Norwegian Cruise Line (NASDAQ:NCLH) had its target price upped by analysts at Wedbush from $44.00 to $65.00 in a report released on Friday, February 22nd. The brokerage currently has an “outperform” rating on the stock. Wedbush’s price target indicates a potential upside of 16.34% from the company’s current price.
Several other research firms have also weighed in on NCLH. BidaskClub lowered shares of Norwegian Cruise Line from a “sell” rating to a “strong sell” rating in a report on Saturday, October 27th. Macquarie raised shares of Norwegian Cruise Line from an “underperform” rating to a “neutral” rating and set a $55.00 price objective on the stock in a report on Thursday, November 1st. Deutsche Bank set a $68.00 price objective on shares of Norwegian Cruise Line and gave the stock a “buy” rating in a report on Friday, November 9th. Citigroup decreased their price objective on shares of Norwegian Cruise Line from $62.00 to $59.00 and set a “buy” rating on the stock in a report on Monday, November 19th. Finally, Wolfe Research set a $64.00 price objective on shares of Norwegian Cruise Line and gave the stock a “buy” rating in a report on Tuesday, December 11th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $64.92.
NASDAQ:NCLH traded down $0.24 during trading hours on Friday, hitting $55.87. 2,116,152 shares of the company traded hands, compared to its average volume of 2,163,275. Norwegian Cruise Line has a twelve month low of $39.36 and a twelve month high of $58.09.
Norwegian Cruise Line (NASDAQ:NCLH) last announced its quarterly earnings data on Thursday, February 21st. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.06. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the company posted $0.68 EPS. The company’s quarterly revenue was up 10.5% compared to the same quarter last year.
In related news, CEO Rio Frank J. Del sold 6,154 shares of the stock in a transaction that occurred on Wednesday, January 30th. The shares were sold at an average price of $50.44, for a total value of $310,407.76. Following the sale, the chief executive officer now directly owns 295,767 shares in the company, valued at approximately $14,918,487.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Stuart sold 42,000 shares of the stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $55.95, for a total transaction of $2,349,900.00. Following the completion of the sale, the chief executive officer now owns 389,434 shares in the company, valued at $21,788,832.30. The disclosure for this sale can be found here. Insiders sold a total of 107,661 shares of company stock worth $5,934,318 in the last ninety days. Insiders own 0.98% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Sterling Investment Advisors Ltd. acquired a new stake in Norwegian Cruise Line during the 4th quarter worth approximately $42,000. Exane Derivatives raised its holdings 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. Acadian Asset Management LLC acquired a new stake in Norwegian Cruise Line during the 4th quarter worth approximately $79,000. Parallel Advisors LLC raised its holdings in Norwegian Cruise Line by 273.5% during the 3rd quarter. Parallel Advisors LLC now owns 1,976 shares of the company’s stock worth $113,000 after buying an additional 1,447 shares during the period. Finally, First Mercantile Trust Co. raised its holdings in shares of Norwegian Cruise Line by 46.7% in the fourth quarter. First Mercantile Trust Co. now owns 1,980 shares of the company’s stock valued at $84,000 after purchasing an additional 630 shares during the last quarter. 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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