Norwegian Cruise Line (NCLH) Stock Rating Lowered by Macquarie
Norwegian Cruise Line (NASDAQ:NCLH) was downgraded by research analysts at Macquarie from a “neutral” rating to an “underperform” rating in a note issued to investors on Thursday. They currently have a $47.00 target price on the stock. Macquarie’s target price would indicate a potential downside of 14.25% from the stock’s previous close.
NCLH has been the subject of a number of other reports. Zacks Investment Research cut shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Stifel Nicolaus restated a “buy” rating and set a $67.00 price objective (down from $69.00) on shares of Norwegian Cruise Line in a research report on Thursday, October 19th. UBS restated a “neutral” rating and set a $60.00 price objective (up from $51.00) on shares of Norwegian Cruise Line in a research report on Thursday, August 10th. Tigress Financial reiterated a “buy” rating on shares of Norwegian Cruise Line in a research report on Monday, November 27th. Finally, Barclays increased their target price on shares of Norwegian Cruise Line from $59.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. Norwegian Cruise Line currently has a consensus rating of “Hold” and an average target price of $63.07.
Norwegian Cruise Line (NASDAQ:NCLH) opened at $54.81 on Thursday. The company has a quick ratio of 0.31, a current ratio of 0.34 and a debt-to-equity ratio of 1.08. Norwegian Cruise Line has a 12 month low of $38.66 and a 12 month high of $61.48. The stock has a market cap of $12,373.60, a price-to-earnings ratio of 14.84, a P/E/G ratio of 0.57 and a beta of 1.10.
Norwegian Cruise Line (NASDAQ:NCLH) last posted its earnings results on Thursday, November 9th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.04. Norwegian Cruise Line had a net margin of 13.91% and a return on equity of 16.97%. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the business posted $1.62 EPS. The business’s revenue was up 11.2% compared to the same quarter last year. research analysts anticipate that Norwegian Cruise Line will post 3.66 earnings per share for the current year.
In related news, CEO Jason Montague sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $55.08, for a total value of $826,200.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $54.11, for a total transaction of $270,550,000.00. The disclosure for this sale can be found here. Company insiders own 0.98% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Aviance Capital Management LLC acquired a new stake in Norwegian Cruise Line during the second quarter worth approximately $103,000. Toronto Dominion Bank raised its holdings in Norwegian Cruise Line by 12.4% during the second quarter. Toronto Dominion Bank now owns 1,956 shares of the company’s stock worth $106,000 after purchasing an additional 216 shares in the last quarter. BB&T Investment Services Inc. acquired a new stake in Norwegian Cruise Line during the second quarter worth approximately $121,000. Pacer Advisors Inc. acquired a new stake in Norwegian Cruise Line during the second quarter worth approximately $197,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Norwegian Cruise Line during the third quarter worth approximately $202,000. 89.01% of the stock is currently owned by hedge funds and other institutional investors.
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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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