Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Given Consensus Rating of “Moderate Buy” by Brokerages

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) has been given a consensus recommendation of “Moderate Buy” by the sixteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $29.27.

A number of research firms recently commented on NCLH. Deutsche Bank Aktiengesellschaft increased their target price on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Morgan Stanley raised their price objective on Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 12th. Citigroup upgraded Norwegian Cruise Line from a “neutral” rating to a “buy” rating and increased their price target for the company from $20.00 to $30.00 in a research note on Wednesday, October 9th. Mizuho boosted their price target on Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, The Goldman Sachs Group upgraded shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $29.00 to $35.00 in a research note on Tuesday, December 10th.

Norwegian Cruise Line Price Performance

Norwegian Cruise Line stock opened at $25.75 on Thursday. 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 firm has a market cap of $11.32 billion, a P/E ratio of 23.62, a P/E/G ratio of 0.30 and a beta of 2.65. The business has a fifty day moving average of $26.18 and a two-hundred day moving average of $21.33. Norwegian Cruise Line has a twelve month low of $14.69 and a twelve month high of $28.64.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 EPS. On average, analysts forecast that Norwegian Cruise Line will post 1.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Andrea Demarco sold 29,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $27.76, for a total transaction of $805,040.00. Following the sale, the insider now directly owns 97,304 shares of the company’s stock, valued at approximately $2,701,159.04. This represents a 22.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Faye L. Ashby sold 38,344 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $27.30, for a total transaction of $1,046,791.20. Following the completion of the transaction, the chief accounting officer now owns 116,270 shares of the company’s stock, valued at approximately $3,174,171. This trade represents a 24.80 % decrease in their position. 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 over the last ninety days. Company insiders own 0.52% of the company’s stock.

Institutional Trading of Norwegian Cruise Line

Institutional investors have recently bought and sold shares of the business. Baillie Gifford & Co. acquired a new stake in shares of Norwegian Cruise Line in the third quarter valued at about $179,146,000. Two Sigma Advisers LP lifted its stake in Norwegian Cruise Line by 864.9% in the 3rd quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company’s stock valued at $79,263,000 after buying an additional 3,464,100 shares in the last quarter. Columbus Hill Capital Management L.P. acquired a new stake in Norwegian Cruise Line in the 2nd quarter worth about $23,479,000. Dimensional Fund Advisors LP increased its stake in Norwegian Cruise Line by 32.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock worth $85,835,000 after buying an additional 1,129,770 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new position in shares of Norwegian Cruise Line in the second quarter valued at approximately $15,213,000. 69.58% of the stock is owned by institutional investors and hedge funds.

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.