Norwegian Cruise Line (NYSE:NCLH) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Norwegian Cruise Line (NYSE:NCLH - Free Report) had its target price hoisted by JPMorgan Chase & Co. from $29.00 to $30.00 in a report published on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

NCLH has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a "hold" rating in a research note on Friday, November 1st. Morgan Stanley raised their price target on Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an "underweight" rating in a research note on Tuesday, November 12th. Barclays upgraded Norwegian Cruise Line from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $28.00 to $32.00 in a report on Friday. 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 research report on Monday, November 11th. Finally, UBS Group lifted their price objective on Norwegian Cruise Line from $19.00 to $29.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Norwegian Cruise Line currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.27.

Norwegian Cruise Line Price Performance

NCLH stock traded down $0.24 during midday trading on Tuesday, reaching $26.38. 6,768,447 shares of the company's stock traded hands, compared to its average volume of 12,568,195. Norwegian Cruise Line has a 1-year low of $14.69 and a 1-year high of $28.64. 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 company has a market cap of $11.60 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 0.31 and a beta of 2.65. The company has a 50-day simple moving average of $25.70 and a two-hundred day simple moving average of $20.80.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.99 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $2.77 billion. During the same quarter last year, the company posted $0.71 earnings per share. Norwegian Cruise Line's quarterly revenue was up 10.7% on a year-over-year basis. On average, analysts anticipate that Norwegian Cruise Line will post 1.51 earnings per share for the current year.

Insider Buying and Selling at Norwegian Cruise Line

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 stock was sold at an average price of $27.86, for a total value of $417,900.00. Following the sale, the chief financial officer now owns 253,386 shares in the company, valued at approximately $7,059,333.96. The trade was a 5.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Andrea Demarco sold 29,000 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $27.76, for a total value of $805,040.00. Following the transaction, the insider now directly owns 97,304 shares in the company, valued at approximately $2,701,159.04. This trade represents a 22.96 % decrease in their ownership of the stock. 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 three months. Company insiders own 0.52% of the company's stock.

Institutional Trading of Norwegian Cruise Line

A number of large investors have recently bought and sold shares of NCLH. Avior Wealth Management LLC increased its holdings in Norwegian Cruise Line by 34.1% during 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 during the period. Louisiana State Employees Retirement System lifted its holdings in shares of Norwegian Cruise Line by 2.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the company's stock valued at $509,000 after buying an additional 500 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Norwegian Cruise Line by 1.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company's stock valued at $944,000 after buying an additional 509 shares during the period. Mount Lucas Management LP increased its stake in shares of Norwegian Cruise Line by 2.4% in the 3rd quarter. Mount Lucas Management LP now owns 22,055 shares of the company's stock worth $452,000 after purchasing an additional 516 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Norwegian Cruise Line by 1.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,757 shares of the company's stock worth $918,000 after purchasing an additional 521 shares in the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

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.