The shares of Carnival Corporation (NYSE:CCL) has been pegged with a rating of Neutral by Buckingham Research in its latest research note that was published on April 15th, 2019. The research company has also assigned a $54 price target. Buckingham Research wasn’t the only research firm that published a report of Carnival Corporation, with other equities research analysts also giving their opinion on the stock. Goldman advised investors in its research note published on March 13th, 2019, to Buy the CCL stock while also putting a $65 price target. The stock had earned Outperform rating from Macquarie when it published its report on January 25th, 2019. The stock was given Accumulate rating by Standpoint Research in its report released on December 26th, 2018. Cleveland Research was of a view that CCL is Buy in its latest report on December 17th, 2018. BofA/Merrill thinks that CCL is worth Buy rating. This was contained in the firm’s report on September 26th, 2018 in which the stock’s price target was also moved to $78.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 7 believe it has the potential for further growth, thus rating it as Hold while 9 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $62.78. The price of the stock the last time has raised by 16.52% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 55.48.
The shares of the company added by 1.82% during the trading session on Monday, reaching a low of $52.00 while ending the day at $53.18. During the trading session, a total of 3.07 million shares were traded which represents a 23.33% incline from the average session volume which is 4.00M shares. CCL had ended its last session trading at 52.23. Carnival Corporation currently has a market cap of $35.55B, while its P/E ratio stands at 12.12, while its P/E earnings growth sits at 1.84, with a beta of 1.22. Carnival Corporation debt-to-equity ratio currently stands at 0.48, while its quick ratio hovers at 0.20. CCL 52-week low price stands at $45.64 while its 52-week high price is $67.69.
The company in its last quarterly report recorded $0.49 earnings per share which is above the $0.44 predicted by most analysts. The Carnival Corporation generated $4,673.00 million in revenue during the last quarter, which is slightly higher than the $4,309.63 million predicted by analysts. In the second quarter last year, the firm recorded $0.70 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -42.86%. Carnival Corporation has the potential to record 4.39 EPS for the current fiscal year, according to equities analysts.
Investment analysts at CapitalOne published a research note on December 20th, 2018 where it informed investors and clients that Denbury Resources Inc. (NYSE:DNR) is now rated as Underweight. Goldman also rated DNR as Upgrade on March 13th, 2019, with its price target of $65 suggesting that DNR could surge by 54.71% from its current share price. Even though the stock has been trading at $1.37/share, analysts expect it to surge higher by -8.76% to reach $2.76/share. It started the day trading at $1.41 and traded between $1.25 and $1.25 throughout the trading session.
A look at its technical shows that DNR’s 50-day SMA is 1.98 while its 200-day SMA stands at 2.92. The stock has a high of $6.75 for the year while the low is $1.26. The company’s P/E ratio currently sits at 2.22, while the P/B ratio is 0.50. At the moment, only of Denbury Resources Inc. shares were sold short. The company’s average trading volume currently stands at 13.06M shares, which means that the short-interest ratio is just 5.97 days. Over the past seven days, the company moved, with its shift of -14.97%. Looking further, the stock has dropped -25.60% over the past 90 days while it lost -42.66% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more DNR shares, increasing its portfolio by +7.53% during the last quarter. This move now sees The Vanguard Group Inc purchasing 5,501,310 shares in the last quarter, thus it now holds 78,531,527 shares of DNR, with a total valuation of $175,125,305. BlackRock Fund Advisors meanwhile bought more DNR shares in the recently filed quarter, changing its stake to $139,611,732 worth of shares. SSgA Funds Management Inc followed the path by decreasing its DNR portfolio by -28.50% in the quarter. This means that SSgA Funds Management Inc sold -10,297,009 shares in the last quarter and now controls 25,829,776 shares of the DNR stock, with the valuation hitting $57,600,400.
Similarly, Fidelity Management Research Co decreased its Denbury Resources Inc. shares by -15.08% during the recently filed quarter. After selling -3,333,100 shares in the last quarter, the firm now controls 18,776,610 shares of Denbury Resources Inc. which are valued at $41,871,840. In the same vein, Norges Bank Investment Management decreased its Denbury Resources Inc. shares by during the most recent reported quarter. The firm sold -1 shares during the quarter which decreased its stakes to 7,538,887 shares and is now valued at $16,811,718. Following these latest developments, around 1.40% of Denbury Resources Inc. stocks are owned by institutional investors and hedge funds.