TD Cowen upgrades Norwegian Cruise Line to strong buy
Quarterly earnings exceeded the analyst consensus estimate, while revenue was slightly below the analyst estimate.
TD Cowen upgraded Norwegian Cruise Line Holdings to a strong-buy rating in a research note issued Tuesday, according to Zacks. MarketBeat reported that the company had an average analyst rating of hold and a consensus target price of $20.95.
Norwegian Cruise Line stock opened at $14.54 on Tuesday. The company reported quarterly earnings per share of $0.48, exceeding the analyst consensus estimate of $0.41 by $0.07 per share.
The cruise company reported quarterly revenue of $2.64 billion. Analysts had estimated revenue of $2.65 billion for the quarter.
The report also stated that hedge funds and other institutional investors owned 69.58% of Norwegian Cruise Line stock.
