Norwegian Cruise Line (NCLH) Raised to Buy at Deutsche Bank

Norwegian Cruise Line (NASDAQ:NCLH) was upgraded by investment analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, MarketBeat reports. The firm presently has a $66.00 price target on the stock. Deutsche Bank’s target price would suggest a potential upside of 20.09% from the company’s previous close.

NCLH has been the topic of a number of other reports. BidaskClub cut Norwegian Cruise Line from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. JPMorgan Chase upgraded Norwegian Cruise Line from a “neutral” rating to an “overweight” rating in a research report on Monday, February 5th. Zacks Investment Research upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a research report on Thursday, January 11th. SunTrust Banks upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research report on Wednesday, January 17th. Finally, Morgan Stanley boosted their price objective on Norwegian Cruise Line from $62.00 to $64.00 and gave the company an “equal weight” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. Norwegian Cruise Line currently has a consensus rating of “Buy” and a consensus target price of $64.86.

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Shares of NASDAQ NCLH opened at $54.96 on Wednesday. The company has a current ratio of 0.34, a quick ratio of 0.31 and a debt-to-equity ratio of 1.08. Norwegian Cruise Line has a 12 month low of $47.76 and a 12 month high of $61.48.

Norwegian Cruise Line (NASDAQ:NCLH) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.05. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.25 billion. Norwegian Cruise Line had a return on equity of 16.97% and a net margin of 13.91%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.56 EPS. sell-side analysts predict that Norwegian Cruise Line will post 3.66 earnings per share for the current fiscal year.

In other news, major shareholder Apollo Management Holdings Gp, sold 9,750,000 shares of the company’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $56.00, for a total transaction of $546,000,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.98% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Norwegian Cruise Line by 35.7% during the fourth quarter. BlackRock Inc. now owns 11,085,276 shares of the company’s stock valued at $590,293,000 after acquiring an additional 2,914,618 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Norwegian Cruise Line by 0.7% during the fourth quarter. Alliancebernstein L.P. now owns 2,177,259 shares of the company’s stock valued at $115,939,000 after acquiring an additional 15,612 shares during the period. Amundi Pioneer Asset Management Inc. lifted its stake in shares of Norwegian Cruise Line by 66.6% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 1,976,849 shares of the company’s stock valued at $105,266,000 after acquiring an additional 790,315 shares during the period. Geode Capital Management LLC lifted its stake in shares of Norwegian Cruise Line by 26.9% during the fourth quarter. Geode Capital Management LLC now owns 1,903,709 shares of the company’s stock valued at $101,159,000 after acquiring an additional 403,132 shares during the period. Finally, Jennison Associates LLC lifted its stake in shares of Norwegian Cruise Line by 1.1% during the fourth quarter. Jennison Associates LLC now owns 1,709,286 shares of the company’s stock valued at $91,019,000 after acquiring an additional 19,262 shares during the period. 88.85% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Norwegian Cruise Line (NASDAQ:NCLH)

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