Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Receives Average Rating of "Moderate Buy" from Analysts

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

Several research analysts have commented on NCLH shares. Truist Financial upped their target price on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. Argus raised Norwegian Cruise Line from a "hold" rating to a "buy" rating in a report on Monday, November 4th. Morgan Stanley lifted their target price on Norwegian Cruise Line from $19.00 to $26.00 and gave the company an "underweight" rating in a research note on Tuesday, November 12th. The Goldman Sachs Group raised Norwegian Cruise Line from a "neutral" rating to a "buy" rating and increased their price target for the stock from $29.00 to $35.00 in a research note on Tuesday, December 10th. Finally, Tigress Financial raised their price target on Norwegian Cruise Line from $32.00 to $36.00 and gave the company a "strong-buy" rating in a report on Monday, November 11th.

Norwegian Cruise Line Stock Performance

Shares of NYSE NCLH traded up $0.76 during mid-day trading on Monday, hitting $27.20. The company had a trading volume of 9,162,743 shares, compared to its average volume of 7,033,445. Norwegian Cruise Line has a 12 month low of $14.69 and a 12 month high of $28.64. The stock has a market cap of $11.96 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 0.24 and a beta of 2.64. 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 firm's 50 day simple moving average is $26.51 and its two-hundred day simple moving average is $22.20.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.94 by $0.05. The company 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 firm's quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the business posted $0.71 earnings per share. As a group, equities research analysts forecast that Norwegian Cruise Line will post 1.51 earnings per share for the current year.

Insider Buying and Selling

In other Norwegian Cruise Line news, CFO Mark Kempa sold 15,000 shares of the business's stock in a transaction on 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 of the company's stock, valued at $7,059,333.96. The trade was a 5.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Faye L. Ashby sold 38,344 shares of the stock in a transaction 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 $3,174,171. The trade was a 24.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,344 shares of company stock worth $2,269,731 in the last three months. 0.52% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Zacks Investment Management acquired a new stake in shares of Norwegian Cruise Line during the 3rd quarter valued at about $3,821,000. Hodges Capital Management Inc. grew its position in Norwegian Cruise Line by 1.5% in the third quarter. Hodges Capital Management Inc. now owns 1,544,515 shares of the company's stock worth $31,678,000 after acquiring an additional 23,075 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Norwegian Cruise Line by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company's stock valued at $71,791,000 after purchasing an additional 94,178 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its stake in shares of Norwegian Cruise Line by 1,104.7% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 178,603 shares of the company's stock valued at $3,663,000 after purchasing an additional 163,777 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of Norwegian Cruise Line in the 3rd quarter valued at $615,000. 69.58% of the stock is 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.