Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH)‘s stock had its “buy” rating reaffirmed by research analysts at Wells Fargo & Co. in a research report issued on Monday.

Several other analysts have also issued reports on the stock. Wedbush restated a “neutral” rating and issued a $42.00 price target (down from $45.00) on shares of Norwegian Cruise Line Holdings in a research report on Friday, November 11th. JPMorgan Chase & Co. lowered shares of Norwegian Cruise Line Holdings from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $62.00 to $44.00 in a research report on Thursday, October 27th. SunTrust Banks Inc. lowered shares of Norwegian Cruise Line Holdings from a “buy” rating to a “hold” rating and decreased their price target for the stock from $52.00 to $43.00 in a research report on Wednesday, October 19th. Stifel Nicolaus restated a “buy” rating and issued a $51.00 price target on shares of Norwegian Cruise Line Holdings in a research report on Wednesday, October 5th. Finally, Macquarie began coverage on shares of Norwegian Cruise Line Holdings in a research report on Tuesday, October 4th. They set a “neutral” rating and a $38.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Norwegian Cruise Line Holdings has an average rating of “Buy” and a consensus target price of $50.88.

Analyst Recommendations for Norwegian Cruise Line Holdings (NASDAQ:NCLH)

Shares of Norwegian Cruise Line Holdings (NASDAQ:NCLH) opened at 40.17 on Monday. Norwegian Cruise Line Holdings has a 52 week low of $34.16 and a 52 week high of $60.13. The firm has a market cap of $9.13 billion, a price-to-earnings ratio of 15.30 and a beta of 1.14. The firm has a 50 day moving average of $37.99 and a 200 day moving average of $40.68.

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. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. Norwegian Cruise Line Holdings had a net margin of 12.52% and a return on equity of 17.60%. The business’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period last year, the business posted $1.35 EPS. Equities analysts predict that Norwegian Cruise Line Holdings will post $3.42 earnings per share for the current fiscal year.

In other Norwegian Cruise Line Holdings news, CEO Rio Frank J. Del purchased 55,623 shares of the company’s stock in a transaction that occurred on Wednesday, August 31st. The stock was acquired at an average cost of $35.96 per share, with a total value of $2,000,203.08. Following the completion of the purchase, the chief executive officer now directly owns 451,171 shares in the company, valued at approximately $16,224,109.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP T. Robin Lindsay purchased 12,000 shares of the company’s stock in a transaction that occurred on Friday, September 2nd. The shares were acquired at an average cost of $35.90 per share, with a total value of $430,800.00. Following the completion of the purchase, the executive vice president now owns 72,647 shares of the company’s stock, valued at $2,608,027.30. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the company. Mizuho Asset Management Co. Ltd. increased its stake in Norwegian Cruise Line Holdings by 169.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,595 shares of the company’s stock worth $103,000 after buying an additional 1,631 shares during the period. Creative Planning increased its stake in Norwegian Cruise Line Holdings by 1,654.4% in the third quarter. Creative Planning now owns 4,000 shares of the company’s stock worth $151,000 after buying an additional 3,772 shares during the period. Glenmede Trust Co. NA increased its stake in Norwegian Cruise Line Holdings by 50.0% in the second quarter. Glenmede Trust Co. NA now owns 4,950 shares of the company’s stock worth $197,000 after buying an additional 1,650 shares during the period. Cambridge Trust Co. acquired a new stake in Norwegian Cruise Line Holdings during the third quarter worth $207,000. Finally, Candriam Luxembourg S.C.A. increased its stake in Norwegian Cruise Line Holdings by 28.0% in the second quarter. Candriam Luxembourg S.C.A. now owns 5,274 shares of the company’s stock worth $210,000 after buying an additional 1,153 shares during the period. 86.42% of the stock is owned by institutional investors and hedge funds.

About Norwegian Cruise Line Holdings

Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. Its brands offer itineraries to over 510 destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii with a combined fleet of approximately 20 ships with over 45,000 Berths.

5 Day Chart for NASDAQ:NCLH

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