Brokerages Set Norwegian Cruise Line Holdings Ltd. (NCLH) PT at $62.80

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) has received a consensus recommendation of “Buy” from the eighteen research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $62.80.

A number of research firms recently issued reports on NCLH. Barclays PLC boosted their price objective on Norwegian Cruise Line Holdings from $59.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. Wedbush set a $65.00 price objective on Norwegian Cruise Line Holdings and gave the company a “buy” rating in a report on Sunday. Stifel Nicolaus restated a “buy” rating on shares of Norwegian Cruise Line Holdings in a report on Thursday, August 10th. Buckingham Research boosted their price objective on Norwegian Cruise Line Holdings from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. Finally, Nomura boosted their price objective on Norwegian Cruise Line Holdings from $62.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, August 9th.

In related news, CEO Jason Montague sold 15,000 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $55.08, for a total transaction of $826,200.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.98% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. IFM Investors Pty Ltd acquired a new position in Norwegian Cruise Line Holdings during the 3rd quarter valued at about $259,000. Guardian Capital LP purchased a new stake in Norwegian Cruise Line Holdings during the 3rd quarter valued at about $254,000. California Public Employees Retirement System grew its stake in Norwegian Cruise Line Holdings by 12.4% during the 3rd quarter. California Public Employees Retirement System now owns 293,362 shares of the company’s stock valued at $15,856,000 after purchasing an additional 32,362 shares during the last quarter. Kalos Management Inc. grew its stake in Norwegian Cruise Line Holdings by 16.1% during the 3rd quarter. Kalos Management Inc. now owns 12,254 shares of the company’s stock valued at $662,000 after purchasing an additional 1,699 shares during the last quarter. Finally, Highbridge Capital Management LLC purchased a new stake in Norwegian Cruise Line Holdings during the 3rd quarter valued at about $7,525,000. 86.19% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “Brokerages Set Norwegian Cruise Line Holdings Ltd. (NCLH) PT at $62.80” was posted by Transcript Daily and is owned by of Transcript Daily. If you are viewing this report on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The original version of this report can be accessed at https://transcriptdaily.com/2017/11/17/brokerages-set-norwegian-cruise-line-holdings-ltd-nclh-pt-at-62-80.html.

Shares of Norwegian Cruise Line Holdings (NCLH) traded down $1.10 during trading on Monday, hitting $53.97. The stock had a trading volume of 6,225,198 shares, compared to its average volume of 1,870,295. The stock has a market cap of $12,330.00, a PE ratio of 15.10, a price-to-earnings-growth ratio of 0.58 and a beta of 1.12. The company has a current ratio of 0.34, a quick ratio of 0.31 and a debt-to-equity ratio of 1.08. Norwegian Cruise Line Holdings has a 12-month low of $38.66 and a 12-month high of $61.48.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last announced its earnings results on Thursday, November 9th. The company reported $1.86 EPS for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.04. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Norwegian Cruise Line Holdings had a return on equity of 16.97% and a net margin of 13.91%. The company’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.62 EPS. equities analysts expect that Norwegian Cruise Line Holdings will post 3.69 EPS for the current year.

About Norwegian Cruise Line Holdings

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.

Analyst Recommendations for Norwegian Cruise Line Holdings (NASDAQ:NCLH)

Receive News & Ratings for Norwegian Cruise Line Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwegian Cruise Line Holdings Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply