Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a research note issued to investors on Wednesday. They currently have a $65.00 target price on the stock. Berenberg Bank’s price objective would indicate a potential upside of 20.68% from the company’s previous close.

A number of other research firms have also weighed in on NCLH. Wedbush increased their price objective on Norwegian Cruise Line Holdings from $48.00 to $53.00 and gave the company a “neutral” rating in a research note on Thursday, May 11th. Zacks Investment Research raised Norwegian Cruise Line Holdings from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Wednesday, April 26th. ValuEngine raised Norwegian Cruise Line Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, June 1st. Finally, Citigroup Inc. increased their price objective on Norwegian Cruise Line Holdings from $48.00 to $59.00 and gave the company a “buy” rating in a research note on Monday, March 6th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $51.38.

Norwegian Cruise Line Holdings (NCLH) traded up 2.64% during midday trading on Wednesday, reaching $55.28. 1,012,373 shares of the company traded hands. The company has a market capitalization of $12.60 billion, a price-to-earnings ratio of 20.26 and a beta of 1.17. Norwegian Cruise Line Holdings has a one year low of $34.16 and a one year high of $56.29. The stock’s 50 day moving average is $51.77 and its 200 day moving average is $48.89.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last released its quarterly earnings data on Wednesday, May 10th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. Norwegian Cruise Line Holdings had a return on equity of 16.76% and a net margin of 12.57%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 earnings per share. On average, equities analysts anticipate that Norwegian Cruise Line Holdings will post $3.87 earnings per share for the current year.

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In related news, CEO Jason Montague sold 15,000 shares of the firm’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $53.26, for a total value of $798,900.00. Following the completion of the sale, the chief executive officer now owns 72,831 shares of the company’s stock, valued at $3,878,979.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.98% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Norwegian Cruise Line Holdings by 3.6% in the first quarter. Vanguard Group Inc. now owns 12,431,396 shares of the company’s stock worth $630,645,000 after buying an additional 434,493 shares during the last quarter. Janus Capital Management LLC increased its position in 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 buying an additional 1,001,491 shares during the period. BlackRock Inc. increased its position in 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 buying an additional 7,417,990 shares during the period. State Street Corp increased its position in Norwegian Cruise Line Holdings by 2.6% in the first quarter. State Street Corp now owns 2,914,873 shares of the company’s stock worth $147,863,000 after buying an additional 73,722 shares during the period. Finally, UBS Asset Management Americas Inc. increased its position in Norwegian Cruise Line Holdings by 564.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 2,291,967 shares of the company’s stock worth $97,478,000 after buying an additional 1,946,903 shares during the period. 86.07% of the stock is owned by institutional investors.

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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