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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Carnival Corporation ( CCL) pushed the Leisure industry higher today making it today's featured leisure winner. The industry as a whole closed the day up 0.2%. By the end of trading, Carnival Corporation rose $1.29 (3.2%) to $41.25 on heavy volume. Throughout the day, 6,444,056 shares of Carnival Corporation exchanged hands as compared to its average daily volume of 4,271,200 shares. The stock ranged in a price between $40.18-$41.29 after having opened the day at $40.24 as compared to the previous trading day's close of $39.96. Other companies within the Leisure industry that increased today were: Diversified Restaurant Holdings ( BAGR), up 9.3%, SeaWorld Entertainment ( SEAS), up 5.3%, Country Style Cooking Restaurant Chain ( CCSC), up 4.1% and Boyd Gaming Corporation ( BYD), up 3.7%.

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 $23.3 billion and is part of the services sector. The company has a P/E ratio of 24.9, above the S&P 500 P/E ratio of 17.7. Shares are down 0.5% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Carnival Corporation a buy, 2 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Carnival Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, Isle of Capri Casinos ( ISLE), down 4.9%, Ctrip.com International ( CTRP), down 3.8%, Ruby Tuesday ( RT), down 3.6% and Full House Resorts ( FLL), down 3.4% , were all laggards within the leisure industry with Buffalo Wild Wings ( BWLD) being today's leisure industry laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

More from Markets

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers

OPEC Deal Doesn't Boost Production Enough to Drive Down Crude, Gasoline Prices

OPEC Deal Doesn't Boost Production Enough to Drive Down Crude, Gasoline Prices

Dow Posts First Gain in Nine Sessions; Oil Jumps

Dow Posts First Gain in Nine Sessions; Oil Jumps