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Argus Research Initiates Norwegian Cruise(NCLH.US) With Buy Rating

Futu News ·  Nov 4 21:36  · Ratings

Argus Research analyst John Staszak initiates coverage on $Norwegian Cruise (NCLH.US)$ with a buy rating.

According to TipRanks data, the analyst has a success rate of 59.1% and a total average return of 8.0% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $Norwegian Cruise (NCLH.US)$'s main analysts recently are as follows:

  • The momentum of Norwegian Cruise Line remains robust following the earnings report. However, the perception is that the stock may be somewhat overly favored.

  • Norwegian Cruise Line's 'solid' Q3 results were consistent with observations from other cruise companies. The company's continued demand strength and onboard spending have led to an increase in its 2024 EBITDA guidance to $2.425B from $2.35B. This has resulted in 'only modest tweaks' to the forecasts for 2025.

  • Norwegian Cruise Line's third-quarter report indicates that its significant beta contributes to exceptional performance in terms of yields and share response.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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