Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) Receives $64.57 Average PT from Brokerages

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Shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) have been given a consensus recommendation of “Buy” by the nineteen analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $64.57.

A number of research analysts have recently commented on the company. Macquarie set a $65.00 target price on Norwegian Cruise Line and gave the company a “buy” rating in a research report on Friday, October 18th. Zacks Investment Research downgraded Norwegian Cruise Line from a “hold” rating to a “sell” rating and set a $55.00 target price for the company. in a research report on Wednesday, October 30th. Buckingham Research upgraded Norwegian Cruise Line from a “neutral” rating to a “buy” rating and increased their target price for the company from $56.00 to $61.00 in a research report on Friday, August 9th. Nomura reiterated a “buy” rating on shares of Norwegian Cruise Line in a research report on Thursday, October 10th. Finally, Argus set a $68.00 target price on Norwegian Cruise Line and gave the company a “buy” rating in a research report on Wednesday, September 4th.

In related news, CEO Rio Frank J. Del sold 4,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $53.62, for a total transaction of $214,480.00. Following the sale, the chief executive officer now owns 408,407 shares in the company, valued at approximately $21,898,783.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew Stuart sold 12,300 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $50.02, for a total value of $615,246.00. Following the sale, the chief executive officer now owns 356,873 shares in the company, valued at approximately $17,850,787.46. The disclosure for this sale can be found here. Insiders have sold a total of 45,300 shares of company stock worth $2,280,618 in the last 90 days. 0.98% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. State of Michigan Retirement System raised its holdings in Norwegian Cruise Line by 0.4% during the 3rd quarter. State of Michigan Retirement System now owns 51,800 shares of the company’s stock valued at $2,682,000 after buying an additional 200 shares during the period. Crossmark Global Holdings Inc. increased its stake in Norwegian Cruise Line by 1.5% in the second quarter. Crossmark Global Holdings Inc. now owns 18,640 shares of the company’s stock worth $1,000,000 after purchasing an additional 267 shares during the period. Bank of Nova Scotia increased its stake in Norwegian Cruise Line by 0.6% in the second quarter. Bank of Nova Scotia now owns 48,146 shares of the company’s stock worth $2,583,000 after purchasing an additional 306 shares during the period. Motco increased its stake in Norwegian Cruise Line by 168.8% in the third quarter. Motco now owns 500 shares of the company’s stock worth $26,000 after purchasing an additional 314 shares during the period. Finally, IFM Investors Pty Ltd increased its stake in Norwegian Cruise Line by 2.2% in the second quarter. IFM Investors Pty Ltd now owns 14,890 shares of the company’s stock worth $799,000 after purchasing an additional 315 shares during the period. Institutional investors own 88.85% of the company’s stock.

Shares of NASDAQ NCLH traded up $0.10 during midday trading on Friday, reaching $51.92. 1,094,861 shares of the stock traded hands, compared to its average volume of 2,063,490. Norwegian Cruise Line has a one year low of $39.36 and a one year high of $59.71. The company’s 50 day moving average is $50.65 and its 200 day moving average is $52.10.

Norwegian Cruise Line (NASDAQ:NCLH) last posted its earnings results on Thursday, November 7th. The company reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.08. The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.89 billion. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.27 earnings per share.

About Norwegian Cruise Line

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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