Norwegian Cruise Line (NYSE:NCLH) Price Target Raised to $26.00

by · The Cerbat Gem

Norwegian Cruise Line (NYSE:NCLH – Get Free Report) had its price target hoisted by Morgan Stanley from $19.00 to $26.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Morgan Stanley’s price target indicates a potential downside of 4.76% from the company’s previous close.

Several other equities analysts have also commented on the company. Truist Financial upped their price target on Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. StockNews.com raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Macquarie boosted their price target on shares of Norwegian Cruise Line from $24.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Tigress Financial increased their price objective on shares of Norwegian Cruise Line from $32.00 to $36.00 and gave the stock a “strong-buy” rating in a research report on Monday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Norwegian Cruise Line has a consensus rating of “Hold” and an average price target of $27.60.

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Norwegian Cruise Line Stock Down 2.0 %

NCLH stock opened at $27.30 on Tuesday. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The firm has a 50-day moving average of $22.15 and a two-hundred day moving average of $19.01. Norwegian Cruise Line has a 12 month low of $13.66 and a 12 month high of $28.11. The company has a market cap of $12.00 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 0.29 and a beta of 2.67.

Norwegian Cruise Line (NYSE:NCLH – Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.05. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 earnings per share. As a group, analysts forecast that Norwegian Cruise Line will post 1.64 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Andrea Demarco sold 29,000 shares of the company’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 completion of the transaction, the insider now directly owns 97,304 shares of the company’s stock, valued at $2,701,159.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Mark Kempa sold 15,000 shares of the business’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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andrea Demarco sold 29,000 shares of the firm’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 owns 97,304 shares in the company, valued at $2,701,159.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,344 shares of company stock worth $2,269,731. 0.52% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Transcendent Capital Group LLC purchased a new stake in Norwegian Cruise Line in the 1st quarter valued at $27,000. Avior Wealth Management LLC increased its stake in Norwegian Cruise Line by 34.1% in the third quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock valued at $35,000 after purchasing an additional 429 shares during the period. Sentry Investment Management LLC purchased a new stake in shares of Norwegian Cruise Line in the second quarter valued at about $39,000. Blue Trust Inc. boosted its stake in shares of Norwegian Cruise Line by 489.8% during the third quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock worth $41,000 after buying an additional 1,817 shares during the period. Finally, Brooklyn Investment Group purchased a new position in shares of Norwegian Cruise Line during the third quarter worth about $56,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

About Norwegian Cruise Line

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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.

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