Norwegian Cruise Line Holdings Upgraded to Buy by Goldman Sachs (NCLH)
Norwegian Cruise Line Holdings (NASDAQ:NCLH) was upgraded by stock analysts at Goldman Sachs from a “neutral” rating to a “buy” rating in a report issued on Thursday, Stock Ratings Network reports. The firm currently has a $37.00 price objective on the stock. Goldman Sachs’ price objective would suggest a potential upside of 12.98% from the company’s current price.
Shares of Norwegian Cruise Line Holdings (NASDAQ:NCLH) traded up 0.31% during mid-day trading on Thursday, hitting $32.75. 845,578 shares of the company’s stock traded hands. Norwegian Cruise Line Holdings has a 52 week low of $28.00 and a 52 week high of $37.30. The stock’s 50-day moving average is $31.70 and its 200-day moving average is $33.23. The company has a market cap of $6.722 billion and a P/E ratio of 27.69.
Norwegian Cruise Line Holdings (NASDAQ:NCLH) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. The company had revenue of $664.00 million for the quarter, compared to the consensus estimate of $683.28 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 25.9% on a year-over-year basis. On average, analysts predict that Norwegian Cruise Line Holdings will post $2.29 earnings per share for the current fiscal year.
A number of other firms have also recently commented on NCLH. Analysts at Berenberg Bank initiated coverage on shares of Norwegian Cruise Line Holdings in a research note on Tuesday, April 29th. They set a “buy” rating and a $40.00 price target on the stock. Separately, analysts at Susquehanna cut their price target on shares of Norwegian Cruise Line Holdings from $42.00 to $38.00 in a research note on Monday, April 28th. They now have a “positive” rating on the stock. Finally, analysts at Longbow Research initiated coverage on shares of Norwegian Cruise Line Holdings in a research note on Thursday, April 17th. They set a “buy” rating and a $38.00 price target on the stock. Eight equities research analysts have rated the stock with a buy rating, Norwegian Cruise Line Holdings currently has a consensus rating of “Buy” and an average target price of $37.67.
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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