Norwegian Cruise Line (NCLH) Downgraded by BidaskClub to “Sell”

BidaskClub cut shares of Norwegian Cruise Line (NASDAQ:NCLH) from a hold rating to a sell rating in a research report sent to investors on Tuesday.

A number of other equities analysts have also recently issued reports on the company. Macquarie cut Norwegian Cruise Line from a neutral rating to an underperform rating and set a $47.00 target price on the stock. in a report on Thursday, November 30th. Zacks Investment Research cut Norwegian Cruise Line from a hold rating to a sell rating in a report on Wednesday, November 8th. Tigress Financial reiterated a buy rating on shares of Norwegian Cruise Line in a report on Monday, November 27th. Argus started coverage on Norwegian Cruise Line in a report on Wednesday, October 25th. They issued a buy rating and a $68.00 target price on the stock. Finally, Barclays increased their target price on Norwegian Cruise Line from $64.00 to $67.00 and gave the stock an overweight rating in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $63.00.

Shares of Norwegian Cruise Line (NASDAQ:NCLH) traded up $1.69 on Tuesday, hitting $57.85. The company had a trading volume of 2,057,632 shares, compared to its average volume of 1,720,000. Norwegian Cruise Line has a 12 month low of $44.20 and a 12 month high of $61.48. The company has a current ratio of 0.34, a quick ratio of 0.31 and a debt-to-equity ratio of 1.08. The company has a market cap of $13,220.00, a PE ratio of 18.08, a P/E/G ratio of 0.56 and a beta of 1.09.

Norwegian Cruise Line (NASDAQ:NCLH) last issued its earnings results on Thursday, November 9th. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.04. Norwegian Cruise Line had a return on equity of 16.97% and a net margin of 13.91%. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period last year, the business earned $1.62 EPS. Norwegian Cruise Line’s quarterly revenue was up 11.2% compared to the same quarter last year. analysts anticipate that Norwegian Cruise Line will post 3.66 earnings per share for the current fiscal year.

In related news, CEO Jason Montague sold 15,000 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $55.08, for a total value of $826,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $54.11, for a total value of $270,550,000.00. The disclosure for this sale can be found here. Corporate insiders own 0.98% of the company’s stock.

Several institutional investors have recently made changes to their positions in NCLH. Schwab Charles Investment Management Inc. increased its position in shares of Norwegian Cruise Line by 14.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 414,710 shares of the company’s stock valued at $22,515,000 after purchasing an additional 53,621 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Norwegian Cruise Line by 21.2% during the 2nd quarter. Victory Capital Management Inc. now owns 17,933 shares of the company’s stock valued at $974,000 after purchasing an additional 3,138 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Norwegian Cruise Line during the 2nd quarter valued at $197,000. Principal Financial Group Inc. increased its position in shares of Norwegian Cruise Line by 26.6% during the 2nd quarter. Principal Financial Group Inc. now owns 30,182 shares of the company’s stock valued at $1,639,000 after purchasing an additional 6,337 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Norwegian Cruise Line by 116.3% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 88,009 shares of the company’s stock valued at $4,778,000 after purchasing an additional 47,330 shares during the last quarter. 88.85% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “Norwegian Cruise Line (NCLH) Downgraded by BidaskClub to “Sell”” was originally reported by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this story on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this story can be viewed at https://sportsperspectives.com/2018/01/13/norwegian-cruise-line-nclh-downgraded-by-bidaskclub-to-sell.html.

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.

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

Leave a Reply