 after purchasing an additional 77,808 shares during the last quarter. Aperio Group LLC lifted its holdings in Carnival by 3.4% in the 3rd quarter. Aperio Group LLC now owns 1,327,449 shares of the company’s stock worth $83,735,000 after purchasing an additional 44,012 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in Carnival in the 4th quarter worth approximately $2,000,000. Hedge funds and other institutional investors own 5.22% of the company’s stock.

Carnival Company Profile

Carnival plc 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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