Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) was upgraded by equities researchers at Wedbush from a “neutral” rating to an “outperform” rating in a research report issued on Friday.

NCLH has been the subject of several other reports. SunTrust Banks, Inc. lifted their target price on Norwegian Cruise Line Holdings from $43.00 to $54.00 and gave the stock a “hold” rating in a research report on Friday, February 24th. Citigroup Inc lifted their target price on Norwegian Cruise Line Holdings from $48.00 to $59.00 and gave the stock a “buy” rating in a research report on Monday, March 6th. Morgan Stanley reiterated an “equal weight” rating and set a $49.00 target price (up from $46.00) on shares of Norwegian Cruise Line Holdings in a research report on Thursday, February 23rd. Zacks Investment Research upgraded Norwegian Cruise Line Holdings from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research report on Wednesday, February 15th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $60.00 target price (up from $48.00) on shares of Norwegian Cruise Line Holdings in a research report on Thursday, February 23rd. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $50.38.

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

Shares of Norwegian Cruise Line Holdings (NASDAQ:NCLH) traded up 0.65% on Friday, reaching $51.01. 1,342,810 shares of the company’s stock traded hands. The firm has a market cap of $11.63 billion, a P/E ratio of 18.69 and a beta of 1.16. The stock has a 50-day moving average of $51.19 and a 200 day moving average of $47.28. Norwegian Cruise Line Holdings has a 12-month low of $34.16 and a 12-month high of $56.29.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last released its earnings results on Wednesday, May 10th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.03. Norwegian Cruise Line Holdings had a return on equity of 17.60% and a net margin of 12.52%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the company earned $0.38 earnings per share. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, equities research analysts expect that Norwegian Cruise Line Holdings will post $3.87 earnings per share for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Seven Eight Capital LP purchased a new position in Norwegian Cruise Line Holdings during the fourth quarter worth about $110,000. Quantbot Technologies LP purchased a new position in Norwegian Cruise Line Holdings during the first quarter worth about $116,000. Acadian Asset Management LLC purchased a new position in Norwegian Cruise Line Holdings during the first quarter worth about $146,000. Mn Services Vermogensbeheer B.V. increased its position in Norwegian Cruise Line Holdings by 6.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,241 shares of the company’s stock worth $201,000 after buying an additional 266 shares in the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new position in Norwegian Cruise Line Holdings during the first quarter worth about $203,000. Hedge funds and other institutional investors own 87.57% of the company’s stock.

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.

12 Month Chart for NASDAQ:NCLH

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