The Stifel Nicolaus Reiterates “Buy” Rating for Norwegian Cruise Line Holdings Ltd. (NCLH)

The Stifel Nicolaus Reiterates “Buy” Rating for Norwegian Cruise Line Holdings Ltd. (NCLH)

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH)‘s stock had its “buy” rating reiterated by stock analysts at Stifel Nicolaus in a research note issued to investors on Wednesday. They currently have a $51.00 price objective on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 34.03% from the stock’s previous close.

A number of other research analysts have also weighed in on NCLH. Sterne Agee CRT initiated coverage on Norwegian Cruise Line Holdings in a report on Tuesday, June 7th. They set a “buy” rating and a $60.00 target price on the stock. Zacks Investment Research lowered Norwegian Cruise Line Holdings from a “hold” rating to a “sell” rating in a report on Saturday, June 25th. Wedbush decreased their target price on Norwegian Cruise Line Holdings from $59.00 to $53.00 and set an “outperform” rating on the stock in a report on Wednesday, August 10th. Nomura decreased their target price on Norwegian Cruise Line Holdings from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, August 10th. Finally, Citigroup Inc. reissued a “buy” rating and set a $58.00 target price on shares of Norwegian Cruise Line Holdings in a report on Tuesday, August 23rd. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $55.07.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) traded down 2.58% during midday trading on Wednesday, reaching $37.07. 1,239,403 shares of the company were exchanged. The firm’s 50-day moving average price is $36.57 and its 200 day moving average price is $43.66. Norwegian Cruise Line Holdings has a 52-week low of $34.16 and a 52-week high of $64.27. The stock has a market capitalization of $8.42 billion, a price-to-earnings ratio of 16.70 and a beta of 1.18.

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Norwegian Cruise Line Holdings (NASDAQ:NCLH) last posted its earnings results on Tuesday, August 9th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.22 billion. Norwegian Cruise Line Holdings had a return on equity of 16.47% and a net margin of 11.09%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.75 EPS. Equities analysts predict that Norwegian Cruise Line Holdings will post $3.42 earnings per share for the current year.

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

Several hedge funds have recently made changes to their positions in the company. State Street Corp increased its stake in shares of Norwegian Cruise Line Holdings by 3.9% in the first quarter. State Street Corp now owns 2,555,410 shares of the company’s stock valued at $141,293,000 after buying an additional 96,983 shares in the last quarter. Calixto Global Investors LP increased its stake in shares of Norwegian Cruise Line Holdings by 63.2% in the first quarter. Calixto Global Investors LP now owns 495,720 shares of the company’s stock valued at $27,408,000 after buying an additional 191,997 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Norwegian Cruise Line Holdings by 4.3% in the first quarter. Geode Capital Management LLC now owns 1,002,023 shares of the company’s stock valued at $55,371,000 after buying an additional 41,288 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Norwegian Cruise Line Holdings by 6.4% in the second quarter. JPMorgan Chase & Co. now owns 4,171,325 shares of the company’s stock valued at $166,186,000 after buying an additional 251,427 shares in the last quarter. Finally, Kennedy Capital Management Inc. acquired a new stake in shares of Norwegian Cruise Line Holdings during the first quarter valued at $3,918,000. Institutional investors and hedge funds own 88.30% of the company’s stock.

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