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

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) have earned a consensus rating of “Moderate Buy” from the sixteen analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $29.27.

Several equities research analysts recently issued reports on NCLH shares. Mizuho upped their price target on Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. UBS Group raised their price target on shares of Norwegian Cruise Line from $19.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. StockNews.com raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Barclays raised shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $28.00 to $32.00 in a research report on Friday, December 13th. Finally, Truist Financial upped their target price on Norwegian Cruise Line from $25.00 to $35.00 and gave the company a “buy” rating in a report on Monday, December 2nd.

Insider Buying and Selling at Norwegian Cruise Line

In other Norwegian Cruise Line news, CAO Faye L. Ashby sold 38,344 shares of the business’s stock in a transaction on Friday, November 8th. The shares were 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 owns 116,270 shares of the company’s stock, valued at $3,174,171. The trade was a 24.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Andrea Demarco sold 29,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now directly owns 97,304 shares of the company’s stock, valued at $2,701,159.04. The trade was a 22.96 % decrease in their ownership of the stock. 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 three months. 0.52% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Caprock Group LLC purchased a new position in Norwegian Cruise Line during the fourth quarter valued at approximately $219,000. Hanson & Doremus Investment Management grew its position in shares of Norwegian Cruise Line by 3.2% during the 4th quarter. Hanson & Doremus Investment Management now owns 80,627 shares of the company’s stock valued at $2,075,000 after purchasing an additional 2,518 shares in the last quarter. Smith Group Asset Management LLC bought a new position in shares of Norwegian Cruise Line in the fourth quarter worth $304,000. R Squared Ltd purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter worth $31,000. Finally, Patriot Financial Group Insurance Agency LLC boosted its stake in Norwegian Cruise Line by 5.4% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 15,395 shares of the company’s stock valued at $396,000 after buying an additional 784 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Performance

NCLH opened at $25.68 on Monday. The company has a market cap of $11.29 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 0.24 and a beta of 2.64. The company’s fifty day moving average price is $26.45 and its two-hundred day moving average price is $22.39. Norwegian Cruise Line has a 1-year low of $14.69 and a 1-year high of $28.64. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings results 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 business had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.77 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.71 EPS. On average, analysts expect that Norwegian Cruise Line will post 1.5 EPS for the current fiscal 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.