Morgan Stanley Issues Positive Forecast for Norwegian Cruise Line (NYSE:NCLH) Stock Price

Norwegian Cruise Line (NYSE:NCLH) had its price target hoisted by Morgan Stanley from $17.50 to $19.00 in a research report released on Wednesday, Benzinga reports. They currently have an underweight rating on the stock.

NCLH has been the topic of a number of other reports. Truist Financial boosted their price target 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. Citigroup raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and increased their price target for the company from $20.00 to $30.00 in a report on Wednesday, October 9th. Macquarie boosted their price objective on Norwegian Cruise Line from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. StockNews.com upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Sunday, October 20th. Finally, JPMorgan Chase & Co. lifted their price target on Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Norwegian Cruise Line has a consensus rating of “Hold” and a consensus target price of $23.73.

Norwegian Cruise Line Stock Performance

NYSE NCLH opened at $23.85 on Wednesday. The company has a debt-to-equity ratio of 17.19, a current ratio of 0.24 and a quick ratio of 0.22. The stock’s 50 day simple moving average is $20.54 and its 200-day simple moving average is $18.50. The company has a market cap of $10.49 billion, a PE ratio of 28.06, a price-to-earnings-growth ratio of 0.33 and a beta of 2.71. Norwegian Cruise Line has a 1-year low of $12.70 and a 1-year high of $24.80.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Norwegian Cruise Line had a return on equity of 105.44% and a net margin of 4.62%. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same quarter last year, the firm posted $0.20 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, equities research analysts anticipate that Norwegian Cruise Line will post 1.38 EPS for the current fiscal year.

Institutional Trading of Norwegian Cruise Line

Institutional investors have recently added to or reduced their stakes in the stock. Transcendent Capital Group LLC acquired a new position in Norwegian Cruise Line during the first quarter worth $27,000. Sentry Investment Management LLC acquired a new position in Norwegian Cruise Line during the 2nd quarter worth about $39,000. Blue Trust Inc. boosted its holdings in Norwegian Cruise Line by 489.8% during the 3rd quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock valued at $41,000 after acquiring an additional 1,817 shares during the period. Fidelis Capital Partners LLC acquired a new position in Norwegian Cruise Line in the 1st quarter valued at about $61,000. Finally, Moisand Fitzgerald Tamayo LLC acquired a new position in Norwegian Cruise Line in the 3rd quarter valued at about $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.