Stock Update: Carnival Corporation (NYSE:CCL) – Carnival Corporation to Host The Nature Conservancy’s Mapping Ocean Wealth Annual Meeting

[PR Newswire] – NYSE: CUK), the world’s largest travel and leisure company, will welcome representatives from leading conservation, science and sustainability organizations Jan. 26-27 to its Miami headquarters for The Nature Conservancy’s Mapping Ocean Wealth annual forum. Carnival Corporation, in partnership with the Carnival Foundation, awarded a $2.5 million gift over five years in 2014 to support The Nature Conservancy’s work on Mapping Ocean Wealth and global marine protection priorities, and hosting this week’s summit at the company’s headquarters underscores its commitment to a healthy and sustainable environment. The Mapping Ocean Wealth initiative is designed to create a new kind of knowledge about how and where ocean benefits are produced – and mapping those areas. Coral reefs and mangroves, for example, provide numerous benefits, including fish production, flood mitigation, erosion control and recreation. The project will be transformational to ocean management and will improve investments in conservation, restoration and economic development by identifying and mapping the areas where these benefits are produced. Read more on this. Carnival Corporation (CCL) , with a current value of $37.70B, opened this morning at $49.63. Shares have traded today between $48.68 and $49.80 per share with a trailing 52-week range being $42.51 to $55.77. CCL shares are currently priced at 14.75x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 17.73x forward p/e ratio. The company pays shareholders $1.20 per share annually in dividends, yielding 2.42%. According to a consensus of 16 analysts, the earnings estimate of $0.32 per share would be $0.12 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $3.36, which would be a $0.66 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.63 Billion. If reported, that would be a 2.83% increase over the year-ago quarter. In terms of ratings, 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 $60.53, which is 21.96% above where the stock opened this morning. See more in (NYSE:CCL) Similar Articles: Stock Update: Carnival Corporation (NYSE:CCL) – Carnival Corporation & plc Declares Dividend Stock Update (NYSE:CCL): Carnival Foundation’s $2.5 Million Donation Helping The Nature Conservancy Make Major Strides in Preserving Health of World’s Oceans and Seas Stock Update: Carnival Corporation (NYSE:CCL) – Costa Cruises to Build Two Next-Generation Cruise Ships as part of Carnival Corporation’s Multi-Billion Dollar Contract with Meyer Werft