Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) has received a consensus rating of “Buy” from the eighteen research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $64.85.
A number of brokerages have recently commented on NCLH. BidaskClub raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research report on Wednesday, June 13th. Morgan Stanley cut their price objective on shares of Norwegian Cruise Line from $64.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 5th. Bank of America set a $72.00 price objective on shares of Norwegian Cruise Line and gave the stock a “buy” rating in a research report on Monday, May 28th. Deutsche Bank raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a research report on Wednesday, April 18th. Finally, Zacks Investment Research lowered shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research report on Wednesday, April 25th.
Norwegian Cruise Line traded up $0.68, reaching $49.45, during trading on Tuesday, according to MarketBeat. The company had a trading volume of 203,178 shares, compared to its average volume of 2,013,216. The company has a quick ratio of 0.31, a current ratio of 0.34 and a debt-to-equity ratio of 1.08. Norwegian Cruise Line has a 12 month low of $47.33 and a 12 month high of $61.48.
Norwegian Cruise Line (NASDAQ:NCLH) last announced its quarterly earnings data on Wednesday, May 2nd. The company reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.06. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. Norwegian Cruise Line had a net margin of 13.91% and a return on equity of 16.97%. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 earnings per share. equities analysts forecast that Norwegian Cruise Line will post 3.66 earnings per share for the current year.
In related news, CEO Rio Frank J. Del sold 3,077 shares of the business’s stock in a transaction on Friday, June 15th. The shares were sold at an average price of $54.34, for a total transaction of $167,204.18. Following the transaction, the chief executive officer now directly owns 372,831 shares in the company, valued at $20,259,636.54. The sale was disclosed in a filing with the SEC, which is available through this link. 0.98% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of NCLH. We Are One Seven LLC acquired a new position in Norwegian Cruise Line during the fourth quarter worth $115,000. Tower Research Capital LLC TRC increased its holdings in Norwegian Cruise Line by 395.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,699 shares of the company’s stock worth $143,000 after buying an additional 2,154 shares during the last quarter. Vantage Financial Partners Ltd. Inc. acquired a new position in Norwegian Cruise Line during the first quarter worth $201,000. Federated Investors Inc. PA increased its holdings in Norwegian Cruise Line by 41.0% during the first quarter. Federated Investors Inc. PA now owns 4,044 shares of the company’s stock worth $214,000 after buying an additional 1,175 shares during the last quarter. Finally, Allianz Asset Management GmbH acquired a new position in Norwegian Cruise Line during the first quarter worth $215,000. Institutional investors and hedge funds own 88.85% of the company’s stock.
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.
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