Zacks Investment Research upgraded shares of Norwegian Cruise Line (NASDAQ:NCLH) from a hold rating to a buy rating in a report released on Thursday morning. Zacks Investment Research currently has $62.00 price objective on the stock.
According to Zacks, “Norwegian Cruise Line is a cruise line operator. It offers cruise itineraries in various locations, including destinations in the Caribbean, Bermuda, the Bahamas, Mexico, Alaska, Europe, Hawaii, New England, Central America, North Africa, and Scandinavia. The company markets its services primarily through retail/travel agents. Norwegian Cruise Line is headquartered in Miami, Florida. “
A number of other equities analysts have also recently commented on the stock. Macquarie cut shares of Norwegian Cruise Line from a neutral rating to an underperform rating and set a $47.00 price target for the company. in a research note on Thursday, November 30th. Tigress Financial reaffirmed a buy rating on shares of Norwegian Cruise Line in a research note on Monday, November 27th. Argus started coverage on shares of Norwegian Cruise Line in a research note on Wednesday, October 25th. They set a buy rating and a $68.00 price target for the company. Barclays lifted their price target on shares of Norwegian Cruise Line from $64.00 to $67.00 and gave the stock an overweight rating in a research note on Friday, November 10th. Finally, Morgan Stanley lifted their price target on shares of Norwegian Cruise Line from $58.00 to $62.00 and gave the stock an equal weight rating in a research note on Friday, November 10th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. Norwegian Cruise Line presently has an average rating of Hold and a consensus target price of $63.00.
Shares of Norwegian Cruise Line (NASDAQ NCLH) traded up $1.69 during trading hours on Thursday, hitting $57.85. 2,057,632 shares of the company’s stock were exchanged, compared to its average volume of 1,730,000. Norwegian Cruise Line has a 1-year low of $44.20 and a 1-year high of $61.48. The stock has a market cap of $13,220.00, a PE ratio of 18.08, a P/E/G ratio of 0.56 and a beta of 1.09. The company has a quick ratio of 0.31, a current ratio of 0.34 and a debt-to-equity ratio of 1.08.
Norwegian Cruise Line (NASDAQ:NCLH) last released its quarterly earnings results on Thursday, November 9th. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the company earned $1.62 EPS. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. equities research analysts forecast that Norwegian Cruise Line will post 3.66 earnings per share for the current year.
In related news, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of Norwegian Cruise Line stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $54.11, for a total transaction of $270,550,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jason Montague sold 15,000 shares of Norwegian Cruise Line stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $55.08, for a total transaction of $826,200.00. The disclosure for this sale can be found here. Company insiders own 0.98% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Aviance Capital Management LLC bought a new stake in Norwegian Cruise Line during the 2nd quarter valued at about $103,000. Toronto Dominion Bank lifted its holdings in 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 buying an additional 216 shares in the last quarter. BB&T Investment Services Inc. bought a new stake in Norwegian Cruise Line during the 2nd quarter valued at about $121,000. Pacer Advisors Inc. bought a new stake in shares of Norwegian Cruise Line in the 2nd quarter valued at about $197,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Norwegian Cruise Line in the 3rd quarter valued at about $202,000. Institutional investors own 88.85% of the company’s stock.
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Norwegian Cruise Line Company Profile
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.
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