Norwegian Cruise Line (NYSE:NCLH) Given New $26.00 Price Target at Morgan Stanley

Norwegian Cruise Line (NYSE:NCLH) had its price target lifted by Morgan Stanley from $19.00 to $26.00 in a research note released on Tuesday,Benzinga reports. Morgan Stanley currently has an underweight rating on the stock.

A number of other brokerages have also issued reports on NCLH. JPMorgan Chase & Co. boosted their target price on Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Argus upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Macquarie raised their target price on shares of Norwegian Cruise Line from $24.00 to $30.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Stifel Nicolaus boosted their price target on shares of Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, Truist Financial raised their price objective on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $27.20.

Norwegian Cruise Line Trading Up 0.1 %

Shares of NCLH stock opened at $27.86 on Tuesday. The stock has a 50-day simple moving average of $22.15 and a 200 day simple moving average of $19.01. The stock has a market capitalization of $12.25 billion, a P/E ratio of 25.56, a P/E/G ratio of 0.29 and a beta of 2.67. Norwegian Cruise Line has a fifty-two week low of $12.87 and a fifty-two week high of $28.00. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.05. The company 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 company posted $0.71 EPS. On average, sell-side analysts expect that Norwegian Cruise Line will post 1.64 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Norwegian Cruise Line news, insider Andrea Demarco sold 29,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $27.76, for a total transaction of $805,040.00. Following 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Andrea Demarco sold 29,000 shares of the business’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 sale, the insider now directly owns 97,304 shares in the company, valued at approximately $2,701,159.04. 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 available through this link. Also, CAO Faye L. Ashby sold 38,344 shares of the company’s stock in a transaction that occurred on 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 sale, the chief accounting officer now directly owns 116,270 shares of the company’s stock, valued at $3,174,171. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,344 shares of company stock valued at $2,269,731 over the last ninety days. Corporate insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NCLH. Vanguard Group Inc. grew its position 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 valued at $1,036,870,000 after purchasing an additional 324,287 shares during the last quarter. Price T Rowe Associates Inc. MD boosted 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 period. Capital International Investors grew its holdings in Norwegian Cruise Line by 0.5% in the 1st quarter. Capital International Investors now owns 20,216,746 shares of the company’s stock valued at $423,136,000 after buying an additional 102,948 shares during the last quarter. Baillie Gifford & Co. bought a new position in Norwegian Cruise Line in the 3rd quarter worth approximately $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 buying an additional 1,129,770 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

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.