Norwegian Cruise Line’s (NCLH) Buy Rating Reiterated at Nomura

Norwegian Cruise Line (NASDAQ:NCLH)‘s stock had its “buy” rating restated by equities researchers at Nomura in a note issued to investors on Wednesday, AnalystRatings.com reports. They presently have a $70.00 target price on the stock. Nomura’s price objective would indicate a potential upside of 27.78% from the company’s current price.

Several other analysts also recently issued reports on NCLH. Tigress Financial reissued a “buy” rating on shares of Norwegian Cruise Line in a research report on Tuesday, November 26th. BidaskClub upgraded shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Monday, November 25th. Argus set a $68.00 price objective on shares of Norwegian Cruise Line and gave the company a “buy” rating in a research note on Wednesday, September 4th. Macquarie set a $65.00 price objective on shares of Norwegian Cruise Line and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Stifel Nicolaus set a $65.00 price objective on shares of Norwegian Cruise Line and gave the company a “buy” rating in a report on Sunday, November 3rd. Two investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $65.19.

Shares of NASDAQ:NCLH opened at $54.78 on Wednesday. Norwegian Cruise Line has a 52-week low of $39.36 and a 52-week high of $59.71. The business’s 50 day simple moving average is $52.75 and its two-hundred day simple moving average is $51.59.

Norwegian Cruise Line (NASDAQ:NCLH) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.15 by $0.08. The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the firm earned $2.27 EPS. The company’s revenue was up 3.0% compared to the same quarter last year.

In related news, CEO Rio Frank J. Del sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $53.39, for a total transaction of $213,560.00. Also, CEO Andrew Stuart sold 245,364 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $53.49, for a total transaction of $13,124,520.36. In the last quarter, insiders sold 257,364 shares of company stock valued at $13,753,202. Company insiders own 0.98% of the company’s stock.

Large investors have recently bought and sold shares of the business. FMR LLC boosted its stake in shares of Norwegian Cruise Line by 27.6% in the 1st quarter. FMR LLC now owns 245,566 shares of the company’s stock worth $13,497,000 after buying an additional 53,190 shares during the last quarter. Strs Ohio raised its stake in shares of Norwegian Cruise Line by 51.1% during the 2nd quarter. Strs Ohio now owns 7,973 shares of the company’s stock worth $427,000 after purchasing an additional 2,697 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Norwegian Cruise Line by 54.7% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 20,836 shares of the company’s stock worth $1,117,000 after buying an additional 7,371 shares during the last quarter. Dupont Capital Management Corp boosted its holdings in shares of Norwegian Cruise Line by 1,152.0% in the 2nd quarter. Dupont Capital Management Corp now owns 52,432 shares of the company’s stock worth $2,812,000 after buying an additional 48,244 shares during the last quarter. Finally, KBC Group NV grew its position in Norwegian Cruise Line by 67.9% during the second quarter. KBC Group NV now owns 93,531 shares of the company’s stock valued at $5,016,000 after buying an additional 37,840 shares during the period. Hedge funds and other institutional investors own 88.85% of the company’s stock.

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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