Norwegian Cruise Line (NCLH) Stock Rating Lowered by BidaskClub

Norwegian Cruise Line (NASDAQ:NCLH) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

A number of other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a report on Tuesday, July 3rd. JPMorgan Chase & Co. cut their price objective on shares of Norwegian Cruise Line from $70.00 to $61.00 and set an “overweight” rating on the stock in a report on Friday, August 10th. Stifel Nicolaus boosted their price objective on shares of Norwegian Cruise Line from $70.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, August 10th. Nomura cut their price objective on shares of Norwegian Cruise Line from $72.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, August 10th. Finally, Macquarie upgraded shares of Norwegian Cruise Line from an “underperform” rating to a “neutral” rating and set a $55.00 price objective on the stock in a report on Friday, September 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $64.91.

NASDAQ:NCLH opened at $49.00 on Friday. 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 twelve month low of $46.16 and a twelve month high of $61.18.

Norwegian Cruise Line (NASDAQ:NCLH) last posted its earnings results on Thursday, August 9th. The company reported $1.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.18. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. Norwegian Cruise Line had a net margin of 13.91% and a return on equity of 16.97%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.02 EPS. On average, equities analysts expect that Norwegian Cruise Line will post 3.66 earnings per share for the current year.

In other news, CEO Rio Frank J. Del sold 10,657 shares of the business’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $49.10, for a total value of $523,258.70. Following the completion of the sale, the chief executive officer now owns 324,286 shares of the company’s stock, valued at approximately $15,922,442.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rio Frank J. Del sold 3,077 shares of the business’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $51.03, for a total transaction of $157,019.31. Following the completion of the sale, the chief executive officer now directly owns 304,398 shares of the company’s stock, valued at approximately $15,533,429.94. The disclosure for this sale can be found here. Insiders sold a total of 19,888 shares of company stock valued at $1,011,702 in the last three months. Insiders own 0.98% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC bought a new stake in shares of Norwegian Cruise Line during the 2nd quarter valued at about $114,000. Allianz Asset Management GmbH bought a new stake in shares of Norwegian Cruise Line during the 1st quarter valued at about $215,000. Timber Hill LLC bought a new stake in shares of Norwegian Cruise Line during the 2nd quarter valued at about $222,000. FNY Investment Advisers LLC bought a new stake in shares of Norwegian Cruise Line during the 2nd quarter valued at about $236,000. Finally, Investment Counselors of Maryland LLC bought a new stake in shares of Norwegian Cruise Line during the 2nd quarter valued at about $248,000. 88.85% of the stock is owned by institutional investors.

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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Analyst Recommendations for Norwegian Cruise Line (NASDAQ:NCLH)

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