Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) has been assigned a $65.00 target price by investment analysts at Wedbush in a research report issued to clients and investors on Sunday. The firm presently has a “buy” rating on the stock. Wedbush’s price objective points to a potential upside of 17.69% from the stock’s previous close.

NCLH has been the topic of several other reports. Deutsche Bank AG lifted their price objective on Norwegian Cruise Line Holdings from $53.00 to $59.00 and gave the stock a “hold” rating in a report on Wednesday, August 9th. Barclays PLC boosted their target price on Norwegian Cruise Line Holdings from $59.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, August 10th. Bank of America Corporation initiated coverage on Norwegian Cruise Line Holdings in a report on Monday, July 24th. They issued a “buy” rating and a $65.00 price objective on the stock. Zacks Investment Research lowered Norwegian Cruise Line Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $69.00 price objective on shares of Norwegian Cruise Line Holdings in a research report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Norwegian Cruise Line Holdings presently has an average rating of “Buy” and an average target price of $62.80.

Shares of Norwegian Cruise Line Holdings (NASDAQ:NCLH) traded down $1.66 during trading on Friday, hitting $55.23. The company had a trading volume of 2,282,200 shares, compared to its average volume of 1,855,913. 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 Holdings has a 1 year low of $37.07 and a 1 year high of $61.48. The stock has a market cap of $12,560.00, a price-to-earnings ratio of 15.13, a PEG ratio of 0.56 and a beta of 1.12.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last announced its quarterly earnings results on Thursday, November 9th. The company reported $1.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.82 by $0.04. Norwegian Cruise Line Holdings had a return on equity of 16.97% and a net margin of 13.91%. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the business earned $1.62 EPS. Norwegian Cruise Line Holdings’s revenue for the quarter was up 11.2% compared to the same quarter last year. sell-side analysts anticipate that Norwegian Cruise Line Holdings will post 3.82 earnings per share for the current fiscal year.

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In other Norwegian Cruise Line Holdings news, EVP Harry Sommer sold 11,807 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $58.42, for a total value of $689,764.94. Following the completion of the transaction, the executive vice president now directly owns 42,195 shares of the company’s stock, valued at $2,465,031.90. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Apollo Management Holdings Gp, sold 5,625,000 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $54.57, for a total transaction of $306,956,250.00. The disclosure for this sale can be found here. Corporate insiders own 0.98% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of NCLH. Janus Henderson Group PLC boosted its position in Norwegian Cruise Line Holdings by 2,659.1% during the second quarter. Janus Henderson Group PLC now owns 7,409,748 shares of the company’s stock worth $402,275,000 after acquiring an additional 7,141,190 shares during the last quarter. DSM Capital Partners LLC boosted its holdings in shares of Norwegian Cruise Line Holdings by 106.1% in the 3rd quarter. DSM Capital Partners LLC now owns 3,591,761 shares of the company’s stock valued at $194,135,000 after purchasing an additional 1,848,761 shares during the last quarter. Capital Growth Management LP acquired a new position in shares of Norwegian Cruise Line Holdings in the 3rd quarter valued at $65,941,000. Fred Alger Management Inc. acquired a new position in shares of Norwegian Cruise Line Holdings in the 2nd quarter valued at $63,312,000. Finally, Columbus Circle Investors acquired a new position in shares of Norwegian Cruise Line Holdings during the 3rd quarter valued at $44,026,000. 86.19% of the stock is 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 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 Holdings (NASDAQ:NCLH)

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