The Analysts Set Norwegian Cruise Line Holdings Ltd. (NCLH) Price Target at $49.00

The Analysts Set Norwegian Cruise Line Holdings Ltd. (NCLH) Price Target at $49.00

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) has been assigned an average recommendation of “Buy” from the nineteen research firms that are presently covering the firm. Eight equities research 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 a report on the stock in the last year is $49.00.

Several equities analysts recently issued reports on NCLH shares. Citigroup Inc. restated a “buy” rating and set a $58.00 price target on shares of Norwegian Cruise Line Holdings in a research report on Tuesday, August 23rd. Nomura reduced their price target on Norwegian Cruise Line Holdings from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, August 10th. Stifel Nicolaus restated a “buy” rating and set a $51.00 price target on shares of Norwegian Cruise Line Holdings in a research report on Wednesday, October 5th. Wells Fargo & Co. restated a “buy” rating on shares of Norwegian Cruise Line Holdings in a research report on Monday, November 14th. Finally, Deutsche Bank AG set a $44.00 price target on Norwegian Cruise Line Holdings and gave the stock a “hold” rating in a research report on Thursday, September 29th.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) opened at 40.58 on Wednesday. Norwegian Cruise Line Holdings has a 12 month low of $34.16 and a 12 month high of $60.13. The firm has a market capitalization of $9.22 billion, a price-to-earnings ratio of 15.46 and a beta of 1.14. The stock’s 50 day moving average price is $38.41 and its 200-day moving average price is $40.27.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last posted its quarterly earnings results on Wednesday, November 9th. The company reported $1.62 earnings per share (EPS) for the quarter, topping the 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 had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period last year, the company earned $1.35 EPS. Norwegian Cruise Line Holdings’s revenue for the quarter was up 15.5% compared to the same quarter last year. Equities analysts anticipate that Norwegian Cruise Line Holdings will post $3.42 EPS for the current fiscal year.

In related news, CEO Rio Frank J. Del acquired 55,623 shares of the stock in a transaction on Wednesday, August 31st. The stock was acquired at an average price of $35.96 per share, for a total transaction of $2,000,203.08. Following the completion of the purchase, the chief executive officer now owns 451,171 shares of the company’s stock, valued at $16,224,109.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP T. Robin Lindsay acquired 12,000 shares of the stock in a transaction on Friday, September 2nd. The shares were bought at an average price of $35.90 per share, with a total value of $430,800.00. Following the purchase, the executive vice president now directly owns 72,647 shares of the company’s stock, 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.

A number of hedge funds and other institutional investors have recently made changes to their positions in NCLH. Envestnet Asset Management Inc. boosted its position in shares of Norwegian Cruise Line Holdings by 26.4% in the first quarter. Envestnet Asset Management Inc. now owns 46,049 shares of the company’s stock worth $2,546,000 after buying an additional 9,630 shares during the last quarter. Babson Capital Management LLC boosted its position in shares of Norwegian Cruise Line Holdings by 3.6% in the first quarter. Babson Capital Management LLC now owns 8,700 shares of the company’s stock worth $481,000 after buying an additional 300 shares during the last quarter. Seven Eight Capital LLC bought a new position in shares of Norwegian Cruise Line Holdings during the first quarter worth about $253,000. Logan Capital Management Inc. bought a new position in shares of Norwegian Cruise Line Holdings during the first quarter worth about $725,000. Finally, Phocas Financial Corp. boosted its position in shares of Norwegian Cruise Line Holdings by 14.4% in the first quarter. Phocas Financial Corp. now owns 137,315 shares of the company’s stock worth $7,592,000 after buying an additional 17,330 shares during the last quarter. Institutional investors and hedge funds own 87.98% of the company’s stock.

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