Norwegian Cruise Line (NCLH) Rating Increased to Buy at BidaskClub

Share on StockTwits

BidaskClub upgraded shares of Norwegian Cruise Line (NASDAQ:NCLH) from a hold rating to a buy rating in a research report report published on Tuesday, BidAskClub reports.

Other equities research analysts also recently issued research reports about the stock. TheStreet raised shares of Norwegian Cruise Line from a c+ rating to a b- rating in a research report on Wednesday, February 6th. Deutsche Bank reaffirmed a buy rating and issued a $70.00 target price on shares of Norwegian Cruise Line in a research report on Monday, February 25th. Morgan Stanley set a $64.00 target price on shares of Norwegian Cruise Line and gave the stock a buy rating in a research report on Friday, February 22nd. Zacks Investment Research raised shares of Norwegian Cruise Line from a hold rating to a buy rating and set a $49.00 target price for the company in a research report on Wednesday, January 9th. Finally, Wedbush set a $65.00 price target on shares of Norwegian Cruise Line and gave the stock a buy rating in a research note on Wednesday, December 26th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of Buy and an average price target of $64.92.

NASDAQ:NCLH opened at $59.56 on Tuesday. Norwegian Cruise Line has a 12 month low of $39.36 and a 12 month high of $59.64.

Norwegian Cruise Line (NASDAQ:NCLH) last posted its earnings results on Thursday, February 21st. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.06. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period last year, the firm posted $0.68 EPS. The company’s revenue for the quarter was up 10.5% on a year-over-year basis.

In related news, CEO Rio Frank J. Del sold 3,077 shares of Norwegian Cruise Line stock in a transaction on Friday, February 15th. The shares were sold at an average price of $52.70, for a total transaction of $162,157.90. Following the transaction, the chief executive officer now owns 292,090 shares in the company, valued at approximately $15,393,143. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Rio Frank J. Del sold 6,154 shares of Norwegian Cruise Line stock in a transaction on Wednesday, January 30th. The shares were sold at an average price of $50.44, for a total transaction of $310,407.76. Following the transaction, the chief executive officer now owns 295,767 shares in the company, valued at approximately $14,918,487.48. The disclosure for this sale can be found here. Insiders have sold a total of 107,661 shares of company stock worth $5,934,318 in the last quarter. Corporate insiders own 0.98% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC lifted its stake in shares of Norwegian Cruise Line by 4.7% during the 4th quarter. LPL Financial LLC now owns 5,070 shares of the company’s stock valued at $215,000 after buying an additional 227 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Norwegian Cruise Line by 15.2% during the 4th quarter. Great West Life Assurance Co. Can now owns 2,196 shares of the company’s stock valued at $93,000 after buying an additional 290 shares in the last quarter. World Asset Management Inc lifted its stake in shares of Norwegian Cruise Line by 2.6% during the 4th quarter. World Asset Management Inc now owns 12,469 shares of the company’s stock valued at $529,000 after buying an additional 320 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in shares of Norwegian Cruise Line by 2.2% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 16,184 shares of the company’s stock valued at $686,000 after buying an additional 356 shares in the last quarter. Finally, Cigna Investments Inc. New lifted its stake in shares of Norwegian Cruise Line by 6.3% during the 4th quarter. Cigna Investments Inc. New now owns 6,309 shares of the company’s stock valued at $268,000 after buying an additional 374 shares in the last quarter. Institutional investors own 88.85% of the company’s stock.

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.

Featured Story: Asset Allocation Models, Which is Right For You?

Analyst Recommendations for Norwegian Cruise Line (NASDAQ:NCLH)

Receive News & Ratings for Norwegian Cruise Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwegian Cruise Line and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.