Norwegian Cruise Line (NASDAQ:NCLH) had its target price lowered by analysts at JPMorgan Chase & Co. from $70.00 to $61.00 in a research report issued on Friday. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 20.53% from the stock’s current price.

A number of other equities analysts have also recently commented on the company. BidaskClub cut Norwegian Cruise Line from a “sell” rating to a “strong sell” rating in a report on Thursday. Zacks Investment Research raised Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Friday, July 20th. Morgan Stanley decreased their target price on Norwegian Cruise Line from $64.00 to $58.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 5th. Bank of America set a $72.00 target price on Norwegian Cruise Line and gave the stock a “buy” rating in a report on Monday, May 28th. Finally, Deutsche Bank raised Norwegian Cruise Line from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a report on Wednesday, April 18th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $64.17.

Norwegian Cruise Line stock traded down $0.34 during trading on Friday, reaching $50.61. The company had a trading volume of 1,854,963 shares, compared to its average volume of 2,011,740. Norwegian Cruise Line has a 52 week low of $46.16 and a 52 week high of $61.18. 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 earnings results on Thursday, August 9th. The company reported $1.21 EPS for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.18. Norwegian Cruise Line had a return on equity of 16.97% and a net margin of 13.91%. The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the firm earned $1.02 EPS. Norwegian Cruise Line’s revenue for the quarter was up 13.2% compared to the same quarter last year. equities analysts expect that Norwegian Cruise Line will post 3.66 earnings per share for the current fiscal year.

In other Norwegian Cruise Line news, CEO Rio Frank J. Del sold 22,743 shares of the firm’s stock in a transaction dated Tuesday, July 3rd. The stock was sold at an average price of $46.96, for a total transaction of $1,068,011.28. Following the sale, the chief executive officer now directly owns 357,021 shares of the company’s stock, valued at $16,765,706.16. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Rio Frank J. Del sold 3,077 shares of the firm’s stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $54.34, for a total value of $167,204.18. Following the sale, the chief executive officer now directly owns 372,831 shares in the company, valued at $20,259,636.54. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,554 shares of company stock worth $1,913,001. Insiders own 0.98% of the company’s stock.

A number of large investors have recently bought and sold shares of NCLH. Janus Henderson Group PLC raised its holdings in Norwegian Cruise Line by 25.3% during the second quarter. Janus Henderson Group PLC now owns 10,067,475 shares of the company’s stock valued at $475,688,000 after acquiring an additional 2,035,157 shares during the period. BlackRock Inc. grew its position in shares of Norwegian Cruise Line by 11.0% during the first quarter. BlackRock Inc. now owns 12,308,190 shares of the company’s stock valued at $651,965,000 after purchasing an additional 1,222,914 shares in the last quarter. Capital Growth Management LP purchased a new position in shares of Norwegian Cruise Line during the first quarter valued at about $45,024,000. Bank of New York Mellon Corp grew its position in shares of Norwegian Cruise Line by 31.8% during the second quarter. Bank of New York Mellon Corp now owns 3,482,343 shares of the company’s stock valued at $164,541,000 after purchasing an additional 840,909 shares in the last quarter. Finally, Columbus Circle Investors purchased a new position in shares of Norwegian Cruise Line during the first quarter valued at about $43,701,000. 88.85% of the stock is currently owned by institutional investors and hedge funds.

About Norwegian Cruise Line

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.

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Analyst Recommendations for Norwegian Cruise Line (NASDAQ:NCLH)

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