Norwegian Cruise Line (NYSE:NCLH) Price Target Raised to $29.00

Norwegian Cruise Line (NYSE:NCLH - Free Report) had its price objective upped by Bank of America from $26.00 to $29.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

NCLH has been the topic of a number of other reports. Morgan Stanley boosted their price target on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an "underweight" rating in a research report on Tuesday. Argus upgraded shares of Norwegian Cruise Line from a "hold" rating to a "buy" rating in a report on Monday, November 4th. The Goldman Sachs Group boosted their target price on shares of Norwegian Cruise Line from $24.00 to $29.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Citigroup upgraded shares of Norwegian Cruise Line from a "neutral" rating to a "buy" rating and boosted their target price for the company from $20.00 to $30.00 in a report on Wednesday, October 9th. Finally, Barclays boosted their target price on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the company an "equal weight" rating in a report on Friday, November 1st. 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 given a strong buy rating to the company. According to data from MarketBeat, Norwegian Cruise Line presently has an average rating of "Hold" and an average price target of $27.60.

Norwegian Cruise Line Price Performance

NCLH traded down $0.57 on Wednesday, reaching $27.30. 10,422,063 shares of the company's stock were exchanged, compared to its average volume of 12,869,985. The stock has a market cap of $12.00 billion, a PE ratio of 25.72, a P/E/G ratio of 0.29 and a beta of 2.67. Norwegian Cruise Line has a twelve month low of $13.66 and a twelve month high of $28.11. The stock's fifty day moving average price is $22.15 and its 200-day moving average price is $19.01. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.05. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.77 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. Norwegian Cruise Line's quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 earnings per share. Sell-side analysts expect that Norwegian Cruise Line will post 1.64 EPS for the current year.

Insider Buying and Selling

In related 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 transaction of $1,046,791.20. Following the sale, the chief accounting officer now directly owns 116,270 shares of the company's stock, valued at $3,174,171. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related 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 transaction of $1,046,791.20. Following the sale, the chief accounting officer now directly owns 116,270 shares of the company's stock, valued at $3,174,171. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark Kempa sold 15,000 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was 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. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,344 shares of company stock valued at $2,269,731 in the last ninety days. Company insiders own 0.52% of the company's stock.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of large investors have recently modified their holdings of NCLH. Price T Rowe Associates Inc. MD increased its position in shares of Norwegian Cruise Line by 120.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company's stock valued at $470,889,000 after purchasing an additional 12,313,426 shares during the last quarter. Baillie Gifford & Co. purchased a new stake in shares of Norwegian Cruise Line in the 3rd quarter valued at approximately $179,146,000. Columbus Hill Capital Management L.P. purchased a new stake in shares of Norwegian Cruise Line in the 2nd quarter valued at approximately $23,479,000. Dimensional Fund Advisors LP increased its position in shares of Norwegian Cruise Line by 32.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company's stock valued at $85,835,000 after purchasing an additional 1,129,770 shares during the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new stake in shares of Norwegian Cruise Line in the 2nd quarter valued at approximately $15,213,000. 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.