Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Receives $27.60 Average Price Target from Brokerages

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) has been given an average recommendation of “Hold” by the sixteen ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $28.27.

NCLH has been the subject of several analyst reports. Bank of America boosted their target price on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Citigroup raised shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $20.00 to $30.00 in a research report on Wednesday, October 9th. Tigress Financial lifted their target price on shares of Norwegian Cruise Line from $32.00 to $36.00 and gave the stock a “strong-buy” rating in a research note on Monday, November 11th. Mizuho increased their price target on Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company raised their price objective on Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st.

Norwegian Cruise Line Stock Up 0.1 %

NCLH stock opened at $27.65 on Friday. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. Norwegian Cruise Line has a 12 month low of $14.69 and a 12 month high of $28.64. The firm has a market capitalization of $12.16 billion, a PE ratio of 25.37, a P/E/G ratio of 0.31 and a beta of 2.65. The company’s 50 day simple moving average is $24.90 and its 200-day simple moving average is $20.30.

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

Insider Activity

In related news, CAO Faye L. Ashby sold 38,344 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $27.30, for a total transaction of $1,046,791.20. Following the sale, the chief accounting officer now directly owns 116,270 shares in the company, valued at approximately $3,174,171. This trade represents a 24.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Andrea Demarco sold 29,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $27.76, for a total value of $805,040.00. Following the transaction, the insider now directly owns 97,304 shares in the company, valued at $2,701,159.04. This trade represents a 22.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,344 shares of company stock valued at $2,269,731. Company insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of large investors have recently added to or reduced their stakes in the company. Baillie Gifford & Co. purchased a new position in Norwegian Cruise Line in the 3rd quarter valued at about $179,146,000. Two Sigma Advisers LP grew its stake in Norwegian Cruise Line by 864.9% during the 3rd quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company’s stock valued at $79,263,000 after purchasing an additional 3,464,100 shares in the last quarter. Columbus Hill Capital Management L.P. acquired a new stake in Norwegian Cruise Line during the 2nd quarter valued at approximately $23,479,000. Dimensional Fund Advisors LP grew its stake in Norwegian Cruise Line by 32.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock valued at $85,835,000 after purchasing an additional 1,129,770 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new stake in Norwegian Cruise Line during the 2nd quarter worth approximately $15,213,000. 69.58% of the stock is owned by institutional investors and hedge funds.

Norwegian Cruise Line Company Profile

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.