Norwegian Cruise Line (NYSE:NCLH) Price Target Raised to $21.00

Norwegian Cruise Line (NYSE:NCLHGet Rating) had its price objective hoisted by Truist Financial from $19.00 to $21.00 in a research report released on Tuesday, The Fly reports. Truist Financial currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the company. Barclays increased their price target on Norwegian Cruise Line from $14.00 to $16.00 and gave the company an equal weight rating in a research report on Monday, September 19th. Morgan Stanley reduced their price target on Norwegian Cruise Line from $14.00 to $13.00 and set an equal weight rating for the company in a research report on Friday, August 12th. Credit Suisse Group cut Norwegian Cruise Line from an outperform rating to an underperform rating and reduced their price target for the company from $20.00 to $14.00 in a research report on Thursday, November 17th. Citigroup increased their price target on Norwegian Cruise Line to $18.00 in a research report on Tuesday, November 15th. Finally, Tigress Financial reissued a strong-buy rating and set a $32.00 price target on shares of Norwegian Cruise Line in a research report on Friday, October 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $19.17.

Norwegian Cruise Line Price Performance

NYSE:NCLH opened at $16.32 on Tuesday. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 32.25. Norwegian Cruise Line has a 52-week low of $10.31 and a 52-week high of $23.90. The stock has a 50-day simple moving average of $15.03 and a 200 day simple moving average of $13.96.

Norwegian Cruise Line (NYSE:NCLHGet Rating) last posted its quarterly earnings data on Tuesday, November 8th. The company reported ($0.70) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.75) by $0.05. The business had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.58 billion. Norwegian Cruise Line had a negative return on equity of 180.24% and a negative net margin of 88.14%. As a group, sell-side analysts forecast that Norwegian Cruise Line will post -4.72 EPS for the current fiscal year.

Insider Activity

In other news, CEO Jason Montague sold 62,758 shares of the stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $14.68, for a total transaction of $921,287.44. Following the transaction, the chief executive officer now owns 258,881 shares in the company, valued at $3,800,373.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Rio Frank J. Del sold 58,072 shares of the stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $18.33, for a total transaction of $1,064,459.76. Following the transaction, the chief executive officer now owns 1,344,418 shares in the company, valued at $24,643,181.94. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jason Montague sold 62,758 shares of the stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $14.68, for a total value of $921,287.44. Following the transaction, the chief executive officer now owns 258,881 shares in the company, valued at approximately $3,800,373.08. The disclosure for this sale can be found here. Insiders sold a total of 222,709 shares of company stock valued at $3,780,342 over the last three months. Insiders own 0.77% of the company’s stock.

Hedge Funds Weigh In On Norwegian Cruise Line

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Norwegian Cruise Line by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 46,714,581 shares of the company’s stock worth $530,678,000 after acquiring an additional 863,553 shares during the period. BlackRock Inc. increased its stake in Norwegian Cruise Line by 4.2% during the 1st quarter. BlackRock Inc. now owns 22,085,953 shares of the company’s stock worth $483,242,000 after acquiring an additional 882,556 shares during the period. Capital International Investors increased its stake in Norwegian Cruise Line by 15.7% during the 1st quarter. Capital International Investors now owns 21,242,007 shares of the company’s stock worth $464,775,000 after acquiring an additional 2,875,079 shares during the period. State Street Corp increased its stake in Norwegian Cruise Line by 1.5% during the 3rd quarter. State Street Corp now owns 13,425,929 shares of the company’s stock worth $152,519,000 after acquiring an additional 204,338 shares during the period. Finally, Invesco Ltd. increased its stake in Norwegian Cruise Line by 13.4% during the 1st quarter. Invesco Ltd. now owns 5,713,862 shares of the company’s stock worth $125,019,000 after acquiring an additional 677,268 shares during the period. Institutional investors own 57.80% of the company’s stock.

Norwegian Cruise Line Company Profile

(Get Rating)

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 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 locations, including destinations in Scandinavia, Russia, 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.

See Also

The Fly logo

Analyst Recommendations for Norwegian Cruise Line (NYSE:NCLH)

Receive News & Ratings for Norwegian Cruise Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwegian Cruise Line and related companies with MarketBeat.com's FREE daily email newsletter.