Zacks Investment Research Upgrades Norwegian Cruise Line (NCLH) to Buy

Norwegian Cruise Line (NASDAQ:NCLH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday. The firm currently has a $66.00 price objective on the stock. Zacks Investment Research‘s price objective points to a potential upside of 11.06% from the stock’s previous close.

According to Zacks, “Norwegian Cruise Line is a cruise line operator. It offers cruise itineraries in various locations, including destinations in the Caribbean, Bermuda, the Bahamas, Mexico, Alaska, Europe, Hawaii, New England, Central America, North Africa, and Scandinavia. The company markets its services primarily through retail/travel agents. Norwegian Cruise Line is headquartered in Miami, Florida. “

A number of other equities analysts have also weighed in on NCLH. SunTrust Banks upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research note on Wednesday. BidaskClub upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Thursday. Stifel Nicolaus reiterated a “buy” rating and set a $67.00 price objective (down previously from $69.00) on shares of Norwegian Cruise Line in a research note on Thursday, October 19th. Wedbush set a $65.00 price objective on Norwegian Cruise Line and gave the company a “buy” rating in a research note on Sunday, November 12th. Finally, Morgan Stanley lifted their price objective on Norwegian Cruise Line from $58.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. Norwegian Cruise Line has a consensus rating of “Buy” and a consensus price target of $63.25.

Norwegian Cruise Line (NASDAQ:NCLH) opened at $59.43 on Friday. The firm has a market capitalization of $13,580.00, a PE ratio of 18.57, a price-to-earnings-growth ratio of 0.56 and a beta of 1.09. Norwegian Cruise Line has a 52 week low of $45.15 and a 52 week high of $61.48. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.31 and a current ratio of 0.34.

Norwegian Cruise Line (NASDAQ:NCLH) last released its quarterly earnings data on Thursday, November 9th. The company reported $1.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.82 by $0.04. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.64 billion. Norwegian Cruise Line had a return on equity of 16.97% and a net margin of 13.91%. The company’s revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the business posted $1.62 EPS. equities research analysts expect that Norwegian Cruise Line will post 3.66 earnings per share for the current fiscal year.

In other Norwegian Cruise Line news, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $54.11, for a total transaction of $270,550,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jason Montague sold 15,000 shares of the business’s 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 owned by insiders.

Large investors have recently bought and sold shares of the business. Aviance Capital Management LLC purchased a new stake in Norwegian Cruise Line during the 2nd quarter worth approximately $103,000. Toronto Dominion Bank increased its stake in Norwegian Cruise Line by 12.4% during the 2nd quarter. Toronto Dominion Bank now owns 1,956 shares of the company’s stock worth $106,000 after buying an additional 216 shares in the last quarter. BB&T Investment Services Inc. purchased a new stake in Norwegian Cruise Line during the 2nd quarter worth approximately $121,000. Campbell & CO Investment Adviser LLC purchased a new stake in Norwegian Cruise Line during the 3rd quarter worth approximately $202,000. Finally, Ameritas Investment Partners Inc. increased its stake in Norwegian Cruise Line by 1.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,083 shares of the company’s stock worth $222,000 after buying an additional 77 shares in the last quarter. Institutional investors own 88.85% of the company’s stock.

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Norwegian Cruise Line Company Profile

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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