Wells Fargo has downgraded Norwegian Cruise Line Holdings (NCLH) recently. Simultaneously, the company's EVP sold over $540k of his shares signaling lower confidence. Despite these events, some financial experts argue that the company is still undervalued. Share prices of NCLH surged 4.1% and even saw an increase in post-earnings by 2.9%. NCLH is listed among the top three cruise line stocks promising near-term growth. The firm's CEO, Harry Sommer, also sold shares worth over $450k, but overall, institutional investors still hold a 73% stake in the company. Recent results exceeded the market's initial forecasts sparking increased investor attention. NCLH made significant contributions to flood relief efforts in Juneau, Alaska, and maintained a strong financial performance for Q2 2024. Nevertheless, downside risks were observed with misses on EPS by 15% and Q1 revenue estimates. On a brighter note, the firm is proceeding with long-term fleet expansion and enhancements for Great Stirrup Cay. The company's stock has been upgraded with strong reasoning behind the move, and experts suggest retaining the stocks with significant upside remaining. Finally, the company boosts its profit outlook again despite decelerating rates of its return.
Norwegian Cruise Line Holdings Ltd s NCLH News Analytics from Fri, 29 Jun 2018 19:13:52 GMT to Fri, 30 Aug 2024 15:31:42 GMT -
Rating 5
- Innovation 2
- Information 7
- Rumor -5
