Norwegian Cruise Line Holdings Ltd (NCLH) is Downgraded by UBS to Neutral, Lowers Price Target to $ 42

Norwegian Cruise Line Holdings Ltd (NCLH) was Downgraded by UBS to ” Neutral” while Lowering the Price Target of the company shares to $ 42 from a previous price target of $54 . Earlier the firm had a rating of “Buy ” on the company shares. UBS advised their investors in a research report released on Oct 5, 2016.

Many Wall Street Analysts have commented on Norwegian Cruise Line Holdings Ltd. Norwegian Cruise Line Holdings Ltd was Initiated by Macquarie to “Neutral” on Oct 4, 2016. Shares were Reiterated by Wedbush on Aug 10, 2016 to “Outperform” and Lowered the Price Target to $ 53 from a previous price target of $59 .Shares were Reiterated by Stifel on Aug 10, 2016 to “Buy” and Lowered the Price Target to $ 51 from a previous price target of $55 .

On the company’s financial health, Norwegian Cruise Line Holdings Ltd reported $0.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.83. The company had revenue of $1186.80 million for the quarter, compared to analysts expectations of $1219.05 million. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS.

Norwegian Cruise Line Holdings Ltd opened for trading at $37.31 and hit $38.14 on the upside on Tuesday, eventually ending the session at $38.05, with a gain of 0.71% or 0.27 points. The heightened volatility saw the trading volume jump to 14,99,557 shares. Company has a market cap of $8,642 M.

In a different news, on Sep 6, 2016, T. Robin Lindsay (EVP, Vessel Operations) purchased 12,000 shares at $35.90 per share price. According to the SEC, on Aug 31, 2016, Rio Frank J Del (CEO) purchased 83,498 shares at $35.93 per share price. On Mar 14, 2016, Daniel S Farkas (SVP Gen. Counsel & Asst. Sec’y) sold 39,070 shares at $47.58 per share price, according to the Form-4 filing with the securities and exchange commission.

Norwegian Cruise Line Holdings Ltd. is a diversified cruise operator. The Company operates cruise lines under the Norwegian Oceania and Regent brands. Norwegian offers cruises ranging in length from one day to three weeks. Each of Norwegian’s 13 ships has been built to consistently deliver the Freestyle Cruising product offering. Freestyle Cruising offers flexibility and choice to its guests who prefer to dine when they want with whomever they want and without having to dress formally. Oceania operates a fleet of five mid-size ships in the upper-premium cruise segment offering personalized service and elegant accommodations. Regent offers a luxury all-inclusive cruise vacation experience including free air transportation a pre-cruise hotel night stay wines and liquors gratuities and unlimited shore excursions.

Norwegian Cruise Line Holdings Ltd

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