Norwegian Cruise Line Holdings Ltd. (NCLH) Given Buy Rating at Stifel Nicolaus

Stifel Nicolaus reaffirmed their buy rating on shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) in a research report report published on Thursday. They currently have a $67.00 price target on the stock, down from their previous price target of $69.00.

Other equities research analysts have also issued reports about the company. Buckingham Research raised their price objective on Norwegian Cruise Line Holdings from $70.00 to $75.00 and gave the company a buy rating in a research note on Wednesday, August 9th. Nomura raised their price objective on Norwegian Cruise Line Holdings from $62.00 to $69.00 and gave the company a buy rating in a research note on Wednesday, August 9th. Bank of America Corporation assumed coverage on Norwegian Cruise Line Holdings in a research note on Monday, July 24th. They issued a buy rating and a $65.00 price objective for the company. Berenberg Bank reissued a buy rating and set a $65.00 price target on shares of Norwegian Cruise Line Holdings in a research note on Wednesday, June 28th. Finally, Deutsche Bank AG raised their price target on Norwegian Cruise Line Holdings from $53.00 to $59.00 and gave the stock a hold rating in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. Norwegian Cruise Line Holdings presently has an average rating of Hold and an average price target of $59.87.

Norwegian Cruise Line Holdings (NCLH) traded down 0.81% during mid-day trading on Thursday, reaching $53.73. The company had a trading volume of 3,472,004 shares. The firm has a 50-day moving average of $56.36 and a 200 day moving average of $54.19. Norwegian Cruise Line Holdings has a 1-year low of $35.21 and a 1-year high of $61.48. The company has a market capitalization of $12.26 billion, a PE ratio of 18.16 and a beta of 1.12.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.05. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.31 billion. Norwegian Cruise Line Holdings had a return on equity of 16.65% and a net margin of 13.22%. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period last year, the company earned $0.85 EPS. On average, analysts predict that Norwegian Cruise Line Holdings will post $3.97 earnings per share for the current fiscal year.

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

A number of hedge funds and other institutional investors have recently modified their holdings of NCLH. Aviance Capital Management LLC bought a new stake in Norwegian Cruise Line Holdings during the 2nd quarter valued at $103,000. Toronto Dominion Bank raised its position in Norwegian Cruise Line Holdings by 12.4% during the 2nd quarter. Toronto Dominion Bank now owns 1,956 shares of the company’s stock valued at $106,000 after purchasing an additional 216 shares in the last quarter. BB&T Investment Services Inc. bought a new stake in Norwegian Cruise Line Holdings during the 2nd quarter valued at $121,000. Pacer Advisors Inc. bought a new stake in Norwegian Cruise Line Holdings during the 2nd quarter valued at $197,000. Finally, Nomura Holdings Inc. bought a new stake in Norwegian Cruise Line Holdings during the 1st quarter valued at $204,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Norwegian Cruise Line Holdings Company Profile

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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