Brokerages Set Norwegian Cruise Line Holdings Ltd. (NCLH) Target Price at $64.83

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) has been assigned an average recommendation of “Buy” from the seventeen analysts that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $64.83.

Several research firms recently weighed in on NCLH. BidaskClub upgraded shares of Norwegian Cruise Line from a “strong sell” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research upgraded shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Friday, July 20th. Morgan Stanley dropped their target price on shares of Norwegian Cruise Line from $64.00 to $58.00 and set an “equal weight” rating for the company in a report on Tuesday, June 5th. Bank of America set a $72.00 target price on shares of Norwegian Cruise Line and gave the company a “buy” rating in a report on Monday, May 28th. Finally, Deutsche Bank upgraded shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a report on Wednesday, April 18th.

In other Norwegian Cruise Line news, CEO Rio Frank J. Del sold 22,743 shares of the firm’s stock in a transaction that occurred on Tuesday, July 3rd. The shares were sold at an average price of $46.96, for a total value of $1,068,011.28. Following the completion of the transaction, the chief executive officer now owns 357,021 shares of the company’s stock, valued at approximately $16,765,706.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rio Frank J. Del sold 3,077 shares of the firm’s stock in a transaction that occurred on Friday, June 15th. The shares were sold at an average price of $54.34, for a total transaction of $167,204.18. Following the completion of the transaction, the chief executive officer now directly owns 372,831 shares of the company’s stock, valued at approximately $20,259,636.54. The disclosure for this sale can be found here. Insiders sold a total of 28,897 shares of company stock valued at $1,389,742 in the last three months. 0.98% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the business. Piedmont Investment Advisors LLC purchased a new position in Norwegian Cruise Line in the 2nd quarter valued at approximately $114,000. Capital Management Corp VA boosted its position in Norwegian Cruise Line by 2.0% in the 2nd quarter. Capital Management Corp VA now owns 58,540 shares of the company’s stock valued at $2,766,000 after buying an additional 1,125 shares during the period. Kendall Capital Management boosted its position in Norwegian Cruise Line by 12.7% in the 2nd quarter. Kendall Capital Management now owns 10,895 shares of the company’s stock valued at $515,000 after buying an additional 1,225 shares during the period. Lederer & Associates Investment Counsel CA boosted its position in Norwegian Cruise Line by 109.5% in the 2nd quarter. Lederer & Associates Investment Counsel CA now owns 24,145 shares of the company’s stock valued at $1,141,000 after buying an additional 12,620 shares during the period. Finally, BB&T Corp boosted its position in Norwegian Cruise Line by 3.3% in the 2nd quarter. BB&T Corp now owns 133,941 shares of the company’s stock valued at $6,329,000 after buying an additional 4,297 shares during the period. 88.85% of the stock is owned by institutional investors.

Shares of Norwegian Cruise Line traded down $0.29, reaching $49.76, during midday trading on Friday, according to Marketbeat Ratings. 1,236,754 shares of the stock were exchanged, compared to its average volume of 2,023,413. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.31 and a current ratio of 0.34. Norwegian Cruise Line has a twelve month low of $46.16 and a twelve month high of $61.48.

Norwegian Cruise Line (NASDAQ:NCLH) last announced its quarterly earnings results on Wednesday, May 2nd. The company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.06. Norwegian Cruise Line had a net margin of 13.91% and a return on equity of 16.97%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the firm earned $0.40 EPS. The business’s revenue was up 12.4% compared to the same quarter last year. analysts anticipate that Norwegian Cruise Line will post 3.66 EPS for the current fiscal year.

Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. The Company had 25 ships with approximately 50,400 Berths, as of May 1, 2017. The Company’s brands offer itineraries to various destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii.

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Analyst Recommendations for Norwegian Cruise Line (NASDAQ:NCLH)

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