Carnival Corporation (CCL): Today's Featured Leisure Laggard

Carnival Corporation ( CCL) pushed the Leisure industry lower today making it today's featured Leisure laggard. The industry as a whole closed the day up 1.1%. By the end of trading, Carnival Corporation fell $0.49 (-1.4%) to $34.29 on average volume. Throughout the day, 4,942,222 shares of Carnival Corporation exchanged hands as compared to its average daily volume of 5,034,100 shares. The stock ranged in price between $34.29-$34.77 after having opened the day at $34.49 as compared to the previous trading day's close of $34.78. Other companies within the Leisure industry that declined today were: PokerTek ( PTEK), down 8.3%, Nevada Gold & Casinos ( UWN), down 3.6%, Lakes Entertainment ( LACO), down 3.4% and Chanticleer Holdings ( HOTR), down 2.7%.

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 $20.7 billion and is part of the services sector. The company has a P/E ratio of 21.4, above the S&P 500 P/E ratio of 17.7. Shares are down 5.4% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Carnival Corporation a buy, no analysts rate it a sell, and 12 rate it a hold.

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, poor profit margins and a generally disappointing performance in the stock itself.

On the positive front, Empire Resorts ( NYNY), up 9.7%, Canterbury Park Holding Corporation ( CPHC), up 8.2%, Ryman Hospitality Properties ( RHP), up 5.5% and MTR Gaming Group ( MNTG), up 5.4% , were all gainers within the leisure industry with Las Vegas Sands ( LVS) being today's featured leisure industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the leisure industry could consider PowerShares Dynamic Leisure&Entert ( PEJ) while those bearish on the leisure industry could consider ProShares Ultra Sht Consumer Services ( SCC).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

Royal Caribbean Cruise Set to Sail Through Caribbean Hurricane Disasters?

Analysts Wrong on iPhone; Retail Not Going Away: Best of Cramer

S&P, Dow Close at Record Highs, Brushing Off Geopolitical Concerns

Stocks Shake Off North Korea and London to Stay in Record Territory

Carnival Will Have Massive Cruise Ships Using Liquefied Natural Gas by 2018