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Deutsche Bank disclosed Carnival Corporation (NYSE:CCL), bumping up its stock price target to $48.00 earlier today

Deutsche Bank raised the target price of Carnival Corporation (NYSE:CCL) to $48.00 indicating a possible downside of -0.02%.

Previously on 9/27/2016, Buckingham Research reported about Carnival Corporation (NYSE:CCL) raised the target price from $53.00 to $55.00. At the time, this indicated a possible upside of 0.14%.

Yesterday Carnival Corporation (NYSE:CCL) traded 1.16% higher at $48.78. The company’s 50-day moving average is $46.74 and its 200-day moving average is $47.81. The last stock close price is up 2.12% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 4,481,452 shares of the stock were exchanged, down from an average trading volume of 4,825,030

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Carnival Corporation (NYSE:CCL)

Carnival Corporation has a 52 week low of $40.52 and a 52 week high of $55.77 with a P/E ratio of 15.18 The company’s market cap is currently $0.

In addition to Deutsche Bank reporting its target price, a total of 16 firms have reported on the stock. The consensus target price is $60.06 with 5 firms rating the stock a strong buy, 8 firms rating the stock a buy, 10 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Carnival Corporation (NYSE:CCL)

Carnival Corporation is a leisure travel company. The Company is a cruise company and provides vacations to cruise destinations throughout the world. The Company aggregates its approximately nine global, regional and national cruise brands into North America, and Europe, Australia & Asia (EAA) segments. The North America segment includes Carnival Cruise Line, Princess Cruises (Princess), Holland America Line and Seabourn cruise brands. The EAA segment includes Costa Cruises, AIDA Cruises, P&O Cruises (UK), P&O Cruises (Australia) and Cunard cruise brands. The Company's Cruise Support segment includes its cruise port and related facilities located in Cozumel, Mexico; Grand Turk, Turks and Caicos Islands; Puerto Plata, Dominican Republic, and Roatan, Honduras. The Tour and Other segment includes Holland America Princess Alaska Tours, a tour company in Alaska and the Canadian Yukon, and approximately three cruise ships.

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