Norwegian Cruise Line (NYSE:NCLH) Given New $28.00 Price Target at Mizuho

Norwegian Cruise Line (NYSE:NCLH) had its price target boosted by analysts at Mizuho from $26.00 to $28.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s price target points to a potential upside of 12.54% from the company’s previous close.

Several other research firms have also recently weighed in on NCLH. StockNews.com cut Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research report on Wednesday. The Goldman Sachs Group lifted their price objective on shares of Norwegian Cruise Line from $24.00 to $29.00 and gave the company a “neutral” rating in a report on Friday. Bank of America raised their target price on shares of Norwegian Cruise Line from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Barclays boosted their price target on shares of Norwegian Cruise Line from $21.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. Finally, Citigroup upgraded Norwegian Cruise Line from a “neutral” rating to a “buy” rating and raised their price objective for the company from $20.00 to $30.00 in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Norwegian Cruise Line currently has a consensus rating of “Hold” and a consensus price target of $25.80.

Norwegian Cruise Line Stock Performance

Shares of NCLH stock opened at $24.88 on Friday. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.22 and a current ratio of 0.20. Norwegian Cruise Line has a 52 week low of $12.70 and a 52 week high of $26.73. The company’s 50 day moving average price is $20.86 and its two-hundred day moving average price is $18.61. The company has a market capitalization of $10.94 billion, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 0.33 and a beta of 2.67.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings data 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 5.87% and a return on equity of 99.31%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the business posted $0.20 earnings per share. On average, analysts expect that Norwegian Cruise Line will post 1.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NCLH. Transcendent Capital Group LLC acquired a new position in shares of Norwegian Cruise Line in the first quarter valued at approximately $27,000. Sentry Investment Management LLC acquired a new position in Norwegian Cruise Line in the 2nd quarter valued at $39,000. Blue Trust Inc. increased its position in Norwegian Cruise Line by 489.8% during the 3rd quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock worth $41,000 after buying an additional 1,817 shares during the period. Fidelis Capital Partners LLC bought a new position in Norwegian Cruise Line during the 1st quarter worth $61,000. Finally, Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Norwegian Cruise Line during the third quarter worth $78,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

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.