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

Norwegian Cruise Line (NYSE:NCLH - Free Report) had its price objective raised by Morgan Stanley from $19.00 to $26.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an underweight rating on the stock.

A number of other analysts have also recently commented on the stock. Susquehanna boosted their target price on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. Bank of America boosted their target price on Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 23rd. Argus raised shares of Norwegian Cruise Line from a "hold" rating to a "buy" rating in a research report on Monday, November 4th. Tigress Financial increased their target price on Norwegian Cruise Line from $32.00 to $36.00 and gave the company a "strong-buy" rating in a research report on Monday. Finally, Truist Financial increased their target price on Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a "buy" rating in a research note on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Norwegian Cruise Line has an average rating of "Hold" and a consensus target price of $27.20.

Norwegian Cruise Line Price Performance

NCLH stock traded up $0.05 during trading on Tuesday, reaching $27.87. 8,545,851 shares of the company were exchanged, compared to its average volume of 12,874,348. Norwegian Cruise Line has a twelve month low of $12.87 and a twelve month high of $28.00. 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 company has a market capitalization of $12.25 billion, a price-to-earnings ratio of 25.52, a P/E/G ratio of 0.28 and a beta of 2.67. The company has a 50-day moving average of $21.94 and a two-hundred day moving average of $18.95.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.99 EPS for the quarter, beating analysts' consensus estimates 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 last year, the business earned $0.71 earnings per share. Norwegian Cruise Line's revenue was up 10.7% compared to the same quarter last year. As a group, equities analysts predict that Norwegian Cruise Line will post 1.64 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Faye L. Ashby sold 38,344 shares of Norwegian Cruise Line stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $27.30, for a total transaction of $1,046,791.20. Following the completion of the sale, the chief accounting officer now directly owns 116,270 shares in the company, valued at approximately $3,174,171. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Norwegian Cruise Line 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 value of $417,900.00. Following the completion of the transaction, the chief financial officer now owns 253,386 shares in the company, valued at approximately $7,059,333.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Faye L. Ashby sold 38,344 shares of the business'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 transaction of $1,046,791.20. Following the sale, the chief accounting officer now owns 116,270 shares in the company, valued at $3,174,171. This represents a 0.00 % 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 over the last ninety days. Corporate insiders own 0.52% of the company's stock.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of hedge funds have recently made changes to their positions in NCLH. Transcendent Capital Group LLC bought a new stake in Norwegian Cruise Line during the first quarter worth $27,000. Avior Wealth Management LLC boosted its stake in shares of Norwegian Cruise Line by 34.1% in the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company's stock valued at $35,000 after purchasing an additional 429 shares in the last quarter. Sentry Investment Management LLC bought a new position in Norwegian Cruise Line in the 2nd quarter valued at approximately $39,000. Blue Trust Inc. raised its holdings in Norwegian Cruise Line by 489.8% in 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 during the last quarter. Finally, Huntington National Bank raised its holdings in Norwegian Cruise Line by 173.1% during the 3rd quarter. Huntington National Bank now owns 3,504 shares of the company's stock worth $72,000 after purchasing an additional 2,221 shares during the last quarter. Institutional investors and hedge funds 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.