Morgan Stanley Analysts Give Norwegian Cruise Line (NASDAQ:NCLH) a $59.00 Price Target

Morgan Stanley set a $59.00 target price on Norwegian Cruise Line (NASDAQ:NCLH) in a research note issued to investors on Friday, TipRanks reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also commented on NCLH. Buckingham Research upgraded Norwegian Cruise Line from a neutral rating to a buy rating and upped their target price for the company from $56.00 to $61.00 in a research report on Friday. Nomura reiterated a buy rating and issued a $64.00 target price on shares of Norwegian Cruise Line in a research report on Sunday. UBS Group upped their target price on Norwegian Cruise Line from $58.00 to $62.00 and gave the company a neutral rating in a research report on Tuesday, May 14th. BidaskClub upgraded Norwegian Cruise Line from a strong sell rating to a sell rating in a research report on Saturday. Finally, JPMorgan Chase & Co. boosted their price target on Norwegian Cruise Line from $63.00 to $67.00 and gave the company an overweight rating in a report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $64.57.

NASDAQ NCLH traded down $0.25 during trading hours on Friday, reaching $49.41. The stock had a trading volume of 2,696,636 shares, compared to its average volume of 2,190,592. The company’s fifty day moving average is $49.90. 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 issued its earnings results on Thursday, August 8th. The company reported $1.30 EPS for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.04. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Norwegian Cruise Line’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.21 EPS.

In other news, CEO Rio Frank J. Del sold 22,743 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $53.23, for a total transaction of $1,210,609.89. Following the completion of the transaction, the chief executive officer now directly owns 434,837 shares of the company’s stock, valued at approximately $23,146,373.51. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Rio Frank J. Del sold 3,077 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $56.52, for a total value of $173,912.04. Following the transaction, the chief executive officer now directly owns 453,968 shares of the company’s stock, valued at $25,658,271.36. The disclosure for this sale can be found here. Insiders sold 81,752 shares of company stock valued at $4,442,698 over the last three months. 0.98% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Norwegian Cruise Line during the 1st quarter worth approximately $89,000. Exane Derivatives raised its stake in shares of Norwegian Cruise Line by 41.3% during the 1st quarter. Exane Derivatives now owns 1,724 shares of the company’s stock worth $95,000 after buying an additional 504 shares during the period. NEXT Financial Group Inc raised its stake in shares of Norwegian Cruise Line by 53.6% during the 2nd quarter. NEXT Financial Group Inc now owns 2,351 shares of the company’s stock worth $126,000 after buying an additional 820 shares during the period. Advisory Services Network LLC raised its stake in shares of Norwegian Cruise Line by 721.9% during the 2nd quarter. Advisory Services Network LLC now owns 2,556 shares of the company’s stock worth $137,000 after buying an additional 2,245 shares during the period. Finally, Price Wealth Management Inc. acquired a new position in shares of Norwegian Cruise Line during the 2nd quarter worth approximately $141,000. 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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