Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Receives $27.05 Consensus Target Price from Analysts

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) have received a consensus recommendation of “Moderate Buy” from the twenty-three research firms that are presently covering the stock, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $27.0526.

Several brokerages have recently commented on NCLH. TD Cowen restated a “buy” rating on shares of Norwegian Cruise Line in a report on Tuesday, January 13th. Citigroup increased their price objective on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. Morgan Stanley reduced their target price on Norwegian Cruise Line from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Monday, November 10th. Susquehanna reduced their price target on shares of Norwegian Cruise Line from $25.00 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. Finally, JPMorgan Chase & Co. decreased their price objective on Norwegian Cruise Line from $40.00 to $28.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th.

Insider Buying and Selling at Norwegian Cruise Line

In other Norwegian Cruise Line news, Director Zillah Byng-Thorne purchased 29,008 shares of the stock in a transaction on Thursday, November 6th. The shares were purchased at an average cost of $18.11 per share, for a total transaction of $525,334.88. Following the purchase, the director owned 66,017 shares of the company’s stock, valued at approximately $1,195,567.87. This represents a 78.38% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Harry Sommer bought 25,000 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The shares were bought at an average price of $18.52 per share, for a total transaction of $463,000.00. Following the acquisition, the chief executive officer directly owned 720,728 shares of the company’s stock, valued at $13,347,882.56. This represents a 3.59% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 90,029 shares of company stock valued at $1,663,575 in the last 90 days. 0.41% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Norwegian Cruise Line

Institutional investors have recently added to or reduced their stakes in the company. MUFG Securities EMEA plc acquired a new position in shares of Norwegian Cruise Line during the 2nd quarter worth about $26,000. Sentry Investment Management LLC acquired a new position in shares of Norwegian Cruise Line in the second quarter valued at approximately $31,000. Laurel Wealth Advisors LLC grew its holdings in Norwegian Cruise Line by 1,928.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,028 shares of the company’s stock valued at $41,000 after buying an additional 1,928 shares in the last quarter. Aventura Private Wealth LLC acquired a new position in shares of Norwegian Cruise Line in the fourth quarter valued at about $42,000. Finally, Thompson Investment Management Inc. bought a new position in shares of Norwegian Cruise Line during the fourth quarter worth approximately $44,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Norwegian Cruise Line Stock Performance

Norwegian Cruise Line stock opened at $22.49 on Friday. The stock has a fifty day moving average price of $21.59 and a two-hundred day moving average price of $22.68. The company has a debt-to-equity ratio of 6.22, a current ratio of 0.19 and a quick ratio of 0.17. Norwegian Cruise Line has a 52-week low of $14.21 and a 52-week high of $28.91. The firm has a market capitalization of $10.24 billion, a P/E ratio of 16.53, a P/E/G ratio of 0.59 and a beta of 2.06.

Norwegian Cruise Line (NYSE:NCLH) last announced its earnings results on Tuesday, November 4th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. The business had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $3.03 billion. Norwegian Cruise Line had a net margin of 6.85% and a return on equity of 55.51%. As a group, analysts anticipate that Norwegian Cruise Line will post 1.48 EPS for the current fiscal year.

Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is a global cruise operator offering a portfolio of premium brands that includes Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. The company provides sea voyages and related onboard services such as dining, entertainment, shore excursions and destination experiences. Its fleet of modern vessels sails to more than 400 destinations across all seven continents, serving leisure travelers with itineraries ranging from short Caribbean getaways to extended world voyages.

Founded in 1966 by Knut Kloster and Ted Arison, the company pioneered the concept of “Freestyle Cruising,” which allows passengers greater flexibility in dining schedules, entertainment choices and onboard activities.