Norwegian Cruise Line (NCLH) Stock Rating Upgraded by Deutsche Bank

Deutsche Bank upgraded shares of Norwegian Cruise Line (NASDAQ:NCLH) from a hold rating to a buy rating in a research report report published on Wednesday, Marketbeat reports. Deutsche Bank currently has $66.00 price target on the stock.

Other equities analysts have also issued research reports about the company. Morgan Stanley increased their target price on Norwegian Cruise Line from $62.00 to $64.00 and gave the stock an equal weight rating in a research note on Friday, February 2nd. BidaskClub upgraded Norwegian Cruise Line from a hold rating to a buy rating in a research note on Friday, February 2nd. SunTrust Banks raised Norwegian Cruise Line from a hold rating to a buy rating in a research report on Wednesday, January 17th. JPMorgan Chase raised Norwegian Cruise Line from a neutral rating to an overweight rating in a research report on Monday, February 5th. Finally, Zacks Investment Research raised Norwegian Cruise Line from a hold rating to a buy rating and set a $62.00 price target on the stock in a research report on Thursday, January 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $64.86.

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Shares of NASDAQ NCLH opened at $55.65 on Wednesday. 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 1-year low of $47.76 and a 1-year high of $61.48.

Norwegian Cruise Line (NASDAQ:NCLH) last announced its earnings results on Thursday, February 22nd. The company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.05. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.25 billion. Norwegian Cruise Line had a return on equity of 16.97% and a net margin of 13.91%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.56 earnings per share. analysts forecast that Norwegian Cruise Line will post 3.66 earnings per share for the current year.

In other Norwegian Cruise Line news, major shareholder Apollo Management Holdings Gp, sold 9,750,000 shares of the firm’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $56.00, for a total value of $546,000,000.00. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.98% of the company’s stock.

Several hedge funds have recently modified their holdings of the business. Xact Kapitalforvaltning AB boosted its holdings in shares of Norwegian Cruise Line by 5.0% in the 4th quarter. Xact Kapitalforvaltning AB now owns 36,397 shares of the company’s stock valued at $1,938,000 after purchasing an additional 1,725 shares in the last quarter. We Are One Seven LLC acquired a new stake in shares of Norwegian Cruise Line in the 4th quarter valued at $115,000. HM Payson & Co. acquired a new stake in shares of Norwegian Cruise Line in the 4th quarter valued at $1,852,000. Sterling Capital Management LLC boosted its holdings in shares of Norwegian Cruise Line by 2.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,351,495 shares of the company’s stock valued at $71,967,000 after purchasing an additional 26,303 shares in the last quarter. Finally, Gotham Asset Management LLC acquired a new stake in shares of Norwegian Cruise Line in the 4th quarter valued at $804,000. 88.85% 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.

Analyst Recommendations for Norwegian Cruise Line (NASDAQ:NCLH)

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