2. As of noon trading, Carnival Corporation ( CCL) is down $0.39 (-1.1%) to $34.73 on light volume Thus far, 1.4 million shares of Carnival Corporation exchanged hands as compared to its average daily volume of 5.3 million shares. The stock has ranged in price between $34.65-$34.93 after having opened the day at $34.82 as compared to the previous trading day's close of $35.12.

Carnival Corporation operates as a cruise and vacation company worldwide. The company operates in two segments, North America; and Europe, Australia, and Asia. Carnival Corporation has a market cap of $20.9 billion and is part of the leisure industry. The company has a P/E ratio of 18.5, above the S&P 500 P/E ratio of 17.7. Shares are down 4.2% year to date as of the close of trading on Friday.

TheStreet Ratings rates Carnival Corporation as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins. Get the full Carnival Corporation Ratings Report now.

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