Norwegian Cruise Line (NYSE:NCLH) Price Target Raised to $26.00

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

A number of other research firms also recently commented on NCLH. Stifel Nicolaus raised their target price on shares of Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Bank of America boosted their price objective on shares of Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Wells Fargo & Company lifted their price target on Norwegian Cruise Line from $21.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Tigress Financial upped 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. Finally, UBS Group boosted their target price on shares of Norwegian Cruise Line from $19.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $27.60.

Norwegian Cruise Line Price Performance

Norwegian Cruise Line stock opened at $26.67 on Tuesday. The stock has a market cap of $11.73 billion, a price-to-earnings ratio of 24.47, a price-to-earnings-growth ratio of 0.28 and a beta of 2.67. The firm has a 50-day moving average of $22.54 and a two-hundred day moving average of $19.12. Norwegian Cruise Line has a 1 year low of $14.10 and a 1 year high of $28.11. 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 issued its earnings results on Thursday, October 31st. The company reported $0.99 earnings per share 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 analysts’ expectations of $2.77 billion. During the same period 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. On average, research analysts forecast that Norwegian Cruise Line will post 1.64 earnings per share for the current year.

Insider Transactions at Norwegian Cruise Line

In other Norwegian Cruise Line news, 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 owns 116,270 shares in the company, valued at approximately $3,174,171. This represents a 24.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Andrea Demarco sold 29,000 shares of Norwegian Cruise Line stock in a transaction that occurred 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 approximately $2,701,159.04. This trade represents a 22.96 % 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 90 days. 0.52% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Norwegian Cruise Line

Several hedge funds have recently modified their holdings of NCLH. Transcendent Capital Group LLC acquired a new position in Norwegian Cruise Line in the 1st quarter worth about $27,000. Avior Wealth Management LLC increased its position 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 buying an additional 429 shares in the last quarter. Sentry Investment Management LLC acquired a new position in shares of Norwegian Cruise Line during the 2nd quarter worth approximately $39,000. Blue Trust Inc. lifted 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 buying an additional 1,817 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Norwegian Cruise Line in the 3rd quarter valued at $56,000. 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.