Shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) have been assigned an average rating of “Hold” from the nineteen research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $63.07.
A number of equities analysts recently issued reports on the company. Argus assumed coverage on Norwegian Cruise Line in a research note on Wednesday, October 25th. They issued a “buy” rating and a $68.00 target price for the company. Wedbush set a $65.00 target price on Norwegian Cruise Line and gave the stock a “buy” rating in a research note on Sunday, November 12th. Barclays raised their target price on Norwegian Cruise Line from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Friday, November 10th. Morgan Stanley raised their target price on Norwegian Cruise Line from $58.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, November 10th. Finally, Macquarie lowered Norwegian Cruise Line from a “neutral” rating to an “underperform” rating and set a $47.00 target price for the company. in a research note on Thursday, November 30th.
In other news, CEO Jason Montague sold 15,000 shares of the firm’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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $54.11, for a total value of $270,550,000.00. The disclosure for this sale can be found here. 0.98% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of the company. QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in Norwegian Cruise Line in the 4th quarter worth about $628,000. Aurora Investment Counsel acquired a new stake in Norwegian Cruise Line in the 4th quarter worth about $1,501,000. GSA Capital Partners LLP boosted its holdings in Norwegian Cruise Line by 81.6% in the 3rd quarter. GSA Capital Partners LLP now owns 26,588 shares of the company’s stock worth $1,437,000 after buying an additional 11,946 shares during the last quarter. IFM Investors Pty Ltd acquired a new stake in Norwegian Cruise Line in the 3rd quarter worth about $259,000. Finally, Guardian Capital LP acquired a new stake in Norwegian Cruise Line in the 3rd quarter worth about $254,000. Hedge funds and other institutional investors own 88.85% of the company’s stock.
Norwegian Cruise Line (NCLH) traded up $0.18 during trading on Tuesday, hitting $54.87. The stock had a trading volume of 1,180,000 shares, compared to its average volume of 1,720,000. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.34 and a quick ratio of 0.31. The firm has a market cap of $12,540.00, a PE ratio of 17.15, a price-to-earnings-growth ratio of 0.56 and a beta of 1.09. Norwegian Cruise Line has a 52-week low of $43.90 and a 52-week high of $61.48.
Norwegian Cruise Line (NASDAQ:NCLH) last posted its quarterly earnings data on Thursday, November 9th. The company reported $1.86 earnings per share 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 had a return on equity of 16.97% and a net margin of 13.91%. The business’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.62 EPS. equities research analysts forecast that Norwegian Cruise Line will post 3.66 EPS for the current year.
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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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