A number of other analysts have also weighed in on the stock. Buckingham Research started coverage on shares of Norwegian Cruise Line Holdings in a research note on Friday, February 19th. They issued a “buy” rating and a $60.00 price target for the company. Citigroup Inc. reduced their price target on shares of Norwegian Cruise Line Holdings from $73.00 to $67.00 and set a “buy” rating for the company in a research note on Wednesday, December 2nd. Goldman Sachs reduced their price target on shares of Norwegian Cruise Line Holdings from $50.00 to $43.00 and set a “sell” rating for the company in a research note on Friday, January 29th. Wolfe Research raised shares of Norwegian Cruise Line Holdings from a “market perform” rating to an “outperform” rating in a research note on Friday, January 29th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Norwegian Cruise Line Holdings from $70.00 to $62.00 and set an “overweight” rating for the company in a research note on Wednesday, February 24th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $62.75.
In related news, Vice Chairman Robert Binder sold 31,424 shares of the stock in a transaction dated Monday, December 7th. The shares were sold at an average price of $58.29, for a total transaction of $1,831,704.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Chad A. Leat bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 2nd. The shares were purchased at an average price of $58.30 per share, with a total value of $291,500.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $291,500.
An institutional investor recently raised its position in Norwegian Cruise Line Holdings stock. Janus Capital Management boosted its position in Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) by 134.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,371,314 shares of the company’s stock after buying an additional 4,229,256 shares during the period. Janus Capital Management owned 3.21% of Norwegian Cruise Line Holdings worth $422,381,000 as of its most recent filing with the SEC.
Shares of Norwegian Cruise Line Holdings (NASDAQ:NCLH) opened at 49.13 on Tuesday. Norwegian Cruise Line Holdings has a 12 month low of $37.01 and a 12 month high of $64.27. The stock has a market cap of $11.27 billion and a P/E ratio of 30.59. The company has a 50 day moving average of $45.43 and a 200 day moving average of $55.44.
Norwegian Cruise Line Holdings (NASDAQ:NCLH) last announced its earnings results on Tuesday, February 23rd. The company reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.51. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the business earned $0.36 EPS. The company’s revenue for the quarter was up 31.4% compared to the same quarter last year. Equities research analysts expect that Norwegian Cruise Line Holdings will post $3.79 earnings per share for the current fiscal year.
Norwegian Cruise Line Holdings Ltd. is a diversified cruise operator. The Company operates cruise lines under the Norwegian, Oceania and Regent brands. Norwegian offers cruises ranging in length from one day to three weeks. Each of Norwegian’s 13 ships has been built to consistently deliver the Freestyle Cruising product offering.
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