Norwegian Cruise Line Holdings Ltd. (NCLH) Receives Average Rating of “Hold” from Brokerages

Shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) have been assigned an average recommendation of “Hold” from the nineteen research firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $63.07.

Several analysts recently commented on NCLH shares. Goldman Sachs Group reissued a “neutral” rating and set a $64.00 price objective (up from $60.00) on shares of Norwegian Cruise Line in a research report on Tuesday, August 15th. Zacks Investment Research downgraded shares of Norwegian Cruise Line from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Stifel Nicolaus reissued a “buy” rating and set a $69.00 price objective on shares of Norwegian Cruise Line in a research report on Thursday, October 12th. Argus started coverage on shares of Norwegian Cruise Line in a research report on Wednesday, October 25th. They set a “buy” rating and a $68.00 price objective on the stock. Finally, Morgan Stanley increased their price objective on shares of Norwegian Cruise Line from $58.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, November 10th.

In other Norwegian Cruise Line news, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $54.11, for a total transaction of $270,550,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jason Montague sold 15,000 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $55.08, for a total transaction of $826,200.00. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Janus Henderson Group PLC lifted its stake in shares of Norwegian Cruise Line by 2,659.1% in the 2nd quarter. Janus Henderson Group PLC now owns 7,409,748 shares of the company’s stock worth $402,275,000 after purchasing an additional 7,141,190 shares during the period. DSM Capital Partners LLC lifted its stake in shares of Norwegian Cruise Line by 106.1% in the 3rd quarter. DSM Capital Partners LLC now owns 3,591,761 shares of the company’s stock worth $194,135,000 after purchasing an additional 1,848,761 shares during the period. Capital Growth Management LP bought a new position in shares of Norwegian Cruise Line in the 3rd quarter worth approximately $65,941,000. Fred Alger Management Inc. bought a new position in shares of Norwegian Cruise Line in the 2nd quarter worth approximately $63,312,000. Finally, Columbus Circle Investors bought a new position in shares of Norwegian Cruise Line in the 3rd quarter worth approximately $44,026,000. Institutional investors and hedge funds own 89.02% of the company’s stock.

Shares of Norwegian Cruise Line (NASDAQ NCLH) traded down $0.49 during mid-day trading on Friday, reaching $53.16. 1,239,618 shares of the company traded hands, compared to its average volume of 1,859,321. Norwegian Cruise Line has a one year low of $42.04 and a one year high of $61.48. The stock has a market cap of $12,501.54, a P/E ratio of 14.99, a price-to-earnings-growth ratio of 0.58 and a beta of 1.09. The company has a quick ratio of 0.31, a current ratio of 0.34 and a debt-to-equity ratio of 1.08.

Norwegian Cruise Line (NASDAQ:NCLH) last announced its quarterly earnings data on Thursday, November 9th. The company reported $1.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.82 by $0.04. Norwegian Cruise Line had a net margin of 13.91% and a return on equity of 16.97%. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the prior year, the firm posted $1.62 EPS. Norwegian Cruise Line’s revenue for the quarter was up 11.2% on a year-over-year basis. analysts anticipate that Norwegian Cruise Line will post 3.66 EPS for the current year.

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Norwegian Cruise Line 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 (NASDAQ:NCLH)

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