Norwegian Cruise Line (NASDAQ:NCLH) Price Target Cut to $68.00

Norwegian Cruise Line (NASDAQ:NCLH) had its target price reduced by analysts at Deutsche Bank from $71.00 to $68.00 in a research report issued to clients and investors on Friday, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank’s target price suggests a potential upside of 39.92% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. set a €52.00 ($60.47) target price on shares of Vonovia and gave the company a “buy” rating in a research note on Friday, May 10th. Buckingham Research set a $30.00 target price on shares of Andersons and gave the company a “hold” rating in a research note on Wednesday, June 5th. UBS Group set a €86.00 ($100.00) target price on shares of Beiersdorf and gave the company a “sell” rating in a research note on Tuesday, May 14th. BidaskClub cut shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. Finally, Wells Fargo & Co restated a “buy” rating on shares of Amphastar Pharmaceuticals in a research note on Friday, May 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Norwegian Cruise Line presently has a consensus rating of “Buy” and an average target price of $64.85.

NCLH opened at $48.60 on Friday. The company’s 50-day moving average is $52.18. Norwegian Cruise Line has a 52-week low of $39.36 and a 52-week high of $59.71.

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

In other news, CEO Rio Frank J. Del sold 3,077 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $56.52, for a total transaction of $173,912.04. Following the completion of the sale, the chief executive officer now owns 453,968 shares of the company’s stock, valued at approximately $25,658,271.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jason Montague sold 10,805 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $57.50, for a total transaction of $621,287.50. Following the sale, the chief executive officer now directly owns 92,993 shares of the company’s stock, valued at approximately $5,347,097.50. The disclosure for this sale can be found here. Insiders have sold a total of 81,752 shares of company stock valued at $4,442,698 in the last ninety days. Insiders own 0.98% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in NCLH. Machina Capital S.A.S. purchased a new stake in Norwegian Cruise Line in the 4th quarter worth approximately $29,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Norwegian Cruise Line in the 1st quarter worth approximately $89,000. Great West Life Assurance Co. Can increased its holdings in Norwegian Cruise Line by 15.2% in the 4th quarter. Great West Life Assurance Co. Can now owns 2,196 shares of the company’s stock worth $93,000 after acquiring an additional 290 shares in the last quarter. Exane Derivatives increased its holdings in Norwegian Cruise Line by 41.3% in the 1st quarter. Exane Derivatives now owns 1,724 shares of the company’s stock worth $95,000 after acquiring an additional 504 shares in the last quarter. Finally, Advisor Group Inc. increased its holdings in Norwegian Cruise Line by 24.8% in the 4th quarter. Advisor Group Inc. now owns 2,619 shares of the company’s stock worth $111,000 after acquiring an additional 520 shares in the last quarter. 88.85% of the stock is owned by institutional investors.

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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