Norwegian Cruise Line (NYSE:NCLH) Stock Rating Reaffirmed by Tigress Financial

Norwegian Cruise Line (NYSE:NCLH)‘s stock had its “strong-buy” rating reiterated by equities research analysts at Tigress Financial in a research note issued to investors on Friday, Benzinga reports. They currently have a $32.00 target price on the stock. Tigress Financial’s price target would suggest a potential upside of 103.30% from the stock’s previous close.

NCLH has been the subject of a number of other reports. Macquarie lifted their target price on shares of Norwegian Cruise Line from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. The Goldman Sachs Group upped their price target on Norwegian Cruise Line from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, May 28th. Mizuho raised shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and increased their price target for the stock from $21.00 to $24.00 in a research report on Tuesday, May 28th. Wells Fargo & Company upped their target price on shares of Norwegian Cruise Line from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 21st. Finally, Morgan Stanley lifted their price objective on Norwegian Cruise Line from $16.50 to $17.50 and gave the company an “underweight” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $22.38.

Norwegian Cruise Line Stock Up 1.4 %

Shares of NYSE:NCLH traded up $0.22 during trading on Friday, hitting $15.74. The company’s stock had a trading volume of 10,863,420 shares, compared to its average volume of 13,078,546. The company has a market capitalization of $6.75 billion, a PE ratio of 22.49, a PEG ratio of 0.29 and a beta of 2.69. The company has a debt-to-equity ratio of 17.19, a quick ratio of 0.22 and a current ratio of 0.24. Norwegian Cruise Line has a fifty-two week low of $12.70 and a fifty-two week high of $21.73. The stock’s 50-day moving average price is $17.94 and its two-hundred day moving average price is $17.94.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter last year, the company earned $0.20 EPS. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, sell-side analysts expect that Norwegian Cruise Line will post 1.17 EPS for the current year.

Insider Transactions at Norwegian Cruise Line

In other news, Director Zillah Byng-Thorne purchased 13,360 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was bought at an average price of $16.50 per share, with a total value of $220,440.00. Following the acquisition, the director now owns 13,360 shares in the company, valued at approximately $220,440. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Norwegian Cruise Line

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James & Associates increased its position in shares of Norwegian Cruise Line by 5.8% during the fourth quarter. Raymond James & Associates now owns 97,266 shares of the company’s stock worth $1,949,000 after buying an additional 5,315 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Norwegian Cruise Line by 1,934.1% in the 4th quarter. International Assets Investment Management LLC now owns 230,099 shares of the company’s stock worth $4,611,000 after buying an additional 218,787 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Norwegian Cruise Line by 5.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 86,425 shares of the company’s stock valued at $1,732,000 after acquiring an additional 4,716 shares during the period. Bleakley Financial Group LLC bought a new position in Norwegian Cruise Line during the fourth quarter valued at $277,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Norwegian Cruise Line during the 4th quarter worth $367,000. 69.58% of the stock is owned by institutional investors.

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.