Norwegian Cruise Line Holdings Ltd. (NCLH) Given New $62.00 Price Target at Morgan Stanley

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) had its target price boosted by Morgan Stanley from $58.00 to $62.00 in a research report report published on Friday morning. They currently have an equal weight rating on the stock.

Several other analysts have also recently weighed in on the company. BidaskClub cut Norwegian Cruise Line Holdings from a buy rating to a hold rating in a report on Sunday, July 16th. Bank of America Corporation started coverage on Norwegian Cruise Line Holdings in a report on Monday, July 24th. They set a buy rating and a $65.00 price target on the stock. Nomura boosted their price target on Norwegian Cruise Line Holdings from $62.00 to $69.00 and gave the stock a buy rating in a report on Wednesday, August 9th. Buckingham Research boosted their price target on Norwegian Cruise Line Holdings from $70.00 to $75.00 and gave the stock a buy rating in a report on Wednesday, August 9th. Finally, Deutsche Bank AG boosted their price target on Norwegian Cruise Line Holdings from $53.00 to $59.00 and gave the stock a hold rating in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $62.80.

Norwegian Cruise Line Holdings (NCLH) traded down $1.66 during trading on Friday, reaching $55.23. The company’s stock had a trading volume of 2,282,200 shares, compared to its average volume of 2,431,229. Norwegian Cruise Line Holdings has a 1 year low of $37.07 and a 1 year high of $61.48. 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 company has a market capitalization of $12,618.06, a PE ratio of 15.13, a PEG ratio of 0.56 and a beta of 1.12.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last released its earnings results on Thursday, November 9th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.82 by $0.04. Norwegian Cruise Line Holdings had a return on equity of 16.97% and a net margin of 13.91%. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the previous year, the business posted $1.62 earnings per share. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. research analysts forecast that Norwegian Cruise Line Holdings will post 3.82 earnings per share for the current year.

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In other Norwegian Cruise Line Holdings news, major shareholder Apollo Management Holdings Gp, sold 5,625,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $54.57, for a total value of $306,956,250.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Harry Sommer sold 11,807 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 42,195 shares in the company, valued at $2,465,031.90. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Norwegian Cruise Line Holdings by 3.5% in the second quarter. Vanguard Group Inc. now owns 12,863,375 shares of the company’s stock valued at $698,352,000 after buying an additional 431,979 shares during the period. Capital International Investors increased its holdings in shares of Norwegian Cruise Line Holdings by 2.3% during the second quarter. Capital International Investors now owns 10,443,697 shares of the company’s stock valued at $566,988,000 after acquiring an additional 237,338 shares in the last quarter. Capital World Investors increased its holdings in shares of Norwegian Cruise Line Holdings by 6.0% during the second quarter. Capital World Investors now owns 10,004,516 shares of the company’s stock valued at $543,145,000 after acquiring an additional 569,196 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Norwegian Cruise Line Holdings by 2,659.1% during the second quarter. Janus Henderson Group PLC now owns 7,409,748 shares of the company’s stock valued at $402,275,000 after acquiring an additional 7,141,190 shares in the last quarter. Finally, DSM Capital Partners LLC increased its holdings in shares of Norwegian Cruise Line Holdings by 106.1% during the third quarter. DSM Capital Partners LLC now owns 3,591,761 shares of the company’s stock valued at $194,135,000 after acquiring an additional 1,848,761 shares in the last quarter. 86.19% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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