Norwegian Cruise Line Holdings Ltd. (NCLH) Given Consensus Rating of “Buy” by Brokerages

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) has earned an average rating of “Buy” from the nineteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $63.71.

A number of research firms recently weighed in on NCLH. Argus began coverage on shares of Norwegian Cruise Line in a research report on Wednesday, October 25th. They set a “buy” rating and a $68.00 price objective for the company. Wedbush set a $65.00 price target on shares of Norwegian Cruise Line and gave the company a “buy” rating in a research report on Sunday, November 12th. Barclays raised their price target on shares of Norwegian Cruise Line from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, November 10th. Morgan Stanley raised their price target on shares of Norwegian Cruise Line from $58.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, November 10th. Finally, SunTrust Banks raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research report on Wednesday, January 17th.

Norwegian Cruise Line (NCLH) traded up $1.32 during trading hours on Friday, hitting $60.93. 1,319,471 shares of the company were exchanged, compared to its average volume of 1,820,000. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.34 and a quick ratio of 0.31. The stock has a market cap of $13,920.00, a PE ratio of 19.04, a P/E/G ratio of 0.56 and a beta of 1.09. Norwegian Cruise Line has a 1 year low of $46.83 and a 1 year high of $61.48.

Norwegian Cruise Line (NASDAQ:NCLH) last posted its quarterly earnings data on Thursday, November 9th. The company reported $1.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.04. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Norwegian Cruise Line had a net margin of 13.91% and a return on equity of 16.97%. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the company posted $1.62 EPS. equities analysts predict that Norwegian Cruise Line will post 3.66 earnings per share for the current year.

In other news, CEO Jason Montague sold 15,000 shares of Norwegian Cruise Line stock in a transaction on Monday, November 13th. The shares were sold at an average price of $55.08, for a total transaction of $826,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of Norwegian Cruise Line stock in a transaction on Monday, November 20th. The stock was sold at an average price of $54.11, for a total transaction of $270,550,000.00. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in NCLH. Janus Henderson Group PLC lifted its position in shares of Norwegian Cruise Line by 2,659.1% during the 2nd quarter. Janus Henderson Group PLC now owns 7,409,748 shares of the company’s stock worth $402,275,000 after purchasing an additional 7,141,190 shares during the last quarter. DSM Capital Partners LLC lifted its position in shares of Norwegian Cruise Line by 106.1% during the 3rd quarter. DSM Capital Partners LLC now owns 3,591,761 shares of the company’s stock worth $194,135,000 after purchasing an additional 1,848,761 shares during the last quarter. Capital Growth Management LP purchased a new stake in shares of Norwegian Cruise Line during the 3rd quarter worth $65,941,000. Fred Alger Management Inc. purchased a new stake in shares of Norwegian Cruise Line during the 2nd quarter worth $63,312,000. Finally, Columbus Circle Investors purchased a new stake in shares of Norwegian Cruise Line during the 3rd quarter worth $44,026,000. 88.85% of the stock is owned by institutional investors and hedge funds.

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Norwegian Cruise Line 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 (NASDAQ:NCLH)

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