Tigress Financial Forecasts Strong Price Appreciation for Norwegian Cruise Line (NYSE:NCLH) Stock

Norwegian Cruise Line (NYSE:NCLH) had its price objective increased by Tigress Financial from $32.00 to $36.00 in a research report sent to investors on Monday morning,Benzinga reports. Tigress Financial currently has a strong-buy rating on the stock.

Several other equities research analysts also recently issued reports on the stock. UBS Group lifted their price target on shares of Norwegian Cruise Line from $19.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. lifted their price target on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Truist Financial boosted their target price on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Mizuho boosted their target price on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, StockNews.com raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $27.60.

Norwegian Cruise Line Stock Performance

Shares of NCLH stock opened at $27.30 on Monday. Norwegian Cruise Line has a 52 week low of $13.66 and a 52 week high of $28.11. The company has a market cap of $12.00 billion, a PE ratio of 25.05, a P/E/G ratio of 0.29 and a beta of 2.67. 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’s fifty day simple moving average is $22.15 and its 200-day simple moving average is $19.01.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.05. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the previous year, the firm posted $0.71 EPS. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. As a group, equities research analysts anticipate that Norwegian Cruise Line will post 1.64 EPS for the current year.

Insider Activity

In other news, CAO Faye L. Ashby sold 38,344 shares of Norwegian Cruise Line stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $27.30, for a total value 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 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Norwegian Cruise Line news, CFO Mark Kempa sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $27.86, for a total transaction of $417,900.00. Following the completion of the transaction, the chief financial officer now directly owns 253,386 shares of the company’s stock, valued at $7,059,333.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Faye L. Ashby sold 38,344 shares of the business’s stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 116,270 shares of the company’s stock, valued at $3,174,171. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 82,344 shares of company stock valued at $2,269,731. Company insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Avior Wealth Management LLC lifted its stake in shares of Norwegian Cruise Line by 34.1% in the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock worth $35,000 after acquiring an additional 429 shares during the period. Louisiana State Employees Retirement System lifted its stake in shares of Norwegian Cruise Line by 2.1% in the 3rd quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the company’s stock worth $509,000 after acquiring an additional 500 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of Norwegian Cruise Line by 1.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company’s stock worth $944,000 after acquiring an additional 509 shares during the period. Mount Lucas Management LP lifted its stake in shares of Norwegian Cruise Line by 2.4% in the 3rd quarter. Mount Lucas Management LP now owns 22,055 shares of the company’s stock worth $452,000 after acquiring an additional 516 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Norwegian Cruise Line by 1.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,757 shares of the company’s stock worth $918,000 after acquiring an additional 521 shares during the period. 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.