Norwegian Cruise Line Holdings Ltd. (NCLH) Given Consensus Rating of “Hold” by Analysts
Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) has been assigned a consensus recommendation of “Hold” from the nineteen brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $63.07.
NCLH has been the subject of several research analyst reports. Stifel Nicolaus reiterated a “buy” rating on shares of Norwegian Cruise Line in a research report on Thursday, August 10th. Barclays increased their target price on Norwegian Cruise Line from $59.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, August 10th. UBS reiterated a “neutral” rating and set a $60.00 target price (up previously from $51.00) on shares of Norwegian Cruise Line in a research report on Thursday, August 10th. Goldman Sachs Group reiterated a “neutral” rating and set a $64.00 target price (up previously from $60.00) on shares of Norwegian Cruise Line in a research report on Tuesday, August 15th. Finally, Zacks Investment Research cut Norwegian Cruise Line from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th.
In other news, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of Norwegian Cruise Line stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $54.11, for a total value of $270,550,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jason Montague sold 15,000 shares of Norwegian Cruise Line stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $55.08, for a total value of $826,200.00. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by insiders.
Norwegian Cruise Line (NASDAQ:NCLH) traded up $0.03 during trading hours on Friday, hitting $54.34. The company had a trading volume of 1,132,700 shares, compared to its average volume of 1,866,786. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.34 and a quick ratio of 0.31. Norwegian Cruise Line has a 12-month low of $42.04 and a 12-month high of $61.48. The stock has a market capitalization of $12,407.88, a PE ratio of 14.88, a P/E/G ratio of 0.57 and a beta of 1.09.
Norwegian Cruise Line (NASDAQ:NCLH) last released its earnings results on Thursday, November 9th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.04. Norwegian Cruise Line had a return on equity of 16.97% and a net margin of 13.91%. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the business posted $1.62 earnings per share. The firm’s revenue was up 11.2% on a year-over-year basis. research analysts predict that Norwegian Cruise Line will post 3.66 EPS for the current year.
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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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