Analysts Set Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) PT at $27.60

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) have earned an average recommendation of “Hold” from the sixteen analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $28.27.

Several research firms have recently commented on NCLH. JPMorgan Chase & Co. increased their target price on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Mizuho increased their target price on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Wells Fargo & Company increased their target price on shares of Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Finally, Truist Financial increased their price objective on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the company a “buy” rating in a report on Monday.

Insiders Place Their Bets

In other news, CFO Mark Kempa sold 15,000 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now owns 253,386 shares in the company, valued at approximately $7,059,333.96. This represents a 5.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $805,040.00. Following the sale, the insider now owns 97,304 shares of the company’s stock, valued at approximately $2,701,159.04. This represents a 22.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,344 shares of company stock valued at $2,269,731 over the last 90 days. Insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On Norwegian Cruise Line

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Prestige Wealth Management Group LLC grew its position in Norwegian Cruise Line by 192.3% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company’s stock worth $25,000 after purchasing an additional 800 shares during the period. Avior Wealth Management LLC grew its position in shares of Norwegian Cruise Line by 34.1% during the 3rd 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 during the period. Sentry Investment Management LLC acquired a new stake in shares of Norwegian Cruise Line during the 2nd quarter valued at about $39,000. Blue Trust Inc. grew its position in shares of Norwegian Cruise Line by 489.8% during the 3rd quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock valued at $41,000 after acquiring an additional 1,817 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in shares of Norwegian Cruise Line during the 3rd quarter valued at about $56,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Performance

Shares of Norwegian Cruise Line stock opened at $27.37 on Friday. The stock has a market cap of $12.03 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 0.32 and a beta of 2.65. The firm’s 50-day moving average is $24.48 and its 200 day moving average is $20.12. 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 posted its earnings results on Thursday, October 31st. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.05. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. 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 business earned $0.71 EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. Sell-side analysts anticipate that Norwegian Cruise Line will post 1.51 EPS for the current fiscal year.

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.