Norwegian Cruise Line (NASDAQ:NCLH) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued on Monday, Marketbeat.com reports.
Several other equities research analysts also recently weighed in on the company. Macquarie downgraded Norwegian Cruise Line from a “neutral” rating to an “underperform” rating and set a $47.00 price target on the stock. in a research report on Thursday, November 30th. Zacks Investment Research downgraded Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Tigress Financial reaffirmed a “buy” rating on shares of Norwegian Cruise Line in a research report on Monday, November 27th. Argus started coverage on Norwegian Cruise Line in a research report on Wednesday, October 25th. They set a “buy” rating and a $68.00 target price on the stock. Finally, Barclays raised their target price on Norwegian Cruise Line from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $63.38.
Shares of Norwegian Cruise Line (NASDAQ NCLH) traded down $2.05 on Monday, reaching $56.95. The company’s stock had a trading volume of 2,306,877 shares, compared to its average volume of 1,631,139. The firm has a market cap of $13,480.00, a P/E ratio of 17.80, a P/E/G ratio of 0.56 and a beta of 1.17. 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 $46.96 and a 12 month high of $61.48.
Norwegian Cruise Line (NASDAQ:NCLH) last announced its quarterly earnings results on Thursday, November 9th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.04. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.64 billion. Norwegian Cruise Line had a return on equity of 16.97% and a net margin of 13.91%. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period last year, the firm earned $1.62 EPS. analysts predict that Norwegian Cruise Line will post 3.66 earnings per share for the current fiscal year.
In related news, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of Norwegian Cruise Line stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $54.11, for a total value of $270,550,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jason Montague sold 15,000 shares of Norwegian Cruise Line stock in a transaction dated 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 company insiders.
A number of hedge funds have recently bought and sold shares of NCLH. Toronto Dominion Bank boosted its holdings in Norwegian Cruise Line by 12.4% in 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 during the last quarter. Cerebellum GP LLC acquired a new stake in Norwegian Cruise Line in the 4th quarter worth about $112,000. BB&T Investment Services Inc. acquired a new stake in Norwegian Cruise Line in the 2nd quarter worth about $121,000. Campbell & CO Investment Adviser LLC acquired a new stake in Norwegian Cruise Line in the 3rd quarter worth about $202,000. Finally, Ameritas Investment Partners Inc. boosted its holdings in Norwegian Cruise Line by 1.9% in 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 during the last quarter. Institutional investors own 88.85% of the company’s stock.
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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.