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

Norwegian Cruise Line (NYSE:NCLH) had its price objective increased 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.

Other analysts have also issued reports about the stock. Macquarie lifted their target price on shares of Norwegian Cruise Line from $23.00 to $24.00 and gave the stock an outperform rating in a report on Thursday, August 1st. Bank of America boosted their price objective on shares of Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a neutral rating in a report on Tuesday, July 23rd. Wells Fargo & Company increased their target price on Norwegian Cruise Line from $19.00 to $20.00 and gave the company an equal weight rating in a research note on Tuesday, May 21st. Barclays boosted their price target on Norwegian Cruise Line from $20.00 to $21.00 and gave the stock an equal weight rating in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group upped their price target on Norwegian Cruise Line from $19.00 to $21.00 and gave the company a neutral rating in a report on Tuesday, May 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Norwegian Cruise Line currently has an average rating of Hold and an average target price of $22.17.

Norwegian Cruise Line Stock Performance

Norwegian Cruise Line stock opened at $19.84 on Monday. Norwegian Cruise Line has a twelve month low of $12.70 and a twelve month high of $21.73. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 17.19. The company has a market capitalization of $8.51 billion, a P/E ratio of 28.34, a PEG ratio of 0.27 and a beta of 2.70. The stock’s 50 day moving average is $17.77 and its 200 day moving average is $17.99.

Norwegian Cruise Line (NYSE:NCLH) last released 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 firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.38 billion. Norwegian Cruise Line had a return on equity of 105.44% and a net margin of 4.62%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.20 earnings per share. On average, equities research analysts predict that Norwegian Cruise Line will post 1.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of large investors have recently made changes to their positions in the company. Transcendent Capital Group LLC purchased a new position in shares of Norwegian Cruise Line in the first quarter worth approximately $27,000. YHB Investment Advisors Inc. bought a new position in Norwegian Cruise Line in the first quarter worth approximately $39,000. Sentry Investment Management LLC purchased a new position in shares of Norwegian Cruise Line during the 2nd quarter worth $39,000. 1832 Asset Management L.P. purchased a new position in shares of Norwegian Cruise Line during the 4th quarter worth $44,000. Finally, Fidelis Capital Partners LLC bought a new stake 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.