Norwegian Cruise Line (NYSE:NCLH) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Norwegian Cruise Line (NYSE:NCLH) had its price target raised by analysts at JPMorgan Chase & Co. from $29.00 to $30.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 12.70% from the company’s previous close.

Several other brokerages have also commented on NCLH. StockNews.com raised Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Argus upgraded shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Barclays raised Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $28.00 to $32.00 in a research report on Friday. Deutsche Bank Aktiengesellschaft lifted their price objective on Norwegian Cruise Line from $21.00 to $24.00 and gave the company a “hold” rating in a report on Friday, November 1st. Finally, Bank of America boosted their price target on Norwegian Cruise Line from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.27.

Norwegian Cruise Line Stock Performance

Norwegian Cruise Line stock opened at $26.62 on Tuesday. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The stock’s 50-day moving average is $25.70 and its 200-day moving average is $20.80. The company has a market cap of $11.71 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 0.31 and a beta of 2.65. Norwegian Cruise Line has a 12 month low of $14.69 and a 12 month high of $28.64.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results on Thursday, October 31st. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.05. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same period in the previous year, the company earned $0.71 earnings per share. Norwegian Cruise Line’s revenue was up 10.7% compared to the same quarter last year. Equities analysts anticipate that Norwegian Cruise Line will post 1.51 earnings per share for the current year.

Insider Buying and Selling at Norwegian Cruise Line

In other 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 transaction of $805,040.00. Following the completion of the transaction, the insider now directly owns 97,304 shares of the company’s stock, valued at $2,701,159.04. The trade was a 22.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Faye L. Ashby sold 38,344 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief accounting officer now owns 116,270 shares in the company, valued at $3,174,171. This represents a 24.80 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,344 shares of company stock worth $2,269,731. 0.52% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of hedge funds have recently added to or reduced their stakes in NCLH. State Street Corp grew its position in Norwegian Cruise Line by 4.3% during the third quarter. State Street Corp now owns 15,241,984 shares of the company’s stock valued at $312,613,000 after buying an additional 621,793 shares during the period. Geode Capital Management LLC grew its position in shares of Norwegian Cruise Line by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 10,522,834 shares of the company’s stock valued at $215,481,000 after acquiring an additional 261,925 shares during the period. Baillie Gifford & Co. purchased a new stake in shares of Norwegian Cruise Line in the 3rd quarter worth $179,146,000. Dimensional Fund Advisors LP raised its holdings in Norwegian Cruise Line by 32.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock worth $85,835,000 after purchasing an additional 1,129,770 shares during the period. Finally, Two Sigma Advisers LP lifted its position in Norwegian Cruise Line by 864.9% during the third quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company’s stock valued at $79,263,000 after purchasing an additional 3,464,100 shares in the last quarter. 69.58% of the stock is currently owned by hedge funds and other 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.