Analysts Set Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Target Price at $29.27

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) has been assigned an average rating of “Moderate Buy” from the sixteen ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $29.27.

A number of research analysts have commented on the stock. Citigroup upgraded shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and increased their price target for the company from $20.00 to $30.00 in a research report on Wednesday, October 9th. Morgan Stanley lifted their target price on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group upgraded shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and upped their price target for the company from $29.00 to $35.00 in a research report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Finally, Macquarie restated an “outperform” rating and set a $30.00 target price on shares of Norwegian Cruise Line in a report on Friday, January 17th.

Norwegian Cruise Line Trading Down 2.8 %

Shares of Norwegian Cruise Line stock opened at $25.68 on Monday. The company has a 50 day simple moving average of $26.44 and a two-hundred day simple moving average of $22.47. The firm has a market cap of $11.29 billion, a PE ratio of 23.56, a PEG ratio of 0.24 and a beta of 2.64. Norwegian Cruise Line has a 1 year low of $14.69 and a 1 year 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 released its earnings results on Thursday, October 31st. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The business had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the prior year, the firm earned $0.71 earnings per share. The firm’s revenue was up 10.7% on a year-over-year basis. Analysts expect that Norwegian Cruise Line will post 1.5 earnings per share for the current fiscal year.

Insider Activity

In other Norwegian Cruise Line news, 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 transaction of $805,040.00. Following the completion of the transaction, the insider now owns 97,304 shares of the company’s stock, valued at approximately $2,701,159.04. This trade represents a 22.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 in the company, valued at approximately $3,174,171. This trade represents a 24.80 % 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 valued at $2,269,731. Corporate insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. State Street Corp boosted its stake in Norwegian Cruise Line by 4.3% during the 3rd quarter. State Street Corp now owns 15,241,984 shares of the company’s stock valued at $312,613,000 after purchasing an additional 621,793 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Norwegian Cruise Line by 2.6% during the third quarter. Geode Capital Management LLC now owns 10,522,834 shares of the company’s stock valued at $215,481,000 after purchasing an additional 261,925 shares in the last quarter. Baillie Gifford & Co. purchased a new stake in shares of Norwegian Cruise Line during the third quarter valued at $179,146,000. Dimensional Fund Advisors LP increased its holdings in Norwegian Cruise Line by 32.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock worth $85,835,000 after buying an additional 1,129,770 shares in the last quarter. Finally, Two Sigma Advisers LP raised its position in Norwegian Cruise Line by 864.9% in the 3rd quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company’s stock worth $79,263,000 after buying an additional 3,464,100 shares during the last quarter. 69.58% of the stock is owned by hedge funds and other 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.