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

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Get Free Report) have received an average recommendation of "Hold" from the sixteen analysts that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $27.60.

NCLH has been the topic of a number of recent research reports. Tigress Financial raised their target price on Norwegian Cruise Line from $32.00 to $36.00 and gave the stock a "strong-buy" rating in a report on Monday, November 11th. Citigroup raised Norwegian Cruise Line from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $20.00 to $30.00 in a research note on Wednesday, October 9th. UBS Group boosted their price objective on Norwegian Cruise Line from $19.00 to $29.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Bank of America raised their target price on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 13th. Finally, Wells Fargo & Company upped their price target on shares of Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st.

Norwegian Cruise Line Stock Performance

Shares of Norwegian Cruise Line stock traded down $0.03 during trading hours on Friday, reaching $26.89. 3,368,308 shares of the stock traded hands, compared to its average volume of 10,160,381. The company has a 50 day moving average price of $24.21 and a 200 day moving average price of $19.95. Norwegian Cruise Line has a one year low of $14.69 and a one year high of $28.11. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The firm has a market capitalization of $11.82 billion, a price-to-earnings ratio of 24.67, a P/E/G ratio of 0.30 and a beta of 2.67.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced 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 company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same period in the previous year, the business posted $0.71 earnings per share. The firm's quarterly revenue was up 10.7% compared to the same quarter last year. On average, equities research analysts expect that Norwegian Cruise Line will post 1.51 earnings per share for the current fiscal year.

Insider Transactions at Norwegian Cruise Line

In other news, CFO Mark Kempa sold 15,000 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were 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 approximately $7,059,333.96. This represents a 5.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrea Demarco sold 29,000 shares of Norwegian Cruise Line 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 completion of the transaction, 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 have sold 82,344 shares of company stock valued at $2,269,731 in the last ninety days. Corporate insiders own 0.52% of the company's stock.

Hedge Funds Weigh In On Norwegian Cruise Line

Large investors have recently modified their holdings of the stock. Baillie Gifford & Co. bought a new position in shares of Norwegian Cruise Line during the third quarter valued at approximately $179,146,000. Two Sigma Advisers LP boosted its holdings in Norwegian Cruise Line by 864.9% during the 3rd quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company's stock valued at $79,263,000 after acquiring an additional 3,464,100 shares during the period. Columbus Hill Capital Management L.P. bought a new position in Norwegian Cruise Line in the 2nd quarter valued at $23,479,000. Dimensional Fund Advisors LP increased its stake in Norwegian Cruise Line by 32.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company's stock worth $85,835,000 after purchasing an additional 1,129,770 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of Norwegian Cruise Line during the second quarter worth $15,213,000. Institutional investors own 69.58% of the company's stock.

About Norwegian Cruise Line

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.