BidaskClub upgraded shares of Norwegian Cruise Line (NASDAQ:NCLH) from a sell rating to a hold rating in a research note released on Wednesday morning.
Other research analysts have also recently issued research reports about the company. Bank of America set a $72.00 price target on Norwegian Cruise Line and gave the stock a buy rating in a research note on Monday, May 28th. Deutsche Bank raised Norwegian Cruise Line from a hold rating to a buy rating and set a $66.00 target price for the company in a research note on Wednesday, April 18th. Morgan Stanley decreased their target price on Norwegian Cruise Line from $64.00 to $58.00 and set an equal weight rating for the company in a research note on Tuesday, June 5th. Finally, Zacks Investment Research cut Norwegian Cruise Line from a hold rating to a sell rating in a research note on Wednesday, April 25th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the stock. Norwegian Cruise Line presently has a consensus rating of Buy and a consensus price target of $64.93.
Norwegian Cruise Line opened at $54.95 on Wednesday, MarketBeat Ratings reports. Norwegian Cruise Line has a 1 year low of $50.16 and a 1 year high of $61.48. 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 (NASDAQ:NCLH) last released its quarterly earnings results on Wednesday, May 2nd. The company reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.06. Norwegian Cruise Line had a return on equity of 16.97% and a net margin of 13.91%. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the business posted $0.40 earnings per share. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. equities analysts predict that Norwegian Cruise Line will post 3.66 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Suntrust Banks Inc. lifted its holdings in shares of Norwegian Cruise Line by 18.8% during the first quarter. Suntrust Banks Inc. now owns 14,341 shares of the company’s stock valued at $758,000 after purchasing an additional 2,273 shares during the last quarter. Allianz Asset Management GmbH purchased a new stake in shares of Norwegian Cruise Line during the first quarter valued at $215,000. Amalgamated Bank lifted its holdings in shares of Norwegian Cruise Line by 7.6% during the first quarter. Amalgamated Bank now owns 24,998 shares of the company’s stock valued at $1,324,000 after purchasing an additional 1,767 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Norwegian Cruise Line by 14.2% during the first quarter. Principal Financial Group Inc. now owns 314,962 shares of the company’s stock valued at $16,683,000 after purchasing an additional 39,113 shares during the last quarter. Finally, CIBC World Markets Inc. lifted its holdings in shares of Norwegian Cruise Line by 151.2% during the first quarter. CIBC World Markets Inc. now owns 25,625 shares of the company’s stock valued at $1,357,000 after purchasing an additional 15,425 shares during the last quarter. 88.85% of the stock is owned by institutional investors and hedge funds.
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.
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