Norwegian Cruise Line (NCLH) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Norwegian Cruise Line (NASDAQ:NCLH) from a sell rating to a hold rating in a report published on Thursday.

Several other equities analysts have also recently commented on NCLH. Zacks Investment Research cut shares of Norwegian Cruise Line from a hold rating to a sell rating in a research report on Wednesday, October 11th. Stifel Nicolaus reissued a buy rating and set a $69.00 target price on shares of Norwegian Cruise Line in a research report on Thursday, October 12th. Argus initiated coverage on shares of Norwegian Cruise Line in a research report on Wednesday, October 25th. They set a buy rating and a $68.00 target price on the stock. Morgan Stanley lifted their target price on shares of Norwegian Cruise Line from $58.00 to $62.00 and gave the stock an equal weight rating in a research report on Friday, November 10th. Finally, Barclays lifted their target price on shares of Norwegian Cruise Line from $64.00 to $67.00 and gave the stock an overweight rating in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $63.25.

Norwegian Cruise Line (NASDAQ:NCLH) traded up $0.57 during trading on Thursday, hitting $59.43. 2,143,248 shares of the company’s stock traded hands, compared to its average volume of 1,680,000. Norwegian Cruise Line has a 1 year low of $45.15 and a 1 year high of $61.48. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.31 and a current ratio of 0.34. The company has a market cap of $13,580.00, a PE ratio of 18.57, a P/E/G ratio of 0.56 and a beta of 1.09.

Norwegian Cruise Line (NASDAQ:NCLH) last posted its earnings results on Thursday, November 9th. The company reported $1.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.04. Norwegian Cruise Line had a net margin of 13.91% and a return on equity of 16.97%. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the firm earned $1.62 EPS. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. sell-side analysts expect that Norwegian Cruise Line will post 3.66 EPS for the current fiscal year.

In related news, CEO Jason Montague sold 15,000 shares of Norwegian Cruise Line stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $55.08, for a total value of $826,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of Norwegian Cruise Line stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $54.11, for a total transaction of $270,550,000.00. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. grew its stake in Norwegian Cruise Line by 1.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,083 shares of the company’s stock valued at $222,000 after buying an additional 77 shares in the last quarter. M&T Bank Corp grew its position in shares of Norwegian Cruise Line by 1.4% during the 2nd quarter. M&T Bank Corp now owns 7,609 shares of the company’s stock valued at $413,000 after purchasing an additional 103 shares in the last quarter. Toronto Dominion Bank grew its position in shares of Norwegian Cruise Line by 12.4% during the 2nd quarter. Toronto Dominion Bank now owns 1,956 shares of the company’s stock valued at $106,000 after purchasing an additional 216 shares in the last quarter. Nordea Investment Management AB grew its position in shares of Norwegian Cruise Line by 7.0% during the 2nd quarter. Nordea Investment Management AB now owns 4,600 shares of the company’s stock valued at $250,000 after purchasing an additional 300 shares in the last quarter. Finally, Kalos Management Inc. grew its position in shares of Norwegian Cruise Line by 3.4% during the 2nd quarter. Kalos Management Inc. now owns 10,555 shares of the company’s stock valued at $573,000 after purchasing an additional 343 shares in the last quarter. Institutional investors and hedge funds own 88.85% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this piece on another domain, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.chaffeybreeze.com/2018/01/20/norwegian-cruise-line-nclh-stock-rating-upgraded-by-bidaskclub.html.

About Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. The Company had 25 ships with approximately 50,400 Berths, as of May 1, 2017. The Company’s brands offer itineraries to various destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii.

Analyst Recommendations for Norwegian Cruise Line (NASDAQ:NCLH)

Receive News & Ratings for Norwegian Cruise Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwegian Cruise Line and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply