Norwegian Cruise Line (NYSE:NCLH) PT Raised to $25.00 at JPMorgan Chase & Co.

Norwegian Cruise Line (NYSE:NCLH) had its price objective lifted by JPMorgan Chase & Co. from $23.00 to $25.00 in a research report sent to investors on Monday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other equities analysts have also recently issued reports on the company. Wells Fargo & Company boosted their price objective on Norwegian Cruise Line from $19.00 to $20.00 and gave the company an equal weight rating in a report on Tuesday, May 21st. Bank of America upped their price target on Norwegian Cruise Line from $20.00 to $23.00 and gave the company a neutral rating in a research report on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Norwegian Cruise Line from $18.00 to $20.00 and gave the company a hold rating in a report on Tuesday, May 21st. UBS Group raised their price objective on Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a neutral rating in a research report on Tuesday, May 21st. Finally, The Goldman Sachs Group upped their price target on Norwegian Cruise Line from $19.00 to $21.00 and gave the stock a neutral rating in a research note on Tuesday, May 28th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Norwegian Cruise Line has a consensus rating of Hold and a consensus price target of $22.17.

Norwegian Cruise Line Trading Up 1.9 %

Norwegian Cruise Line stock opened at $20.21 on Monday. The stock has a market cap of $8.67 billion, a P/E ratio of 28.87, a PEG ratio of 0.27 and a beta of 2.70. Norwegian Cruise Line has a 1 year low of $12.70 and a 1 year high of $21.73. The firm’s 50 day moving average price is $17.77 and its 200-day moving average price is $17.99. The company has a debt-to-equity ratio of 17.19, a current ratio of 0.24 and a quick ratio of 0.22.

Norwegian Cruise Line (NYSE:NCLH) last issued its earnings results on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company posted $0.20 earnings per share. On average, equities analysts predict that Norwegian Cruise Line will post 1.37 earnings per share for the current fiscal year.

Institutional Trading of Norwegian Cruise Line

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Transcendent Capital Group LLC acquired a new position in shares of Norwegian Cruise Line in the 1st quarter worth approximately $27,000. YHB Investment Advisors Inc. purchased a new position in shares of Norwegian Cruise Line during the 1st quarter valued at $39,000. Sentry Investment Management LLC acquired a new position in Norwegian Cruise Line in the 2nd quarter worth about $39,000. 1832 Asset Management L.P. acquired a new position in Norwegian Cruise Line in the fourth quarter worth approximately $44,000. Finally, Fidelis Capital Partners LLC bought a new position in shares of Norwegian Cruise Line during the 1st quarter valued at $61,000. 69.58% of the stock is currently owned by institutional investors.

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.