Norwegian Cruise Line (NASDAQ:NCLH)‘s stock had its “buy” rating restated by stock analysts at JPMorgan Chase & Co. in a report issued on Thursday.

Several other research firms have also weighed in on NCLH. Nomura dropped their price target on Norwegian Cruise Line from $72.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, August 10th. BidaskClub upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th. Zacks Investment Research lowered Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research report on Tuesday, July 3rd. Macquarie upgraded Norwegian Cruise Line from an “underperform” rating to a “neutral” rating and set a $55.00 price target on the stock in a research report on Friday, September 28th. Finally, Stifel Nicolaus boosted their target price on Norwegian Cruise Line from $70.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, August 10th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $64.91.

Shares of NASDAQ NCLH traded up $0.08 during mid-day trading on Thursday, hitting $50.70. 3,273,154 shares of the stock traded hands, compared to its average volume of 1,943,585. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.31 and a current ratio of 0.34. Norwegian Cruise Line has a 52 week low of $46.16 and a 52 week high of $61.18.

Norwegian Cruise Line (NASDAQ:NCLH) last released its quarterly earnings results on Thursday, August 9th. The company reported $1.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.18. Norwegian Cruise Line had a return on equity of 16.97% and a net margin of 13.91%. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company posted $1.02 earnings per share. The firm’s revenue was up 13.2% on a year-over-year basis. As a group, equities analysts predict that Norwegian Cruise Line will post 3.66 EPS for the current year.

In other Norwegian Cruise Line news, CEO Rio Frank J. Del sold 3,077 shares of the business’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $55.99, for a total value of $172,281.23. Following the sale, the chief executive officer now directly owns 308,967 shares of the company’s stock, valued at $17,299,062.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rio Frank J. Del sold 10,657 shares of the business’s stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $49.10, for a total value of $523,258.70. Following the completion of the sale, the chief executive officer now directly owns 324,286 shares in the company, valued at $15,922,442.60. The disclosure for this sale can be found here. Insiders sold 19,888 shares of company stock worth $1,009,209 over the last three months. Corporate insiders own 0.98% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in NCLH. Bank of Montreal Can lifted its holdings in shares of Norwegian Cruise Line by 41.0% during the third quarter. Bank of Montreal Can now owns 144,401 shares of the company’s stock valued at $8,291,000 after purchasing an additional 41,983 shares in the last quarter. Gradient Investments LLC lifted its holdings in shares of Norwegian Cruise Line by 39.4% during the third quarter. Gradient Investments LLC now owns 19,394 shares of the company’s stock valued at $1,114,000 after purchasing an additional 5,486 shares in the last quarter. Oliver Luxxe Assets LLC lifted its holdings in shares of Norwegian Cruise Line by 5.6% during the third quarter. Oliver Luxxe Assets LLC now owns 17,956 shares of the company’s stock valued at $973,000 after purchasing an additional 960 shares in the last quarter. Advisors Capital Management LLC lifted its holdings in shares of Norwegian Cruise Line by 10.6% during the third quarter. Advisors Capital Management LLC now owns 67,934 shares of the company’s stock valued at $3,901,000 after purchasing an additional 6,498 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Norwegian Cruise Line by 1.8% during the third quarter. State of Alaska Department of Revenue now owns 56,905 shares of the company’s stock valued at $3,266,000 after purchasing an additional 995 shares in the last quarter. 88.85% of the stock is currently owned by institutional investors and hedge funds.

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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