Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) has been given a consensus rating of “Buy” by the seventeen research firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $67.38.

Several equities research analysts have recently commented on NCLH shares. BidaskClub raised Norwegian Cruise Line from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 30th. Morgan Stanley raised Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $58.00 to $62.00 in a report on Wednesday, February 6th. TheStreet raised Norwegian Cruise Line from a “c+” rating to a “b-” rating in a report on Wednesday, February 6th. Deutsche Bank set a $65.00 price objective on Norwegian Cruise Line and gave the company a “buy” rating in a report on Sunday, February 17th. Finally, Wedbush increased their price objective on Norwegian Cruise Line from $44.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, February 22nd.

Shares of NCLH traded down $1.03 during mid-day trading on Friday, hitting $55.89. 67,082 shares of the company’s stock were exchanged, compared to its average volume of 2,110,227. Norwegian Cruise Line has a 52 week low of $39.36 and a 52 week high of $59.71.

Norwegian Cruise Line (NASDAQ:NCLH) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.71 by $0.12. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 EPS.

In other Norwegian Cruise Line news, EVP Daniel S. Farkas sold 11,559 shares of the firm’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $55.66, for a total transaction of $643,373.94. Following the completion of the sale, the executive vice president now owns 75,461 shares of the company’s stock, valued at approximately $4,200,159.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Stuart sold 42,000 shares of the firm’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $55.95, for a total value of $2,349,900.00. Following the sale, the chief executive officer now directly owns 389,434 shares of the company’s stock, valued at approximately $21,788,832.30. The disclosure for this sale can be found here. Insiders have sold a total of 104,584 shares of company stock valued at $5,815,607 in the last ninety days. Insiders own 0.98% of the company’s stock.

A number of institutional investors have recently made changes to their positions in NCLH. Machina Capital S.A.S. bought a new position in Norwegian Cruise Line during the 4th quarter worth $29,000. Sterling Investment Advisors Ltd. bought a new position in Norwegian Cruise Line during the 4th quarter worth $42,000. Exane Derivatives increased its position in Norwegian Cruise Line by 221.9% during the 4th quarter. Exane Derivatives now owns 1,220 shares of the company’s stock worth $52,000 after buying an additional 841 shares during the period. Oregon Public Employees Retirement Fund increased its position in Norwegian Cruise Line by 10,307.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,332,849 shares of the company’s stock worth $55,000 after buying an additional 2,310,433 shares during the period. Finally, Acadian Asset Management LLC bought a new position in Norwegian Cruise Line during the 4th quarter worth $79,000. 88.85% of the stock is owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Norwegian Cruise Line (NASDAQ:NCLH)

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