Tigress Financial Forecasts Strong Price Appreciation for Norwegian Cruise Line (NYSE:NCLH) Stock

Norwegian Cruise Line (NYSE:NCLH) had its target price hoisted by Tigress Financial from $32.00 to $36.00 in a research report report published on Monday morning,Benzinga reports. They currently have a strong-buy rating on the stock.

Several other research analysts have also issued reports on the company. Mizuho boosted their target price on Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their price objective on Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Macquarie lifted their target price on Norwegian Cruise Line from $24.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Susquehanna upped their price target on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, Bank of America lifted their price objective on shares of Norwegian Cruise Line from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Norwegian Cruise Line currently has a consensus rating of “Hold” and a consensus price target of $27.60.

Norwegian Cruise Line Price Performance

NYSE:NCLH opened at $26.67 on Monday. The firm has a market capitalization of $11.73 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 0.29 and a beta of 2.67. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The business has a 50 day simple moving average of $22.35 and a 200-day simple moving average of $19.07. Norwegian Cruise Line has a 1 year low of $14.10 and a 1 year high of $28.11.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates 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 business’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 earnings per share. Equities analysts forecast that Norwegian Cruise Line will post 1.64 EPS for the current year.

Insider Buying and Selling at Norwegian Cruise Line

In other Norwegian Cruise Line news, CAO Faye L. Ashby sold 38,344 shares of the 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 completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Mark Kempa sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total value of $417,900.00. Following the completion of the sale, the chief financial officer now directly owns 253,386 shares of the company’s stock, valued at approximately $7,059,333.96. This represents a 5.59 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 82,344 shares of company stock valued at $2,269,731. 0.52% of the stock is currently owned by insiders.

Institutional Trading of Norwegian Cruise Line

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Norwegian Cruise Line by 0.7% in the first quarter. Vanguard Group Inc. now owns 49,539,911 shares of the company’s stock worth $1,036,870,000 after buying an additional 324,287 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Norwegian Cruise Line by 120.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock valued at $470,889,000 after purchasing an additional 12,313,426 shares during the last quarter. Capital International Investors increased its holdings in shares of Norwegian Cruise Line by 0.5% in the first quarter. Capital International Investors now owns 20,216,746 shares of the company’s stock valued at $423,136,000 after purchasing an additional 102,948 shares during the period. Baillie Gifford & Co. purchased a new position in shares of Norwegian Cruise Line in the third quarter worth about $179,146,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of 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 purchasing an additional 1,129,770 shares during the period. 69.58% of the stock is currently 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.