Norwegian Cruise Line (NYSE:NCLH) Upgraded by Truist Financial to Buy

Truist Financial upgraded shares of Norwegian Cruise Line (NYSE:NCLHGet Rating) from a hold rating to a buy rating in a report issued on Tuesday, MarketBeat.com reports. They currently have $19.00 target price on the stock, up from their prior target price of $18.00.

Several other analysts have also recently issued reports on NCLH. Susquehanna Bancshares dropped 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. Deutsche Bank Aktiengesellschaft decreased their price target on Norwegian Cruise Line from $17.00 to $16.00 and set a hold rating on the stock in a research note on Wednesday, August 10th. Morgan Stanley decreased their price target on Norwegian Cruise Line from $14.00 to $13.00 and set an equal weight rating on the stock in a research note on Friday, August 12th. Barclays upped their price target on Norwegian Cruise Line from $14.00 to $16.00 and gave the company an equal weight rating in a research note on Monday. Finally, Credit Suisse Group decreased their price target on Norwegian Cruise Line from $33.00 to $25.00 and set an outperform rating on the stock in a research note on Wednesday, August 10th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $20.54.

Norwegian Cruise Line Stock Down 0.9 %

Shares of NYSE:NCLH opened at $15.19 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 0.62 and a debt-to-equity ratio of 13.57. The business has a fifty day moving average of $13.30 and a two-hundred day moving average of $15.58. The stock has a market cap of $6.40 billion, a P/E ratio of -1.54 and a beta of 2.40. Norwegian Cruise Line has a 52-week low of $10.31 and a 52-week high of $29.45.

Norwegian Cruise Line (NYSE:NCLHGet Rating) last issued its earnings results on Tuesday, August 9th. The company reported ($1.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.87) by ($0.35). The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Norwegian Cruise Line had a negative net margin of 166.44% and a negative return on equity of 148.50%. The firm’s quarterly revenue was up 26881.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($1.93) earnings per share. On average, research analysts expect that Norwegian Cruise Line will post -3.95 earnings per share for the current year.

Insider Buying and Selling

In other Norwegian Cruise Line news, CEO Jason Montague sold 62,758 shares of the stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $14.68, for a total value of $921,287.44. Following the sale, the chief executive officer now owns 258,881 shares of the company’s stock, valued at approximately $3,800,373.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Norwegian Cruise Line news, CFO Mark Kempa sold 55,000 shares of the stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $13.50, for a total value of $742,500.00. Following the sale, the chief financial officer now owns 222,651 shares of the company’s stock, valued at approximately $3,005,788.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jason Montague sold 62,758 shares of the stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $14.68, for a total value of $921,287.44. Following the completion of the sale, the chief executive officer now directly owns 258,881 shares in the company, valued at approximately $3,800,373.08. The disclosure for this sale can be found here. 0.77% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Norwegian Cruise Line

Hedge funds have recently bought and sold shares of the stock. Covestor Ltd increased its holdings in shares of Norwegian Cruise Line by 5,020.8% in the 1st quarter. Covestor Ltd now owns 1,229 shares of the company’s stock valued at $27,000 after acquiring an additional 1,205 shares during the last quarter. US Asset Management LLC purchased a new position in shares of Norwegian Cruise Line in the 1st quarter valued at about $28,000. Truvestments Capital LLC purchased a new position in shares of Norwegian Cruise Line in the 2nd quarter valued at about $28,000. Stonebridge Capital Advisors LLC increased its holdings in shares of Norwegian Cruise Line by 115.4% in 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 last quarter. Finally, DeDora Capital Inc. purchased a new position in shares of Norwegian Cruise Line in the 1st quarter valued at about $29,000. Institutional investors and hedge funds own 57.80% of the company’s stock.

Norwegian Cruise Line Company Profile

(Get Rating)

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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Analyst Recommendations for Norwegian Cruise Line (NYSE:NCLH)

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