Norwegian Cruise Line (NYSE:NCLH) Price Target Raised to $16.00

Norwegian Cruise Line (NYSE:NCLHGet Rating) had its target price boosted by Barclays from $14.00 to $16.00 in a research report report published on Monday morning, The Fly reports. They currently have an equal weight rating on the stock.

A number of other equities analysts have also recently issued reports on the company. Morgan Stanley dropped their price objective on Norwegian Cruise Line from $14.00 to $13.00 and set an equal weight rating for the company in a report on Friday, August 12th. Credit Suisse Group dropped their price objective on Norwegian Cruise Line from $33.00 to $25.00 and set an outperform rating for the company in a report on Wednesday, August 10th. Susquehanna dropped their price objective on Norwegian Cruise Line from $20.00 to $15.00 and set a positive rating for the company in a report on Wednesday, August 10th. Deutsche Bank Aktiengesellschaft dropped their price objective on Norwegian Cruise Line from $17.00 to $16.00 and set a hold rating for the company in a report on Wednesday, August 10th. Finally, Susquehanna Bancshares lowered their target price on Norwegian Cruise Line from $20.00 to $15.00 and set a positive rating for the company in a report on Wednesday, August 10th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $20.54.

Norwegian Cruise Line Stock Performance

NYSE NCLH opened at $14.39 on Monday. The company has a market cap of $6.06 billion, a P/E ratio of -1.46 and a beta of 2.40. The company has a debt-to-equity ratio of 13.57, a quick ratio of 0.59 and a current ratio of 0.62. The business’s 50 day moving average price is $13.43 and its 200-day moving average price is $15.56. Norwegian Cruise Line has a fifty-two week low of $10.31 and a fifty-two week high of $29.45.

Norwegian Cruise Line (NYSE:NCLHGet Rating) last released its earnings results on Tuesday, August 9th. The company reported ($1.22) earnings per share for the quarter, missing the consensus estimate of ($0.87) by ($0.35). Norwegian Cruise Line had a negative net margin of 166.44% and a negative return on equity of 148.50%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the firm posted ($1.93) EPS. The business’s revenue for the quarter was up 26881.8% compared to the same quarter last year. Sell-side analysts predict that Norwegian Cruise Line will post -4.3 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Mark Kempa sold 55,000 shares of the company’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $13.50, for a total transaction of $742,500.00. Following the completion of the sale, the chief financial officer now directly owns 222,651 shares in the company, valued at approximately $3,005,788.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Jason Montague sold 62,758 shares of the company’s stock in a transaction dated 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 directly owns 258,881 shares of the company’s stock, valued at approximately $3,800,373.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Mark Kempa sold 55,000 shares of the company’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $13.50, for a total value of $742,500.00. Following the transaction, the chief financial officer now directly owns 222,651 shares in the company, valued at $3,005,788.50. The disclosure for this sale can be found here. 0.77% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Covestor Ltd boosted its position in Norwegian Cruise Line by 5,020.8% in the first quarter. Covestor Ltd now owns 1,229 shares of the company’s stock valued at $27,000 after buying an additional 1,205 shares during the last quarter. US Asset Management LLC acquired a new stake in Norwegian Cruise Line during the 1st quarter valued at approximately $28,000. Truvestments Capital LLC acquired a new stake in Norwegian Cruise Line during the 2nd quarter valued at approximately $28,000. Stonebridge Capital Advisors LLC lifted its stake in Norwegian Cruise Line by 115.4% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 1,400 shares of the company’s stock valued at $29,000 after acquiring an additional 750 shares during the period. Finally, DeDora Capital Inc. acquired a new stake in Norwegian Cruise Line during the 1st quarter valued at approximately $29,000. 57.80% of the stock is owned by institutional investors and hedge funds.

Norwegian Cruise Line Company Profile

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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.

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