Stifel Reiterates Buy Following Carnival Corp's (CCL) Strong 3Q
Get Alerts CCL Hot Sheet
Rating Summary:
22 Buy, 9 Hold, 3 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Join SI Premium – FREE
Stifel reiterated a Buy rating and $60.00 price target on Carnival Corporation (NYSE: CCL) following the company's 3Q. CCL delivered the strongest quarterly earnings in the company’s history, with the results exceeding guidance and consensus. Adjusted EPS was reported at $1.92, ahead of the $1.88 consensus. Management’s guidance called for EPS of $1.83 to $1.87.
Analyst Steven Wieczynski commented, "At this point, we don’t know what there is left to say. Not only did CCL deliver the strongest quarterly earnings in the company’s history, with the results exceeding guidance and consensus, the company raised its full-year EPS outlook and spoke positively about its order book through F1H17. In response to the highlighted accomplishments, the market treated CCL shares to another selloff, with shares trading off by as much as 3% at their intraday lows. We get it, this is not a story absent a bear case, particularly as concerns over the potential for a global consumer-led macro slowdown continue to mount; however, we think it is time investors give CCL shares the credit they are due."
For an analyst ratings summary and ratings history on Carnival Corporation click here. For more ratings news on Carnival Corporation click here.
Shares of Carnival Corporation closed at $46.47 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Citi Upgrades United Microelectronics Corp (2303:TT) (UMC) to Buy 'with limited downside'
- Boston Scientific (BSX) PT Raised to $83 at Stifel
- Lockheed Martin (LMT) PT Raised to $487 at Deutsche Bank
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
Stifel, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!