Citigroup Cuts Estimates on Carnival Corporation (CCL)

Citigroup Cuts Estimates on Carnival Corporation (CCL)


On Wednesday analysts at Citigroup reported that estimates were lowered through 2014 on cruise operator Carnival Corporation (CCL) as the company offered conservative guidance.

Citigroup maintains a “Buy” rating for CCL and see shares reaching $44. That price target is an +18.7% upside to Monday’s closing price of $37.08.

Carnival shares were up 72 cents, or +1.94%, in premarket trading on Wednesday. The stock is up +13.6% year-to-date.

The Bottom Line
Shares of Carnival Corp (CCL) have a 2.70% dividend yield, based on Monday’s closing stock price of $37.08. The stock has technical support in the $33-$35 price area. If the shares can firm up, we see overhead resistance around the $39-$40 price levels.

Carnival Corporation (CCL) is not recommended at this time, holding a DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today