Norwegian Cruise Line Holdings Sees Unusually-High Trading Volume Following Earnings Beat (NCLH)
Norwegian Cruise Line Holdings (NASDAQ:NCLH) shares saw strong trading volume on Tuesday after the company announced better than expected quarterly earnings, Analyst Ratings Network.com reports. 3,361,792 shares changed hands during mid-day trading, an increase of 227% from the previous session’s volume of 1,027,788 shares.The stock last traded at $33.39 and had previously closed at $35.17.
The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.18 by $0.01. The company had revenue of $600.30 million for the quarter, compared to the consensus estimate of $600.56 million.
Separately, analysts at SunTrust cut their price target on shares of Norwegian Cruise Line Holdings from $46.00 to $43.00 in a research note on Thursday, February 13th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $35.87.
The stock has a 50-day moving average of $35.22 and a 200-day moving average of $32.78. The company has a market cap of $6.878 billion and a P/E ratio of 105.62.
Norwegian Cruise Line Holdings Ltd. is a global cruise line operator, offering cruise experiences for travelers with a variety of itineraries in North America (NASDAQ:NCLH), the Mediterranean, the Baltic, Central America, Bermuda and the Caribbean.
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