Stifel Nicolaus Reaffirms Buy Rating for Norwegian Cruise Line Holdings Ltd. (NCLH)

Stifel Nicolaus reaffirmed their buy rating on shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) in a research report released on Thursday morning, Marketbeat reports. Stifel Nicolaus currently has a $67.00 price objective on the stock, down from their prior price objective of $69.00.

Several other equities analysts also recently weighed in on NCLH. Barclays PLC lifted their price target on shares of Norwegian Cruise Line Holdings from $59.00 to $64.00 and gave the company an overweight rating in a report on Thursday, August 10th. Buckingham Research lifted their price target on shares of Norwegian Cruise Line Holdings from $70.00 to $75.00 and gave the company a buy rating in a report on Wednesday, August 9th. Nomura lifted their price target on shares of Norwegian Cruise Line Holdings from $62.00 to $69.00 and gave the company a buy rating in a report on Wednesday, August 9th. UBS AG reaffirmed a neutral rating and set a $60.00 price target (up previously from $51.00) on shares of Norwegian Cruise Line Holdings in a report on Thursday, August 10th. Finally, Zacks Investment Research downgraded shares of Norwegian Cruise Line Holdings from a buy rating to a hold rating in a report on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. Norwegian Cruise Line Holdings has an average rating of Hold and an average target price of $59.87.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) traded down 0.81% during midday trading on Thursday, hitting $53.73. The stock had a trading volume of 3,472,004 shares. Norwegian Cruise Line Holdings has a one year low of $35.21 and a one year high of $61.48. The stock’s 50-day moving average is $56.36 and its 200-day moving average is $54.19. The company has a market cap of $12.26 billion, a P/E ratio of 18.09 and a beta of 1.12.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.05. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.31 billion. Norwegian Cruise Line Holdings had a net margin of 13.22% and a return on equity of 16.65%. During the same quarter last year, the firm posted $0.85 earnings per share. The firm’s revenue was up 13.3% compared to the same quarter last year. Equities analysts predict that Norwegian Cruise Line Holdings will post $3.97 EPS for the current fiscal year.

WARNING: This story was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another domain, it was stolen and reposted in violation of United States & international copyright law. The original version of this story can be accessed at https://ledgergazette.com/2017/10/22/stifel-nicolaus-reaffirms-buy-rating-for-norwegian-cruise-line-holdings-ltd-nclh.html.

In other news, major shareholder Apollo Management Holdings Gp, sold 5,625,000 shares of Norwegian Cruise Line Holdings stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $54.57, for a total transaction of $306,956,250.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Harry Sommer sold 11,807 shares of Norwegian Cruise Line Holdings stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $58.42, for a total transaction of $689,764.94. Following the sale, the executive vice president now owns 42,195 shares in the company, valued at approximately $2,465,031.90. The disclosure for this sale can be found here. Company insiders own 0.98% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Aviance Capital Management LLC bought a new stake in shares of Norwegian Cruise Line Holdings during the second quarter valued at approximately $103,000. Toronto Dominion Bank increased its position in Norwegian Cruise Line Holdings by 12.4% in the second quarter. Toronto Dominion Bank now owns 1,956 shares of the company’s stock worth $106,000 after purchasing an additional 216 shares during the last quarter. BB&T Investment Services Inc. bought a new stake in Norwegian Cruise Line Holdings in the second quarter worth $121,000. Pacer Advisors Inc. bought a new stake in Norwegian Cruise Line Holdings in the second quarter worth $197,000. Finally, Nom

Several other equities analysts also recently weighed in on NCLH. Barclays PLC lifted their price target on shares of Norwegian Cruise Line Holdings from $59.00 to $64.00 and gave the company an overweight rating in a report on Thursday, August 10th. Buckingham Research lifted their price target on shares of Norwegian Cruise Line Holdings from $70.00 to $75.00 and gave the company a buy rating in a report on Wednesday, August 9th. Nomura lifted their price target on shares of Norwegian Cruise Line Holdings from $62.00 to $69.00 and gave the company a buy rating in a report on Wednesday, August 9th. UBS AG reaffirmed a neutral rating and set a $60.00 price target (up previously from $51.00) on shares of Norwegian Cruise Line Holdings in a report on Thursday, August 10th. Finally, Zacks Investment Research downgraded shares of Norwegian Cruise Line Holdings from a buy rating to a hold rating in a report on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. Norwegian Cruise Line Holdings has an average rating of Hold and an average target price of $59.87.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) traded down 0.81% during midday trading on Thursday, hitting $53.73. The stock had a trading volume of 3,472,004 shares. Norwegian Cruise Line Holdings has a one year low of $35.21 and a one year high of $61.48. The stock’s 50-day moving average is $56.36 and its 200-day moving average is $54.19. The company has a market cap of $12.26 billion, a P/E ratio of 18.09 and a beta of 1.12.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.05. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.31 billion. Norwegian Cruise Line Holdings had a net margin of 13.22% and a return on equity of 16.65%. During the same quarter last year, the firm posted $0.85 earnings per share. The firm’s revenue was up 13.3% compared to the same quarter last year. Equities analysts predict that Norwegian Cruise Line Holdings will post $3.97 EPS for the current fiscal year.

WARNING: This story was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another domain, it was stolen and reposted in violation of United States & international copyright law. The original version of this story can be accessed at https://ledgergazette.com/2017/10/22/stifel-nicolaus-reaffirms-buy-rating-for-norwegian-cruise-line-holdings-ltd-nclh.html.

In other news, major shareholder Apollo Management Holdings Gp, sold 5,625,000 shares of Norwegian Cruise Line Holdings stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $54.57, for a total transaction of $306,956,250.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Harry Sommer sold 11,807 shares of Norwegian Cruise Line Holdings stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $58.42, for a total transaction of $689,764.94. Following the sale, the executive vice president now owns 42,195 shares in the company, valued at approximately $2,465,031.90. The disclosure for this sale can be found here. Company insiders own 0.98% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Aviance Capital Management LLC bought a new stake in shares of Norwegian Cruise Line Holdings during the second quarter valued at approximately $103,000. Toronto Dominion Bank increased its position in Norwegian Cruise Line Holdings by 12.4% in the second quarter. Toronto Dominion Bank now owns 1,956 shares of the company’s stock worth $106,000 after purchasing an additional 216 shares during the last quarter. BB&T Investment Services Inc. bought a new stake in Norwegian Cruise Line Holdings in the second quarter worth $121,000. Pacer Advisors Inc. bought a new stake in Norwegian Cruise Line Holdings in the second quarter worth $197,000. Finally, Nomura Holdings Inc. bought a new stake in Norwegian Cruise Line Holdings in the first quarter worth $204,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

About Norwegian Cruise Line Holdings

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.

Analyst Recommendations for Norwegian Cruise Line Holdings (NASDAQ:NCLH)

Receive News & Ratings for Norwegian Cruise Line Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwegian Cruise Line Holdings Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply