Norwegian Cruise Line (NYSE:NCLH) Price Target Raised to $24.00

Norwegian Cruise Line (NYSE:NCLH) had its target price boosted by Deutsche Bank Aktiengesellschaft from $21.00 to $24.00 in a report issued on Friday, Benzinga reports. They currently have a hold rating on the stock.

A number of other research firms have also commented on NCLH. Stifel Nicolaus raised their price objective on shares of Norwegian Cruise Line from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Morgan Stanley raised their target price on Norwegian Cruise Line from $17.50 to $19.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 30th. Macquarie upped their price target on Norwegian Cruise Line from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday. Bank of America raised their price objective on Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Finally, Barclays upped their target price on Norwegian Cruise Line from $21.00 to $26.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $25.80.

Norwegian Cruise Line Stock Performance

NCLH opened at $24.88 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The firm has a market cap of $10.94 billion, a PE ratio of 22.83, a P/E/G ratio of 0.33 and a beta of 2.67. The business has a fifty day simple moving average of $20.86 and a 200-day simple moving average of $18.61. Norwegian Cruise Line has a fifty-two week low of $12.70 and a fifty-two week high of $26.73.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. Norwegian Cruise Line’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the company posted $0.71 EPS. As a group, equities analysts predict that Norwegian Cruise Line will post 1.38 EPS for the current fiscal year.

Institutional Trading of Norwegian Cruise Line

A number of institutional investors and hedge funds have recently made changes to their positions in NCLH. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Norwegian Cruise Line in the 1st quarter valued at approximately $217,000. Norden Group LLC acquired a new stake in shares of Norwegian Cruise Line in the first quarter worth $352,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Norwegian Cruise Line by 2.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 21,605 shares of the company’s stock worth $452,000 after buying an additional 537 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Norwegian Cruise Line by 875.2% during the 1st quarter. Van ECK Associates Corp now owns 122,448 shares of the company’s stock worth $2,563,000 after buying an additional 109,892 shares during the period. Finally, Private Advisor Group LLC grew its stake in Norwegian Cruise Line by 30.0% in the 1st quarter. Private Advisor Group LLC now owns 33,192 shares of the company’s stock valued at $695,000 after buying an additional 7,652 shares during the last quarter. 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.