Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) has been assigned an average recommendation of “Buy” from the nineteen brokerages that are presently covering the stock. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $49.00.

NCLH has been the subject of several recent research reports. JPMorgan Chase & Co. lowered shares of Norwegian Cruise Line Holdings from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $62.00 to $44.00 in a research note on Thursday, October 27th. SunTrust Banks Inc. lowered shares of Norwegian Cruise Line Holdings from a “buy” rating to a “hold” rating and lowered their price objective for the company from $52.00 to $43.00 in a research note on Wednesday, October 19th. Stifel Nicolaus reissued a “buy” rating and issued a $51.00 price objective on shares of Norwegian Cruise Line Holdings in a research note on Wednesday, October 5th. Macquarie initiated coverage on shares of Norwegian Cruise Line Holdings in a research note on Tuesday, October 4th. They issued a “neutral” rating and a $38.00 price objective for the company. Finally, Deutsche Bank AG set a $44.00 price objective on shares of Norwegian Cruise Line Holdings and gave the company a “hold” rating in a research note on Thursday, September 29th.

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Norwegian Cruise Line Holdings (NASDAQ:NCLH) opened at 40.58 on Wednesday. The firm has a market cap of $9.22 billion, a price-to-earnings ratio of 15.46 and a beta of 1.14. Norwegian Cruise Line Holdings has a 52 week low of $34.16 and a 52 week high of $60.13. The firm’s 50-day moving average is $38.41 and its 200-day moving average is $40.27.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last announced its earnings results on Wednesday, November 9th. The company reported $1.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.03. Norwegian Cruise Line Holdings had a net margin of 12.52% and a return on equity of 17.60%. The company earned $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the firm posted $1.35 earnings per share. Norwegian Cruise Line Holdings’s revenue was up 15.5% compared to the same quarter last year. On average, equities analysts anticipate that Norwegian Cruise Line Holdings will post $3.42 earnings per share for the current year.

In other Norwegian Cruise Line Holdings news, EVP T. Robin Lindsay bought 12,000 shares of the business’s stock in a transaction dated 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 acquisition, the executive vice president now directly owns 72,647 shares of the company’s stock, valued at approximately $2,608,027.30. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Rio Frank J. Del bought 55,623 shares of the business’s stock in a transaction dated Wednesday, August 31st. The stock was acquired at an average cost of $35.96 per share, for a total transaction of $2,000,203.08. Following the completion of the acquisition, the chief executive officer now directly owns 451,171 shares in the company, valued at $16,224,109.16. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC boosted its position in shares of Norwegian Cruise Line Holdings by 0.5% in the third quarter. Hsbc Holdings PLC now owns 32,931 shares of the company’s stock worth $1,241,000 after buying an additional 169 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Norwegian Cruise Line Holdings by 0.9% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,925 shares of the company’s stock worth $754,000 after buying an additional 178 shares during the last quarter. Suntrust Banks Inc. boosted its position in shares of Norwegian Cruise Line Holdings by 2.2% in the third quarter. Suntrust Banks Inc. now owns 9,847 shares of the company’s stock worth $370,000 after buying an additional 212 shares during the last quarter. Babson Capital Management LLC boosted its position in shares of Norwegian Cruise Line Holdings by 3.6% in the first quarter. Babson Capital Management LLC now owns 8,700 shares of the company’s stock worth $481,000 after buying an additional 300 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of Norwegian Cruise Line Holdings by 2.0% in the second quarter. Oregon Public Employees Retirement Fund now owns 15,100 shares of the company’s stock worth $602,000 after buying an additional 300 shares during the last quarter. 85.68% of the stock is currently 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 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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