Research analysts at Bank of America Corporation assumed coverage on shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) in a research note issued on Monday. The firm set a “buy” rating and a $65.00 price target on the stock. Bank of America Corporation’s price target would indicate a potential upside of 18.03% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. ValuEngine raised Norwegian Cruise Line Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, June 1st. Berenberg Bank reissued a “buy” rating and set a $65.00 price objective on shares of Norwegian Cruise Line Holdings in a research report on Wednesday, June 28th. Wedbush raised their price objective on Norwegian Cruise Line Holdings from $48.00 to $53.00 and gave the company a “neutral” rating in a research report 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 report on Wednesday, April 26th. Finally, BidaskClub lowered Norwegian Cruise Line Holdings from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $51.67.

Shares of Norwegian Cruise Line Holdings (NASDAQ NCLH) opened at 55.07 on Monday. Norwegian Cruise Line Holdings has a one year low of $34.16 and a one year high of $56.29. The company has a market capitalization of $12.55 billion, a price-to-earnings ratio of 20.18 and a beta of 1.16. The company’s 50 day moving average is $53.35 and its 200 day moving average is $50.49.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last issued its earnings results on Wednesday, May 10th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.03. Norwegian Cruise Line Holdings had a net margin of 12.57% and a return on equity of 16.76%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the business earned $0.38 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis. Equities research analysts predict that Norwegian Cruise Line Holdings will post $3.88 earnings per share for the current year.

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In other Norwegian Cruise Line Holdings news, CEO Jason Montague sold 15,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 72,831 shares in the company, valued at approximately $3,878,979.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.98% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of NCLH. Nomura Asset Management Co. Ltd. boosted its stake in shares of Norwegian Cruise Line Holdings by 0.3% in the first quarter. Nomura Asset Management Co. Ltd. now owns 20,900 shares of the company’s stock valued at $1,060,000 after buying an additional 64 shares during the period. Amalgamated Bank raised its stake in Norwegian Cruise Line Holdings by 2.4% in the first quarter. Amalgamated Bank now owns 8,718 shares of the company’s stock valued at $442,000 after buying an additional 202 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake 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 valued at $201,000 after buying an additional 266 shares during the last quarter. World Asset Management Inc raised its stake in Norwegian Cruise Line Holdings by 5.0% in the first quarter. World Asset Management Inc now owns 6,006 shares of the company’s stock valued at $305,000 after buying an additional 288 shares during the last quarter. Finally, Creative Planning raised its stake in Norwegian Cruise Line Holdings by 8.1% in the second quarter. Creative Planning now owns 4,322 shares of the company’s stock valued at $235,000 after buying an additional 322 shares during the last quarter. Institutional investors and hedge funds own 86.08% 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.

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

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