Norwegian Cruise Line Holdings Ltd. (NCLH) Given a $65.00 Price Target at Wedbush
Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) received a $65.00 target price from research analysts at Wedbush in a research note issued on Sunday. The brokerage presently has a “buy” rating on the stock. Wedbush’s price target suggests a potential upside of 17.77% from the stock’s previous close.
Several other brokerages have also recently issued reports on NCLH. Deutsche Bank AG lifted their target price on shares of Norwegian Cruise Line Holdings from $53.00 to $59.00 and gave the stock a “hold” rating in a research note on Wednesday, August 9th. Barclays PLC lifted their target price on shares of Norwegian Cruise Line Holdings from $59.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, August 10th. Bank of America Corporation initiated coverage on shares of Norwegian Cruise Line Holdings in a research note on Monday, July 24th. They set a “buy” rating and a $65.00 target price on the stock. Zacks Investment Research cut shares of Norwegian Cruise Line Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $69.00 target price on shares of Norwegian Cruise Line Holdings in a research note on Thursday, October 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. Norwegian Cruise Line Holdings has an average rating of “Buy” and a consensus target price of $62.80.
Norwegian Cruise Line Holdings (NASDAQ:NCLH) traded down $0.04 during trading on Friday, reaching $55.19. 1,045,221 shares of the company were exchanged, compared to its average volume of 1,855,913. The stock has a market capitalization of $12,560.00, a P/E ratio of 15.13, a price-to-earnings-growth ratio of 0.56 and a beta of 1.12. The company has a current ratio of 0.34, a quick ratio of 0.31 and a debt-to-equity ratio of 1.08. Norwegian Cruise Line Holdings has a 52 week low of $37.07 and a 52 week high of $61.48.
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In related news, major shareholder Apollo Management Holdings Gp, sold 5,625,000 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $54.57, for a total transaction of $306,956,250.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Harry Sommer sold 11,807 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $58.42, for a total value of $689,764.94. Following the sale, the executive vice president now directly owns 42,195 shares in the company, valued at approximately $2,465,031.90. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in the stock. Aviance Capital Management LLC acquired a new position in shares of Norwegian Cruise Line Holdings in the 2nd quarter worth approximately $103,000. Toronto Dominion Bank boosted its position in Norwegian Cruise Line Holdings by 12.4% during the 2nd quarter. Toronto Dominion Bank now owns 1,956 shares of the company’s stock valued at $106,000 after purchasing an additional 216 shares during the period. BB&T Investment Services Inc. acquired a new position in Norwegian Cruise Line Holdings during the 2nd quarter valued at approximately $121,000. Quantbot Technologies LP acquired a new position in Norwegian Cruise Line Holdings during the 1st quarter valued at approximately $116,000. Finally, Seven Eight Capital LP bought a new stake in Norwegian Cruise Line Holdings during the 4th quarter valued at $110,000. Institutional investors and hedge funds own 86.19% of the company’s stock.
About Norwegian Cruise Line Holdings
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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