13 May, 2017
Over the same time span, the stock marked US$56.29 as its best level and the lowest price reached was US$34.16. "The combination of Norwegian's expertise in delivering memorable vacation experiences, Alibaba's insights into Chinese consumer behaviour and our travel agents' knowledge of the preferences of Chinese travellers will create a cruise product unequalled in China". It offers cruise itineraries in various locations, including destinations in the Caribbean, Bermuda, the Bahamas, Mexico, Alaska, Europe, Hawaii, New England, Central America, North Africa, and Scandinavia. The stock's market capitalization is 12.29B. Norwegian Cruise Line Holdings Ltd. (NCLH) has made its way to a 12-month gain of 15.31%.
02/23/2017 - Norwegian Cruise Line Holdings Ltd. had its "neutral" rating reiterated by analysts at Wedbush. Stifel Nicolaus reissued a "buy" rating and issued a $60.00 price target (up from $48.00) on shares of Norwegian Cruise Line Holdings in a research report on Thursday, February 23rd. Out of 15 Wall Street analysts rating Norwegian Cruise Line, 6 give it "Buy", 0 "Sell" rating, while 9 recommend "Hold". Finally, SunTrust Banks, Inc. boosted their price target on Norwegian Cruise Line Holdings from $43.00 to $54.00 and gave the company a "hold" rating in a research note on Friday, February 24th. The forecast of 10 surveyed investment analysts covering the stock advises investors to Buy stake in the company. Cantor Fitzgerald downgraded the stock to "Hold" rating in Monday, August 10 report. Norwegian Cruise Line had 30 analyst reports since August 5, 2015 according to SRatingsIntel. Shares are trading 5.95% above their 50-day moving average, and 24.00% below their 200-day moving average. The stock has a market cap of $12.61 billion, a price-to-earnings ratio of 19.96 and a beta of 1.16. Growth in EPS is an important measure of management performance because it shows how much money the company is making for it's shareholders, not only due to changes in profit, but also after all the effects of issuance of new shares (this is especially important when the growth comes as a result of acquisition). The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. Norwegian Cruise Line Holdings's revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 EPS. Zacks Investment Research's sales calculations are an average based on a survey of analysts that that provide coverage for Norwegian Cruise Line Holdings.
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NCLH has been the subject of several research analyst reports. The company's institutional ownership is monitored at 92.2 percent. Its last month's stock price volatility remained 4.04% which for the week approaches 3.01%. Typically, they estimate what the company's earnings and cash flow will be for the next couple of years, and then apply a ratio - such as a price-to-earnings ratio - to those estimates to determine what the future stock price should theoretically be.
The 52-week high for Norwegian Cruise Line Holdings Ltd. stands at -1.90% while the 52-week low stands at 61.66%. Livforsakringsbolaget Skandia Omsesidigt invested 0.01% of its portfolio in Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH). The stock's average target of $52.25 is -5.40% below today's ($55.23) share price. Capital Guardian Trust Co. bought a new position in shares of Norwegian Cruise Line Holdings during the fourth quarter valued at about $108,902,000. The Illinois-based Northern Tru has invested 0.01% in Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH). State Street Corp now owns 2,841,151 shares of the company's stock worth $120,846,000 after buying an additional 18,599 shares during the period.
Other hedge funds also recently modified their holdings of the company.
"We are pleased to partner with Norwegian Cruise Line on this tremendous initiative", said Michael Evans, President of Alibaba Group, in the press release.
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