Norwegian Cruise Line Holdings Ltd (NCLH) was Downgraded by Wedbush to ” Neutral” while Lowering the Price Target of the company shares to $ 45 from a previous price target of $53 . Earlier the firm had a rating of “Outperform ” on the company shares. Wedbush advised their investors in a research report released on Oct 14, 2016.
Many Wall Street Analysts have commented on Norwegian Cruise Line Holdings Ltd. Shares were Downgraded by UBS on Oct 5, 2016 to ” Neutral” and Lowered the Price Target to $ 42 from a previous price target of $54 .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 .
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 closed down -0.53 points or -1.38% at $37.95 with 17,47,770 shares getting traded on Tuesday. Post opening the session at $38.51, the shares hit an intraday low of $37.69 and an intraday high of $38.52 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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 Norwegians 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.