New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 5, 2014
13:50 EDTNCLHGenting filing adds overhang for Norwegian Cruise Line, says Wells Fargo
Wells Fargo notes that Norwegian Cruise Line shareholder Genting filed a prospectus prior to the company's own secondary share filing last night and that some investors may be misinterpreting Genting's filing. Wells says its talks with management suggest Genting's filing was driven by Hong Kong regulations and doesn't necessarily mean the stakeholder plans to dispose of all of its 56.81MM share position in the cruise line over the next year. However, the firm says the filing from Genting could add to overhang concerns on Norwegian in the near term.
News For NCLH From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 25, 2015
10:59 EDTNCLHHSBC sees Carnival revenue yield topping guidance, starts at buy
HSBC initiated coverage of cruise operator Carnival (CCL) with a Buy rating, saying that the company's net revenue yield should surpass its guidance. WHAT'S NEW: Increases in Carnival's on-board revenue, combined with its greater price discipline, should enable the cruise operator's net revenue yield to beat expectations going forward, according to HSBC analyst Lena Thakkar. Other factors that should help the company's net revenue yield grow faster than that of its peers include its expansion in China, its major marketing push and new destinations it has added, according to Thakkar. Moreover, Carnival can reduce its costs that are currently "uncoordinated," including flights and hotels for its crews and its port costs, Thakkar believes. The cruise operator may beat its guidance for a "slight increase" in its costs next year, predicted the analyst, who set a $60 price target on the shares. OTHERS TO WATCH: Other prominent cruise operators include Royal Caribbean (RCL) and Norwegian Cruise Line (NCLH). PRICE ACTION: In late morning trading, Carnival rose 1.4% to $51.09.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use