Norwegian Cruise Line (NYSE:NCLH) Stock Price Expected to Rise, Truist Financial Analyst Says

Norwegian Cruise Line (NYSE:NCLH) had its price target lifted by investment analysts at Truist Financial from $25.00 to $35.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s target price would indicate a potential upside of 27.88% from the stock’s previous close.

NCLH has been the subject of a number of other research reports. Mizuho boosted their price objective on Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Tigress Financial upped their price objective on Norwegian Cruise Line from $32.00 to $36.00 and gave the company a “strong-buy” rating in a report on Monday, November 11th. Stifel Nicolaus increased their price objective on Norwegian Cruise Line from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. JPMorgan Chase & Co. boosted their target price on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Finally, Citigroup raised shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and raised their price target for the stock from $20.00 to $30.00 in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, nine have issued 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 presently has an average rating of “Hold” and a consensus price target of $28.27.

Norwegian Cruise Line Stock Performance

Shares of NYSE NCLH opened at $27.37 on Monday. Norwegian Cruise Line has a 12 month low of $14.69 and a 12 month high of $28.64. The stock has a 50 day moving average of $24.48 and a 200-day moving average of $20.12. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The company has a market capitalization of $12.03 billion, a P/E ratio of 25.11, a P/E/G ratio of 0.32 and a beta of 2.65.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.94 by $0.05. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.77 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The company’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. As a group, equities research analysts predict that Norwegian Cruise Line will post 1.51 EPS for the current year.

Insiders Place Their Bets

In related news, insider Andrea Demarco sold 29,000 shares of the company’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 transaction of $805,040.00. Following the completion of the transaction, the insider now directly owns 97,304 shares in the company, valued at $2,701,159.04. This represents a 22.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Faye L. Ashby sold 38,344 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were 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 directly owns 116,270 shares of the company’s stock, valued at approximately $3,174,171. The trade was a 24.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,344 shares of company stock worth $2,269,731 over the last three months. Insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of hedge funds and other institutional investors have recently bought and sold shares of NCLH. Prestige Wealth Management Group LLC boosted its stake in shares of Norwegian Cruise Line by 192.3% during the third quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company’s stock valued at $25,000 after purchasing an additional 800 shares in the last quarter. Avior Wealth Management LLC raised its holdings in Norwegian Cruise Line by 34.1% in the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock valued at $35,000 after buying an additional 429 shares during the last quarter. Sentry Investment Management LLC acquired a new stake in Norwegian Cruise Line during the 2nd quarter worth approximately $39,000. Blue Trust Inc. grew its holdings in Norwegian Cruise Line by 489.8% during the 3rd quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock worth $41,000 after acquiring an additional 1,817 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in Norwegian Cruise Line in the 3rd quarter valued at approximately $56,000. Institutional investors own 69.58% of the company’s stock.

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.