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

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) have been given an average rating of “Moderate Buy” by the sixteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $29.27.

A number of equities research analysts recently issued reports on NCLH shares. Truist Financial increased their price target on Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Tigress Financial raised their price target on Norwegian Cruise Line from $32.00 to $36.00 and gave the stock a “strong-buy” rating in a research report on Monday, November 11th. Argus raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Mizuho increased their price objective on shares of 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 boosted their target price on shares of Norwegian Cruise Line from $21.00 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st.

Insider Activity

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

Institutional Investors Weigh In On Norwegian Cruise Line

Several institutional investors and hedge funds have recently made changes to their positions in NCLH. Baillie Gifford & Co. acquired a new position in Norwegian Cruise Line in the third quarter valued at approximately $179,146,000. Two Sigma Advisers LP lifted its position in shares of 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 acquiring an additional 3,464,100 shares during the period. Wedge Capital Management L L P NC bought a new position in Norwegian Cruise Line during the fourth quarter worth $43,956,000. Dimensional Fund Advisors LP boosted its stake in Norwegian Cruise Line by 32.9% during the second quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock worth $85,835,000 after acquiring an additional 1,129,770 shares in the last quarter. Finally, ING Groep NV grew its holdings in Norwegian Cruise Line by 1,340.3% in the third quarter. ING Groep NV now owns 831,505 shares of the company’s stock worth $17,054,000 after purchasing an additional 773,772 shares during the period. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Down 2.8 %

NCLH stock opened at $25.68 on Monday. The business’s fifty day moving average price is $26.45 and its two-hundred day moving average price is $22.39. The stock has a market capitalization of $11.29 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 0.24 and a beta of 2.64. Norwegian Cruise Line has a fifty-two week low of $14.69 and a fifty-two week high of $28.64. 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 (NYSE:NCLH) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.05. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The business had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the previous year, the company earned $0.71 EPS. The business’s revenue was up 10.7% on a year-over-year basis. On average, equities analysts anticipate that Norwegian Cruise Line will post 1.5 earnings per share for the current year.

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.