Norwegian Cruise Line (NCLH) PT Raised to $64.00

Norwegian Cruise Line (NASDAQ:NCLH) had its target price raised by investment analysts at Morgan Stanley from $62.00 to $64.00 in a research report issued on Friday. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 8.47% from the stock’s current price.

NCLH has been the subject of a number of other reports. Zacks Investment Research lowered Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Stifel Nicolaus reiterated a “buy” rating and issued a $67.00 price objective (down from $69.00) on shares of Norwegian Cruise Line in a research report on Thursday, October 19th. Tigress Financial reiterated a “buy” rating on shares of Norwegian Cruise Line in a research report on Monday, November 27th. Macquarie lowered Norwegian Cruise Line from a “neutral” rating to an “underperform” rating and set a $47.00 price objective for the company. in a research report on Thursday, November 30th. Finally, BidaskClub upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research report on Thursday, January 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $63.38.

Shares of Norwegian Cruise Line (NCLH) traded down $1.59 during mid-day trading on Friday, reaching $59.00. The company had a trading volume of 1,369,115 shares, compared to its average volume of 1,510,000. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.31 and a current ratio of 0.34. The firm has a market capitalization of $13,480.00, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 0.56 and a beta of 1.17. Norwegian Cruise Line has a 1 year low of $46.96 and a 1 year high of $61.48.

Norwegian Cruise Line (NASDAQ:NCLH) last announced its quarterly earnings data on Thursday, November 9th. The company reported $1.86 EPS 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 analyst estimates of $1.64 billion. Norwegian Cruise Line had a return on equity of 16.97% and a net margin of 13.91%. The company’s revenue was up 11.2% on a year-over-year basis. During the same period last year, the company earned $1.62 earnings per share. analysts expect that Norwegian Cruise Line will post 3.66 EPS for the current year.

In other news, CEO Jason Montague sold 15,000 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $55.08, for a total transaction of $826,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $54.11, for a total value of $270,550,000.00. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank grew its position in shares of Norwegian Cruise Line by 12.4% in 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. Cerebellum GP LLC acquired a new position in shares of Norwegian Cruise Line in the 4th quarter valued at approximately $112,000. BB&T Investment Services Inc. acquired a new position in shares of Norwegian Cruise Line in the 2nd quarter valued at approximately $121,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Norwegian Cruise Line in the 3rd quarter valued at approximately $202,000. Finally, Ameritas Investment Partners Inc. grew its position in shares of Norwegian Cruise Line by 1.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,083 shares of the company’s stock valued at $222,000 after purchasing an additional 77 shares during the period. Institutional investors own 88.85% of the company’s stock.

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About Norwegian Cruise Line

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.