Brokerages Set Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) PT at $29.27

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Get Free Report) have been given an average recommendation of "Moderate Buy" by the sixteen brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $29.27.

A number of research firms have recently weighed in on NCLH. Wells Fargo & Company boosted 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. Stifel Nicolaus boosted their price objective on Norwegian Cruise Line from $27.00 to $29.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. Citigroup raised Norwegian Cruise Line from a "neutral" rating to a "buy" rating and raised their price objective for the company from $20.00 to $30.00 in a research note on Wednesday, October 9th. Macquarie boosted their target price on Norwegian Cruise Line from $24.00 to $30.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Finally, The Goldman Sachs Group upgraded Norwegian Cruise Line from a "neutral" rating to a "buy" rating and increased their price target for the company from $29.00 to $35.00 in a report on Tuesday, December 10th.

Insider Transactions at Norwegian Cruise Line

In other news, CAO Faye L. Ashby sold 38,344 shares of the company's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $27.30, for a total value of $1,046,791.20. Following the completion of the sale, the chief accounting officer now owns 116,270 shares of the company's stock, valued at approximately $3,174,171. This represents a 24.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andrea Demarco sold 29,000 shares of the 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 owns 97,304 shares in the company, valued at approximately $2,701,159.04. This represents a 22.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,344 shares of company stock valued at $2,269,731. 0.52% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NCLH. Prestige Wealth Management Group LLC grew its holdings in Norwegian Cruise Line by 192.3% in the third 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 last quarter. Avior Wealth Management LLC boosted its stake in Norwegian Cruise Line by 34.1% in the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company's stock worth $35,000 after purchasing an additional 429 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in Norwegian Cruise Line in the 2nd quarter worth approximately $39,000. Blue Trust Inc. grew its position in Norwegian Cruise Line by 489.8% during the 3rd quarter. Blue Trust Inc. now owns 2,188 shares of the company's stock worth $41,000 after purchasing an additional 1,817 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of Norwegian Cruise Line in the third quarter worth $56,000. 69.58% of the stock is owned by institutional investors.

Norwegian Cruise Line Price Performance

Shares of NYSE:NCLH traded down $0.08 during mid-day trading on Thursday, reaching $26.34. The stock had a trading volume of 4,463,409 shares, compared to its average volume of 12,490,855. The company has a market cap of $11.58 billion, a P/E ratio of 24.17, a price-to-earnings-growth ratio of 0.30 and a beta of 2.65. The business's 50 day moving average price is $26.14 and its 200 day moving average price is $21.22. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line has a 1 year low of $14.69 and a 1 year high of $28.64.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last issued 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. 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 for the quarter, compared to analysts' expectations of $2.77 billion. During the same period in the prior year, the firm earned $0.71 EPS. The company's revenue for the quarter was up 10.7% on a year-over-year basis. Research analysts expect 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.