Norwegian Cruise Line Holdings Rating Reiterated by Nomura (NCLH)
Norwegian Cruise Line Holdings (NASDAQ:NCLH)‘s stock had its “buy” rating reaffirmed by Nomura in a research note issued on Wednesday. They currently have a $40.00 price objective on the stock, down from their previous price objective of $42.00. Nomura’s target price suggests a potential upside of 21.03% from the stock’s previous close.
Norwegian Cruise Line Holdings (NASDAQ:NCLH) traded down 1.45% on Wednesday, hitting $33.05. 1,658,496 shares of the company’s stock traded hands. Norwegian Cruise Line Holdings has a 1-year low of $28.28 and a 1-year high of $37.30. The stock’s 50-day moving average is $32.36 and its 200-day moving average is $33.04. The company has a market cap of $6.774 billion and a price-to-earnings ratio of 19.32.
Norwegian Cruise Line Holdings (NASDAQ:NCLH) last announced its earnings results on Monday, July 28th. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.57 by $0.01. The company had revenue of $765.90 million for the quarter, compared to the consensus estimate of $797.55 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 18.9% on a year-over-year basis. On average, analysts predict that Norwegian Cruise Line Holdings will post $2.28 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on NCLH. Analysts at SunTrust downgraded shares of Norwegian Cruise Line Holdings from a “buy” rating to a “neutral” rating in a research note on Monday, June 16th. They now have a $37.00 price target on the stock, down previously from $41.00. Separately, analysts at Longbow Research downgraded shares of Norwegian Cruise Line Holdings from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 4th. They now have a $38.00 price target on the stock. Finally, analysts at Goldman Sachs upgraded shares of Norwegian Cruise Line Holdings from a “neutral” rating to a “buy” rating in a research note on Thursday, May 15th. They now have a $37.00 price target on the stock. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $37.34.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.