Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Receives $29.27 Average Target Price from Brokerages

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) has received an average recommendation of “Moderate Buy” from the sixteen research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $29.27.

NCLH has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Stifel Nicolaus increased their price target on shares of Norwegian Cruise Line from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Macquarie boosted their price objective on shares of Norwegian Cruise Line from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Wells Fargo & Company upped their target price on Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Finally, Morgan Stanley lifted their price target on Norwegian Cruise Line from $19.00 to $26.00 and gave the company an “underweight” rating in a research note on Tuesday, November 12th.

Insider Buying and Selling

In other news, insider Andrea Demarco sold 29,000 shares of Norwegian Cruise Line stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $27.76, for a total value of $805,040.00. Following the completion of the transaction, the insider now directly owns 97,304 shares of the company’s stock, valued at approximately $2,701,159.04. This trade represents a 22.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Mark Kempa sold 15,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $27.86, for a total value of $417,900.00. Following the sale, the chief financial officer now owns 253,386 shares in the company, valued at approximately $7,059,333.96. The trade was a 5.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 82,344 shares of company stock valued at $2,269,731 over the last 90 days. 0.52% of the stock is owned by insiders.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of large investors have recently bought and sold shares of NCLH. Principal Financial Group Inc. increased its position in Norwegian Cruise Line by 6.2% in the 3rd quarter. Principal Financial Group Inc. now owns 514,087 shares of the company’s stock valued at $10,544,000 after buying an additional 30,182 shares in the last quarter. Retirement Systems of Alabama lifted its position in Norwegian Cruise Line by 0.9% in the 3rd quarter. Retirement Systems of Alabama now owns 95,480 shares of the company’s stock valued at $1,958,000 after acquiring an additional 841 shares in the last quarter. Synovus Financial Corp increased its holdings in Norwegian Cruise Line by 7.4% during the 3rd quarter. Synovus Financial Corp now owns 88,208 shares of the company’s stock worth $1,809,000 after purchasing an additional 6,072 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Norwegian Cruise Line by 7.1% in the third quarter. Tidal Investments LLC now owns 28,425 shares of the company’s stock worth $583,000 after purchasing an additional 1,890 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its position in shares of Norwegian Cruise Line by 6.7% during the third quarter. Coldstream Capital Management Inc. now owns 13,910 shares of the company’s stock valued at $290,000 after buying an additional 868 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Norwegian Cruise Line Trading Down 2.2 %

Shares of Norwegian Cruise Line stock opened at $25.75 on Thursday. The firm has a 50-day moving average of $26.18 and a 200-day moving average of $21.30. Norwegian Cruise Line has a 52-week low of $14.69 and a 52-week high of $28.64. The stock has a market cap of $11.32 billion, a PE ratio of 23.62, a PEG ratio of 0.30 and a beta of 2.65. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.05. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.71 EPS. As a group, sell-side analysts forecast that Norwegian Cruise Line will post 1.51 EPS for the current year.

About Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various ports, including Scandinavia, Northern Europe, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean.