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Fly News Breaks for June 21, 2019
CCL, NCLH
Jun 21, 2019 | 07:15 EDT
Stifel analyst Steven Wieczynski said he believes Norwegian Cruise Line (NCLH) seems immune to some of the Alaska and European issues pressuring others in the industry and that its overall business continues to perform solidly. After recently having spent time with the management team, he remains confident in their ability to deliver on the objectives laid out at their 2018 analyst day and he believes the pullback in the stock following yesterday's earnings report disappointment from Carnival (CCL) presents investors with a "great time to build positions in the name," Wieczynski said. He keeps a Buy rating and $71 target price on Norwegian Cruise shares. In a separate note about Carnival's report, Wieczynski said he continues to favor other cruise operators in the near-term as he gets "impatient" with Carnival, be he still sees value in its shares over the longer-term. Even after lowering his estimates, he believes Carnival's multiple "is compelling enough" to warrant maintaining a Buy rating on the stock, though Wieczynski cut his price target on the stock to $57 from $65.
News For NCLH;CCL From the Last 2 Days
NCLH
May 1, 2024 | 08:55 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly. HIGHER - Johnson... To see the rest of the story go to thefly.com. See Story Here
NCLH
May 1, 2024 | 07:38 EDT
Sees adjusted EBITDA approx. $555M. Sees occupancy approx. 105.7%.
NCLH
May 1, 2024 | 07:36 EDT
Consensus $1.30. Record bookings during the first quarter, drove a record booked position for the next twelve months. 2024 full year Net Yield guidance on a Constant Currency basis increased 100 basis points from the prior guidance to approximately 6.4% from 5.4%. 2024 full year Adjusted EBITDA guidance increased $50 million from the prior guidance to approximately $2.25 billion from $2.20 billion. Full year Adjusted Net Income guidance increased $45 million from prior guidance to $680 million from $635 million, and Adjusted EPS guidance increased $0.09 from prior guidance to $1.32 from $1.23.