Trading Report: Today, Brokerages Set Norwegian Cruise Line Holdings Ltd. (NCLH) PT at $49.00

Today, Brokerages Set Norwegian Cruise Line Holdings Ltd. (NCLH) PT at $49.00

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) has been given a consensus recommendation of “Buy” by the nineteen research firms that are covering the firm. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $49.00.

NCLH has been the subject of several research reports. JPMorgan Chase & Co. cut Norwegian Cruise Line Holdings from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $62.00 to $44.00 in a research note on Thursday, October 27th. SunTrust Banks Inc. cut Norwegian Cruise Line Holdings from a “buy” rating to a “hold” rating and decreased their target price for the company from $52.00 to $43.00 in a research note on Wednesday, October 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $51.00 target price on shares of Norwegian Cruise Line Holdings in a research note on Wednesday, October 5th. Macquarie initiated coverage on Norwegian Cruise Line Holdings in a research note on Tuesday, October 4th. They set a “neutral” rating and a $38.00 target price for the company. Finally, Deutsche Bank AG set a $44.00 target price on Norwegian Cruise Line Holdings and gave the company a “hold” rating in a research note on Thursday, September 29th.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) opened at 40.58 on Wednesday. Norwegian Cruise Line Holdings has a 1-year low of $34.16 and a 1-year high of $60.13. The stock’s 50 day moving average is $38.41 and its 200-day moving average is $40.27. The firm has a market cap of $9.22 billion, a P/E ratio of 15.46 and a beta of 1.14.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last announced its earnings results on Wednesday, November 9th. The company reported $1.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.03. Norwegian Cruise Line Holdings had a return on equity of 17.60% and a net margin of 12.52%. The business earned $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the business posted $1.35 earnings per share. The company’s quarterly revenue was up 15.5% on a year-over-year basis. Analysts forecast that Norwegian Cruise Line Holdings will post $3.42 EPS for the current year.

In other Norwegian Cruise Line Holdings news, CEO Rio Frank J. Del acquired 55,623 shares of the firm’s stock in a transaction on Wednesday, August 31st. The stock was purchased at an average cost of $35.96 per share, for a total transaction of $2,000,203.08. Following the transaction, the chief executive officer now owns 451,171 shares of the company’s stock, valued at approximately $16,224,109.16. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP T. Robin Lindsay acquired 12,000 shares of the firm’s stock in a transaction on Friday, September 2nd. The shares were acquired at an average price of $35.90 per share, with a total value of $430,800.00. Following the completion of the transaction, the executive vice president now directly owns 72,647 shares in the company, valued at approximately $2,608,027.30. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company’s stock.

Large investors have recently made changes to their positions in the company. Mizuho Asset Management Co. Ltd. raised its stake in shares of Norwegian Cruise Line Holdings by 169.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,595 shares of the company’s stock worth $103,000 after buying an additional 1,631 shares during the last quarter. Creative Planning raised its stake in shares of Norwegian Cruise Line Holdings by 1,654.4% in the third quarter. Creative Planning now owns 4,000 shares of the company’s stock worth $151,000 after buying an additional 3,772 shares during the last quarter. Glenmede Trust Co. NA raised its stake in shares of Norwegian Cruise Line Holdings by 50.0% in the second quarter. Glenmede Trust Co. NA now owns 4,950 shares of the company’s stock worth $197,000 after buying an additional 1,650 shares during the last quarter. Cambridge Trust Co. acquired a new stake in shares of Norwegian Cruise Line Holdings during the third quarter worth approximately $207,000. Finally, ETRADE Capital Management LLC acquired a new stake in shares of Norwegian Cruise Line Holdings during the third quarter worth approximately $208,000. Hedge funds and other institutional investors own 85.68% of the company’s stock.

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