Norwegian Cruise Line (NASDAQ:NCLH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, January 11th. The brokerage currently has a $62.00 price objective on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 6.16% from the stock’s previous close.
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. “
Several other brokerages have also commented on NCLH. Stifel Nicolaus restated a “buy” rating and issued a $69.00 price objective on shares of Norwegian Cruise Line in a report on Thursday, October 12th. Argus initiated coverage on Norwegian Cruise Line in a research report on Wednesday, October 25th. They issued a “buy” rating and a $68.00 price objective for the company. Morgan Stanley increased their price objective on Norwegian Cruise Line from $58.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, November 10th. Barclays increased their price objective on Norwegian Cruise Line from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, November 10th. Finally, Wedbush set a $65.00 price objective on Norwegian Cruise Line and gave the company a “buy” rating in a research report on Sunday, November 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $63.38.
Norwegian Cruise Line (NCLH) traded up $0.20 during trading hours on Thursday, reaching $58.40. The company had a trading volume of 366,553 shares, compared to its average volume of 1,560,000. The company has a market capitalization of $13,340.00, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 0.56 and a beta of 1.17. Norwegian Cruise Line has a 12 month low of $46.96 and a 12 month high of $61.48. 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 posted its quarterly earnings data on Thursday, November 9th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.82 by $0.04. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.64 billion. Norwegian Cruise Line had a return on equity of 16.97% and a net margin of 13.91%. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the company earned $1.62 earnings per share. equities analysts predict that Norwegian Cruise Line will post 3.66 earnings per share for the current year.
In other Norwegian Cruise Line news, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $54.11, for a total transaction of $270,550,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jason Montague sold 15,000 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $55.08, for a total value of $826,200.00. The disclosure for this sale can be found here. 0.98% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC lifted its stake in Norwegian Cruise Line by 2,659.1% in the second quarter. Janus Henderson Group PLC now owns 7,409,748 shares of the company’s stock worth $402,275,000 after purchasing an additional 7,141,190 shares during the last quarter. DSM Capital Partners LLC lifted its holdings in Norwegian Cruise Line by 106.1% in the 3rd quarter. DSM Capital Partners LLC now owns 3,591,761 shares of the company’s stock valued at $194,135,000 after acquiring an additional 1,848,761 shares during the last quarter. Capital Growth Management LP acquired a new stake in Norwegian Cruise Line in the 3rd quarter valued at about $65,941,000. Fred Alger Management Inc. acquired a new stake in Norwegian Cruise Line in the 2nd quarter valued at about $63,312,000. Finally, Columbus Circle Investors acquired a new stake in Norwegian Cruise Line in the 3rd quarter valued at about $44,026,000. Hedge funds and other 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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