Company Update (NYSE:CCL): Arrival Of Port Canaveral’s Newest Cruise Ship, Carnival Magic, Celebrated Today, Along With Official Grand Opening Of The Ship’s New Guy Fieri-Designed BBQ Restaurant

[PR Newswire] – MIAMI, April 20, 2016 /PRNewswire/ — Carnival Cruise Line and the Canaveral Port Authority hosted a special event earlier today to celebrate the arrival of the Space Coast’s newest ship, the 130,000-ton … Read more on this. Carnival Corporation (CCL) , currently valued at $56.85B, started the session at $50.61. During the trading session, CCL traded between $49.91 to $50.75 with its 52-week range being $40.52 to $55.77. CCL shares are currently priced at 14.88x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.87x earnings multiple. And for passive income investors, the company pays shareholders $1.20 per share annually in dividends, yielding 2.35%. In a review of the consensus earnings estimate this quarter, 16 sell-side analysts are looking at $0.38 per share, which would be $0.13 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $3.40 which would be a $0.70 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.68 Billion. If reported, that would be a 2.51% increase over the year-ago quarter. Recently, HSBC Securities Initiated CCL at Buy (Nov 25, 2015). Previously, Nomura upgraded CCL from Neutral to Buy. Given all the information above, we should disclose to readers that the average price target is $60.61, which is 19.76% above than it opened this morning. See more in (NYSE:CCL) Similar Articles: Stock Update: Carnival Corporation (NYSE:CCL) – Carnival Cruise Line Receives Inaugural Program Innovator Award And 2016 Green Gateway Partners Award From Port of Seattle Company Update (NYSE:CCL): Carnival Magic To Feature New Guy Fieri-Designed Open-Air Barbecue Eatery Offering Traditional Smokehouse Favorites Company Update (NYSE:CCL): Carnival Corporation to Build Four Cruise Ships as Part of Memo of Agreement with Fincantieri S.p.A.