Norwegian Cruise Line (NCLH) Given New $62.00 Price Target at Morgan Stanley

Norwegian Cruise Line (NASDAQ:NCLH) had its target price raised by equities research analysts at Morgan Stanley from $58.00 to $62.00 in a research report issued on Friday, November 10th. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 12.14% from the stock’s current price.

NCLH has been the topic of a number of other reports. Zacks Investment Research cut Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Stifel Nicolaus restated a “buy” rating and set a $67.00 price target (down from $69.00) on shares of Norwegian Cruise Line in a research note on Thursday, October 19th. UBS restated a “neutral” rating and set a $60.00 price target (up from $51.00) on shares of Norwegian Cruise Line in a research note on Thursday, August 10th. Bank of America began coverage on Norwegian Cruise Line in a research note on Monday, July 24th. They set a “buy” rating and a $65.00 price target on the stock. Finally, Barclays increased their price objective on Norwegian Cruise Line from $59.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. Norwegian Cruise Line presently has a consensus rating of “Buy” and a consensus price target of $64.21.

Shares of Norwegian Cruise Line (NCLH) opened at $55.29 on Friday. Norwegian Cruise Line has a 52 week low of $38.66 and a 52 week high of $61.48. The company has a current ratio of 0.34, a quick ratio of 0.31 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $12,640.00, a P/E ratio of 15.20, a price-to-earnings-growth ratio of 0.59 and a beta of 1.12.

Norwegian Cruise Line (NASDAQ:NCLH) last released its quarterly earnings data on Thursday, November 9th. The company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.04. Norwegian Cruise Line had a return on equity of 16.97% and a net margin of 13.91%. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the firm posted $1.62 earnings per share. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. equities analysts anticipate that Norwegian Cruise Line will post 3.66 earnings per share for the current year.

In other Norwegian Cruise Line news, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $54.11, for a total transaction of $270,550,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jason Montague sold 15,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $55.08, for a total value of $826,200.00. The disclosure for this sale can be found here. Company insiders own 0.98% of the company’s stock.

Several hedge funds have recently modified their holdings of the business. Alps Advisors Inc. grew its holdings in shares of Norwegian Cruise Line by 0.3% during the second quarter. Alps Advisors Inc. now owns 9,396 shares of the company’s stock worth $510,000 after purchasing an additional 24 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Norwegian Cruise Line by 0.3% during the first quarter. Nomura Asset Management Co. Ltd. now owns 20,900 shares of the company’s stock worth $1,060,000 after buying an additional 64 shares during the period. Ameritas Investment Partners Inc. boosted its stake in shares of Norwegian Cruise Line by 1.9% during the second quarter. Ameritas Investment Partners Inc. now owns 4,083 shares of the company’s stock worth $222,000 after buying an additional 77 shares during the period. M&T Bank Corp boosted its stake in shares of Norwegian Cruise Line by 1.4% during the second quarter. M&T Bank Corp now owns 7,609 shares of the company’s stock worth $413,000 after buying an additional 103 shares during the period. Finally, Toronto Dominion Bank boosted its stake in shares of Norwegian Cruise Line by 12.4% during the second quarter. Toronto Dominion Bank now owns 1,956 shares of the company’s stock worth $106,000 after buying an additional 216 shares during the period. 89.01% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Norwegian Cruise Line (NASDAQ:NCLH)

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