Norwegian Cruise Line (NYSE:NCLH) Price Target Raised to $35.00

Norwegian Cruise Line (NYSE:NCLH) had its target price hoisted by research analysts at Truist Financial from $25.00 to $35.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price target indicates a potential upside of 23.54% from the stock’s previous close.

Several other brokerages also recently weighed in on NCLH. Stifel Nicolaus lifted their target price on Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, October 4th. 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 report on Friday, November 1st. Tigress Financial lifted their price objective on Norwegian Cruise Line from $32.00 to $36.00 and gave the company a “strong-buy” rating in a research report on Monday, November 11th. UBS Group increased their price target on shares of Norwegian Cruise Line from $19.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Argus upgraded shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $28.27.

Norwegian Cruise Line Stock Up 5.4 %

NCLH stock traded up $1.44 during mid-day trading on Monday, hitting $28.33. 4,126,733 shares of the company were exchanged, compared to its average volume of 12,669,844. The firm has a fifty day simple moving average of $24.21 and a 200 day simple moving average of $19.95. The company has a market capitalization of $12.46 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 0.30 and a beta of 2.67. Norwegian Cruise Line has a twelve month low of $14.69 and a twelve month high of $28.64. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.05. The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. 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 company earned $0.71 earnings per share. On average, research analysts forecast that Norwegian Cruise Line will post 1.51 earnings per share for the current fiscal year.

Insider Activity at Norwegian Cruise Line

In related news, insider Andrea Demarco sold 29,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $27.76, for a total value of $805,040.00. Following the completion of the transaction, the insider now owns 97,304 shares in the company, valued at $2,701,159.04. The trade was a 22.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Mark Kempa sold 15,000 shares of the stock in a transaction on 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 $7,059,333.96. The trade was a 5.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,344 shares of company stock valued at $2,269,731 in the last ninety days. Insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of institutional investors and hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its holdings in Norwegian Cruise Line by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company’s stock worth $71,791,000 after buying an additional 94,178 shares during the last quarter. nVerses Capital LLC bought a new stake in Norwegian Cruise Line in the third quarter valued at approximately $615,000. Principal Financial Group Inc. raised its holdings in Norwegian Cruise Line by 6.2% in the third quarter. Principal Financial Group Inc. now owns 514,087 shares of the company’s stock worth $10,544,000 after purchasing an additional 30,182 shares during the period. Mackenzie Financial Corp boosted its position in shares of Norwegian Cruise Line by 26.7% during the second quarter. Mackenzie Financial Corp now owns 1,008,327 shares of the company’s stock worth $18,946,000 after purchasing an additional 212,787 shares in the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of Norwegian Cruise Line by 7.0% in the 3rd quarter. New York State Common Retirement Fund now owns 905,441 shares of the company’s stock valued at $18,571,000 after buying an additional 59,375 shares during the period. 69.58% of the stock is owned by 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.