Somewhat Favorable News Coverage Likely to Affect Carnival Corporation (NYSE:CCL) Stock Price

News stories about Carnival Corporation (NYSE:CCL) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Carnival Corporation earned a daily sentiment score of 0.23 on Accern’s scale. Accern also gave media headlines about the company an impact score of 79 out of 100, indicating that recent media coverage is likely to have an impact on the company’s share price in the immediate future.

These are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:

Shares of Carnival Corporation (NYSE:CCL) traded up 0.02% during mid-day trading on Monday, reaching $65.84. The company had a trading volume of 793,577 shares. Carnival Corporation has a 52-week low of $44.11 and a 52-week high of $67.30. The firm’s 50-day moving average price is $63.89 and its 200 day moving average price is $58.40. The company has a market cap of $47.67 billion, a price-to-earnings ratio of 17.41 and a beta of 0.75.

Carnival Corporation (NYSE:CCL) last posted its earnings results on Thursday, June 22nd. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.47 by $0.05. The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.89 billion. Carnival Corporation had a return on equity of 11.26% and a net margin of 16.48%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the company earned $0.49 earnings per share. Equities analysts expect that Carnival Corporation will post $3.74 EPS for the current year.

A number of research analysts have issued reports on the company. KeyCorp cut Carnival Corporation to an “overweight” rating in a report on Thursday. Stifel Nicolaus reissued a “buy” rating and set a $68.00 price objective on shares of Carnival Corporation in a report on Friday, June 16th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $57.00 price objective (up from $55.00) on shares of Carnival Corporation in a report on Tuesday, June 20th. Instinet lifted their price objective on Carnival Corporation from $72.00 to $75.00 and gave the company a “buy” rating in a report on Friday, June 23rd. Finally, Barclays PLC lifted their price objective on Carnival Corporation from $56.00 to $63.00 and gave the company an “equal weight” rating in a report on Wednesday, March 29th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $60.08.

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In other Carnival Corporation news, Director Sir John Parker sold 19,965 shares of the stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $60.98, for a total value of $1,217,465.70. Following the completion of the transaction, the director now directly owns 22,798 shares in the company, valued at $1,390,222.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Glasier sold 6,000 shares of the stock in a transaction dated Thursday, April 13th. The shares were sold at an average price of $58.29, for a total value of $349,740.00. Following the completion of the transaction, the director now owns 26,684 shares of the company’s stock, valued at $1,555,410.36. The disclosure for this sale can be found here. 23.80% of the stock is currently owned by company insiders.

About Carnival Corporation

Carnival Corporation is a leisure travel company. The Company is a cruise company of global cruise guests, and a provider of vacations to all cruise destinations throughout the world. The Company operates in four segments: North America, EAA, Cruise Support and, Tour and Other. The Company’s North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises (Princess) and Seabourn.

Insider Buying and Selling by Quarter for Carnival Corporation (NYSE:CCL)

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