Norwegian Cruise Line (NCLH) Price Target Increased to $64.00 by Analysts at Morgan Stanley

Norwegian Cruise Line (NASDAQ:NCLH) had its price objective lifted by Morgan Stanley from $62.00 to $64.00 in a research report sent to investors on Friday. They currently have an equal weight rating on the stock.

Several other brokerages have also weighed in on NCLH. BidaskClub upgraded shares of Norwegian Cruise Line from a hold rating to a buy rating in a research report on Friday. Zacks Investment Research upgraded shares of Norwegian Cruise Line from a hold rating to a buy rating and set a $66.00 target price on the stock in a research report on Saturday, January 20th. Stifel Nicolaus reiterated a buy rating and set a $69.00 target price on shares of Norwegian Cruise Line in a research report on Thursday, October 12th. SunTrust Banks upgraded shares of Norwegian Cruise Line from a hold rating to a buy rating in a research report on Wednesday, January 17th. Finally, Tigress Financial reiterated a buy rating on shares of Norwegian Cruise Line in a research report on Monday, November 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. Norwegian Cruise Line currently has an average rating of Buy and an average price target of $63.38.

Shares of Norwegian Cruise Line (NCLH) opened at $59.00 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.31 and a debt-to-equity ratio of 1.08. Norwegian Cruise Line has a 12-month low of $46.96 and a 12-month high of $61.48. The firm has a market cap of $13,480.00, a PE ratio of 18.44, a PEG ratio of 0.56 and a beta of 1.17.

Norwegian Cruise Line (NASDAQ:NCLH) last issued its earnings results on Thursday, November 9th. The company reported $1.86 earnings per share for the quarter, beating the 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 business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the business earned $1.62 EPS. The firm’s revenue was up 11.2% on a year-over-year basis. analysts anticipate that Norwegian Cruise Line will post 3.66 earnings per share for the current year.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement Association of Colorado raised its stake in shares of Norwegian Cruise Line by 4.8% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 32,699 shares of the company’s stock worth $1,741,000 after acquiring an additional 1,497 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of Norwegian Cruise Line by 13.4% in the fourth quarter. CIBC Asset Management Inc now owns 19,434 shares of the company’s stock worth $1,035,000 after acquiring an additional 2,300 shares during the last quarter. Comerica Bank raised its stake in shares of Norwegian Cruise Line by 449.9% in the fourth quarter. Comerica Bank now owns 64,740 shares of the company’s stock worth $3,869,000 after acquiring an additional 52,967 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Norwegian Cruise Line by 2,519.0% in the fourth quarter. Victory Capital Management Inc. now owns 655,355 shares of the company’s stock worth $34,898,000 after acquiring an additional 630,332 shares during the last quarter. Finally, CIBC World Markets Inc. bought a new position in shares of Norwegian Cruise Line in the fourth quarter worth about $543,000. 88.85% of the stock is owned by institutional investors.

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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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