Norwegian Cruise Line (NYSE:NCLH) Stock Price Expected to Rise, Truist Financial Analyst Says

Norwegian Cruise Line (NYSE:NCLH) had its price target raised by Truist Financial from $25.00 to $35.00 in a report released on Monday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also issued reports on the company. Macquarie increased their price target on Norwegian Cruise Line from $24.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Tigress Financial lifted their price objective on Norwegian Cruise Line from $32.00 to $36.00 and gave the stock a “strong-buy” rating in a research note on Monday, November 11th. Argus raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Citigroup upgraded Norwegian Cruise Line from a “neutral” rating to a “buy” rating and increased their price target for the stock from $20.00 to $30.00 in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. increased their price objective on Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $28.27.

Norwegian Cruise Line Trading Up 5.3 %

Shares of NCLH stock opened at $28.31 on Monday. The firm has a fifty day moving average price of $24.21 and a 200-day moving average price of $19.95. 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. The company has a market cap of $12.45 billion, a price-to-earnings ratio of 26.06, a PEG ratio of 0.30 and a beta of 2.67.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. As a group, equities analysts predict that Norwegian Cruise Line will post 1.51 earnings per share for the current year.

Insider Buying and Selling at Norwegian Cruise Line

In other news, insider Andrea Demarco sold 29,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $27.76, for a total value of $805,040.00. Following the sale, the insider now owns 97,304 shares in the company, valued at $2,701,159.04. This represents a 22.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark Kempa sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $27.86, for a total value of $417,900.00. Following the sale, the chief financial officer now owns 253,386 shares in the company, valued at $7,059,333.96. This trade represents a 5.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 82,344 shares of company stock worth $2,269,731. 0.52% of the stock is owned by insiders.

Hedge Funds Weigh In On Norwegian Cruise Line

Large investors have recently added to or reduced their stakes in the stock. Prestige Wealth Management Group LLC raised its holdings in Norwegian Cruise Line by 192.3% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company’s stock valued at $25,000 after acquiring an additional 800 shares during the last quarter. Avior Wealth Management LLC raised its stake in shares of 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 acquiring an additional 429 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in Norwegian Cruise Line during the 2nd quarter worth about $39,000. Blue Trust Inc. boosted its stake in shares of Norwegian Cruise Line by 489.8% in the 3rd quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock valued at $41,000 after buying an additional 1,817 shares during the period. Finally, Brooklyn Investment Group acquired a new position in shares of Norwegian Cruise Line during the third quarter worth about $56,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

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.