Norwegian Cruise Line (NCLH) Stock Rating Upgraded by Macquarie

Norwegian Cruise Line (NASDAQ:NCLH) was upgraded by stock analysts at Macquarie from an “underperform” rating to a “neutral” rating in a research report issued on Thursday, The Fly reports.

Several other research analysts also recently commented on the stock. BidaskClub raised shares of Norwegian Cruise Line from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 21st. JPMorgan Chase & Co. reduced their price target on shares of Norwegian Cruise Line from $70.00 to $61.00 and set an “overweight” rating on the stock in a research note on Friday, August 10th. Nomura reduced their price target on shares of Norwegian Cruise Line from $72.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, August 10th. Stifel Nicolaus raised their price target on shares of Norwegian Cruise Line from $70.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Finally, Zacks Investment Research raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $64.60.

NCLH stock opened at $44.07 on Thursday. Norwegian Cruise Line has a 12 month low of $41.61 and a 12 month high of $61.18. The company has a current ratio of 0.34, a quick ratio of 0.31 and a debt-to-equity ratio of 1.08.



Norwegian Cruise Line (NASDAQ:NCLH) last posted its quarterly earnings results on Thursday, August 9th. The company reported $1.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.18. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. Norwegian Cruise Line had a net margin of 13.91% and a return on equity of 16.97%. The firm’s revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.02 EPS. On average, analysts predict that Norwegian Cruise Line will post 3.66 earnings per share for the current fiscal year.

In other Norwegian Cruise Line news, CEO Rio Frank J. Del sold 3,077 shares of the firm’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $55.99, for a total transaction of $172,281.23. Following the transaction, the chief executive officer now owns 308,967 shares of the company’s stock, valued at approximately $17,299,062.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 9,231 shares of company stock worth $488,443 in the last three months. Insiders own 0.98% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Glen Harbor Capital Management LLC increased its position in Norwegian Cruise Line by 192.7% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 24,544 shares of the company’s stock valued at $1,160,000 after purchasing an additional 16,160 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in shares of Norwegian Cruise Line by 158.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 99,600 shares of the company’s stock valued at $4,706,000 after buying an additional 61,126 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Norwegian Cruise Line by 14.2% in the 1st quarter. Principal Financial Group Inc. now owns 314,962 shares of the company’s stock valued at $16,683,000 after buying an additional 39,113 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of Norwegian Cruise Line in the 2nd quarter valued at about $273,000. Finally, Mork Capital Management LLC boosted its holdings in shares of Norwegian Cruise Line by 37.3% in the 2nd quarter. Mork Capital Management LLC now owns 41,200 shares of the company’s stock valued at $1,947,000 after buying an additional 11,200 shares in the last quarter. 88.85% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Norwegian Cruise Line (NASDAQ:NCLH)

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