Norwegian Cruise Line Holdings Ltd. (NCLH) Stock Rating Reaffirmed by Stifel Nicolaus

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH)‘s stock had its “buy” rating reaffirmed by stock analysts at Stifel Nicolaus in a report released on Thursday. They currently have a $69.00 price target on the stock. Stifel Nicolaus’ price target suggests a potential upside of 17.35% from the company’s current price.

Several other research analysts have also commented on the stock. Zacks Investment Research lowered shares of Norwegian Cruise Line Holdings from a “hold” rating to a “sell” rating in a report on Wednesday. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $64.00 target price (up from $60.00) on shares of Norwegian Cruise Line Holdings in a research note on Tuesday, August 15th. UBS AG reissued a “neutral” rating and set a $60.00 target price (up from $51.00) on shares of Norwegian Cruise Line Holdings in a research note on Thursday, August 10th. Barclays PLC boosted their target price on shares of Norwegian Cruise Line Holdings from $59.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, August 10th. Finally, Deutsche Bank AG boosted their target price on shares of Norwegian Cruise Line Holdings from $53.00 to $59.00 and gave the company a “hold” rating in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $60.00.

Shares of Norwegian Cruise Line Holdings (NCLH) opened at 58.80 on Thursday. The stock has a market capitalization of $13.42 billion, a PE ratio of 19.87 and a beta of 1.12. The stock has a 50 day moving average of $56.52 and a 200-day moving average of $53.90. Norwegian Cruise Line Holdings has a one year low of $35.21 and a one year high of $61.48.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.05. Norwegian Cruise Line Holdings had a net margin of 13.22% and a return on equity of 16.65%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the business posted $0.85 EPS. The company’s quarterly revenue was up 13.3% on a year-over-year basis. Equities analysts predict that Norwegian Cruise Line Holdings will post $3.98 earnings per share for the current fiscal year.

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In other news, major shareholder Apollo Management Holdings Gp, sold 5,625,000 shares of Norwegian Cruise Line Holdings stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $54.57, for a total value of $306,956,250.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Harry Sommer sold 11,807 shares of Norwegian Cruise Line Holdings stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $58.42, for a total transaction of $689,764.94. Following the completion of the transaction, the executive vice president now directly owns 42,195 shares in the company, valued at $2,465,031.90. The disclosure for this sale can be found here. Company insiders own 0.98% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Norwegian Cruise Line Holdings by 3.5% in the second quarter. Vanguard Group Inc. now owns 12,863,375 shares of the company’s stock worth $698,352,000 after acquiring an additional 431,979 shares in the last quarter. Capital International Investors increased its position in shares of Norwegian Cruise Line Holdings by 2.3% in the second quarter. Capital International Investors now owns 10,443,697 shares of the company’s stock worth $566,988,000 after acquiring an additional 237,338 shares in the last quarter. Capital World Investors increased its position in shares of Norwegian Cruise Line Holdings by 6.0% in the second quarter. Capital World Investors now owns 10,004,516 shares of the company’s stock worth $543,145,000 after acquiring an additional 569,196 shares in the last quarter. Janus Capital Management LLC increased its position in shares of Norwegian Cruise Line Holdings by 14.3% in the first quarter. Janus Capital Management LLC now owns 8,019,411 shares of the company’s stock worth $406,820,000 after acquiring an additional 1,001,491 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of Norwegian Cruise Line Holdings by 4,913.5% in the first quarter. BlackRock Inc. now owns 7,568,962 shares of the company’s stock worth $383,975,000 after acquiring an additional 7,417,990 shares in the last quarter. 85.80% of the stock is currently owned by institutional investors and hedge funds.

Norwegian Cruise Line Holdings 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.

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

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