Norwegian Cruise Line (NCLH) PT Raised to $62.00 at UBS Group

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Norwegian Cruise Line (NASDAQ:NCLH) had its price objective raised by UBS Group from $58.00 to $62.00 in a research report issued on Tuesday, BenzingaRatingsTable reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective would indicate a potential upside of 10.12% from the company’s current price.

A number of other research analysts have also recently commented on the stock. BidaskClub raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. Morgan Stanley raised shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $58.00 to $62.00 in a research report on Wednesday, February 6th. Deutsche Bank set a $65.00 target price on shares of Norwegian Cruise Line and gave the company a “buy” rating in a research report on Sunday, February 17th. Wells Fargo & Co upped their target price on shares of Norwegian Cruise Line from $65.00 to $68.00 and gave the company an “outperform” rating in a research report on Monday, February 25th. Finally, Macquarie raised shares of Norwegian Cruise Line from a “neutral” rating to an “outperform” rating and set a $65.00 target price on the stock in a research report on Monday, February 25th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $67.00.

Shares of NCLH stock opened at $56.30 on Tuesday. Norwegian Cruise Line has a twelve month low of $39.36 and a twelve month high of $59.71.

Norwegian Cruise Line (NASDAQ:NCLH) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.12. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. The company’s revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS.

In other news, EVP Daniel S. Farkas sold 11,559 shares of the stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $55.66, for a total transaction of $643,373.94. Following the sale, the executive vice president now owns 75,461 shares of the company’s stock, valued at $4,200,159.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Stuart sold 42,000 shares of the stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $55.95, for a total transaction of $2,349,900.00. Following the sale, the chief executive officer now directly owns 389,434 shares in the company, valued at approximately $21,788,832.30. The disclosure for this sale can be found here. Insiders have sold 104,584 shares of company stock worth $5,803,853 in the last three months. Corporate insiders own 0.98% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of NCLH. Boston Advisors LLC increased its stake in shares of Norwegian Cruise Line by 0.9% during the first quarter. Boston Advisors LLC now owns 22,849 shares of the company’s stock worth $1,256,000 after buying an additional 195 shares during the period. LPL Financial LLC increased its stake in shares of Norwegian Cruise Line by 4.7% during the fourth quarter. LPL Financial LLC now owns 5,070 shares of the company’s stock worth $215,000 after buying an additional 227 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of Norwegian Cruise Line by 15.2% during the fourth quarter. Great West Life Assurance Co. Can now owns 2,196 shares of the company’s stock worth $93,000 after buying an additional 290 shares during the period. World Asset Management Inc increased its stake in shares of Norwegian Cruise Line by 2.6% during the fourth quarter. World Asset Management Inc now owns 12,469 shares of the company’s stock worth $529,000 after buying an additional 320 shares during the period. Finally, Nissay Asset Management Corp Japan ADV increased its stake in shares of Norwegian Cruise Line by 2.2% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 16,184 shares of the company’s stock worth $686,000 after buying an additional 356 shares during the period. 88.85% of the stock is currently 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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