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UPDATE: Nomura Upgrades Norwegian Cruise Line Holdings to Buy on Growth Outlook

Earnings Scheduled For May 10, 2017
Cruise Line Stocks Rally Amid Report Of Possible Takeover Interest From HNA

Nomura upgraded Norwegian Cruise Line Holdings (NASDAQ: NCLH) from Neutral to Buy and raised the price target from $30.00 to $35.00.

Nomura noted, "When we initially rated NCLH Neutral on 1/23/13, our thesis was that the stock‟s 41% rise from its IPO price of $19 adequately reflected the company‟s earnings power through 2014. Last night‟s 4Q12 earnings release and 2013 yield outlook indicate stronger pricing power and earnings momentum than we had thought. In 18 months, we now believe the stock can reach $38.50, discounted back to a 12-month target of $35/share, 23% above NCLH‟s after-market indication. NCLH‟s yield guidance range of 3.5%-5.5% is probably stronger than most investors thought likely. From 2012 through 2015, we estimate NCLH‟s CAGR EPS in excess of 50% owing to its outsized unit growth, rising margins, and pricing power."

Norwegian Cruise Line Holdings closed at $27.68 on Monday.

Latest Ratings for NCLH

Dec 2016Goldman SachsInitiates Coverage OnNeutral
Dec 2016Morgan StanleyInitiates Coverage OnEqual-Weight
Nov 2016BernsteinDowngradesOutperformMarket Perform

View More Analyst Ratings for NCLH
View the Latest Analyst Ratings

Posted-In: NomuraAnalyst Color Upgrades Analyst Ratings


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