Norwegian Cruise Line (NASDAQ:NCLH)‘s stock had its “buy” rating restated by analysts at Nomura in a note issued to investors on Wednesday, AnalystRatings.com reports. They currently have a $70.00 price target on the stock. Nomura’s target price points to a potential upside of 24.71% from the stock’s previous close.
NCLH has been the subject of several other reports. Citigroup boosted their price objective on Norwegian Cruise Line from $60.00 to $65.00 and gave the company a “buy” rating in a report on Monday, August 19th. BidaskClub raised Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Monday, November 25th. TheStreet raised Norwegian Cruise Line from a “c+” rating to a “b” rating in a report on Friday, September 6th. Deutsche Bank reaffirmed a “buy” rating on shares of Norwegian Cruise Line in a report on Friday, November 8th. Finally, Macquarie set a $65.00 target price on Norwegian Cruise Line and gave the company a “buy” rating in a report on Friday, October 18th. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $65.27.
Shares of Norwegian Cruise Line stock opened at $56.13 on Wednesday. Norwegian Cruise Line has a fifty-two week low of $39.36 and a fifty-two week high of $59.71. The business has a 50-day moving average price of $52.95 and a 200 day moving average price of $51.59.
Norwegian Cruise Line (NASDAQ:NCLH) last announced its quarterly earnings data on Thursday, November 7th. The company reported $2.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.15 by $0.08. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.89 billion. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.27 earnings per share.
In other news, CEO Rio Frank J. Del sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $53.62, for a total transaction of $214,480.00. Following the completion of the transaction, the chief executive officer now directly owns 408,407 shares in the company, valued at $21,898,783.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Rio Frank J. Del sold 1,544 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $50.05, for a total value of $77,277.20. Following the transaction, the chief executive officer now owns 406,550 shares of the company’s stock, valued at $20,347,827.50. The disclosure for this sale can be found here. Insiders have sold 257,364 shares of company stock valued at $13,753,202 over the last ninety days. Corporate insiders own 0.98% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Motco boosted its position in shares of Norwegian Cruise Line by 168.8% during the third quarter. Motco now owns 500 shares of the company’s stock worth $26,000 after buying an additional 314 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Norwegian Cruise Line by 993.7% during the third quarter. Quadrant Capital Group LLC now owns 864 shares of the company’s stock worth $43,000 after buying an additional 785 shares during the period. CSat Investment Advisory L.P. boosted its position in shares of Norwegian Cruise Line by 100.0% during the second quarter. CSat Investment Advisory L.P. now owns 876 shares of the company’s stock worth $47,000 after buying an additional 438 shares during the period. Phocas Financial Corp. acquired a new position in shares of Norwegian Cruise Line during the second quarter worth approximately $13,509,000. Finally, Advisory Services Network LLC boosted its position in shares of Norwegian Cruise Line by 721.9% during the second quarter. Advisory Services Network LLC now owns 2,556 shares of the company’s stock worth $137,000 after buying an additional 2,245 shares during the period. 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.
Further Reading: What is the outlook for the FAANG stocks?
Receive News & Ratings for Norwegian Cruise Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwegian Cruise Line and related companies with MarketBeat.com's FREE daily email newsletter.