Morgan Stanley Sticks to Their Hold Rating for Carnival Corp (CCL)

In a report released today, Jamie Rollo from Morgan Stanley maintained a Hold rating on Carnival Corp (CCLResearch Report), with a price target of $42.00. The company’s shares closed last Monday at $43.70, close to its 52-week low of $42.42.

According to TipRanks.com, Rollo is ranked #4097 out of 5544 analysts.

Carnival Corp has an analyst consensus of Hold, with a price target consensus of $47.80, a 10.9% upside from current levels. In a report issued on September 18, Nomura also reiterated a Hold rating on the stock with a $52.00 price target.

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Carnival Corp’s market cap is currently $31.32B and has a P/E ratio of 9.93. The company has a Price to Book ratio of 1.19.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CCL in relation to earlier this year.

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Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America; Europe, Australia, and Asia (EEA); Cruise Support; and Tour and Other. The North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.