Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Receives $25.80 Consensus Price Target from Brokerages

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) has been given an average rating of “Hold” by the sixteen ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $26.47.

NCLH has been the topic of a number of research reports. UBS Group raised their price objective on Norwegian Cruise Line from $19.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday. Barclays raised their price objective on Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Macquarie raised their price objective on Norwegian Cruise Line from $24.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price objective on Norwegian Cruise Line from $21.00 to $24.00 and gave the company a “hold” rating in a report on Friday, November 1st. Finally, Susquehanna raised their price objective on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, August 2nd.

Norwegian Cruise Line Stock Up 1.0 %

NCLH stock opened at $27.32 on Wednesday. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. The company has a market capitalization of $12.01 billion, a price-to-earnings ratio of 25.06, a PEG ratio of 0.29 and a beta of 2.67. Norwegian Cruise Line has a fifty-two week low of $12.70 and a fifty-two week high of $27.93. The stock has a fifty day moving average of $21.55 and a 200-day moving average of $18.83.

Norwegian Cruise Line (NYSE:NCLH) last issued its earnings results on Thursday, October 31st. The company reported $0.99 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter last year, the company earned $0.71 EPS. The firm’s revenue was up 10.7% compared to the same quarter last year. As a group, equities research analysts predict that Norwegian Cruise Line will post 1.64 earnings per share for the current year.

Insider Activity at Norwegian Cruise Line

In related news, CFO Mark Kempa sold 15,000 shares of Norwegian Cruise Line stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total transaction of $417,900.00. Following the sale, the chief financial officer now directly owns 253,386 shares in the company, valued at $7,059,333.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Norwegian Cruise Line news, CFO Mark Kempa sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total value of $417,900.00. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Andrea Demarco sold 29,000 shares of the business’s stock in a transaction 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 $2,701,159.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,344 shares of company stock worth $2,269,731 over the last ninety days. 0.52% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NCLH. Vanguard Group Inc. increased its position in Norwegian Cruise Line by 0.7% during the first quarter. Vanguard Group Inc. now owns 49,539,911 shares of the company’s stock valued at $1,036,870,000 after acquiring an additional 324,287 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Norwegian Cruise Line by 120.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock valued at $470,889,000 after acquiring an additional 12,313,426 shares during the last quarter. Capital International Investors increased its position in Norwegian Cruise Line by 0.5% during the first quarter. Capital International Investors now owns 20,216,746 shares of the company’s stock valued at $423,136,000 after acquiring an additional 102,948 shares during the last quarter. Baillie Gifford & Co. purchased a new stake in Norwegian Cruise Line during the third quarter valued at $179,146,000. Finally, Dimensional Fund Advisors LP increased its position in 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 valued at $85,835,000 after acquiring an additional 1,129,770 shares during the last quarter. Hedge funds and other 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.