Norwegian Cruise Line (NYSE:NCLH) Price Target Raised to $28.00

Norwegian Cruise Line (NYSE:NCLH) had its price target boosted by Barclays from $26.00 to $28.00 in a research report report published on Friday morning, Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities analysts have also commented on NCLH. Stifel Nicolaus upped their target price on Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, October 4th. Bank of America boosted their price target on shares of Norwegian Cruise Line from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Friday. Truist Financial boosted their target price on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Finally, Susquehanna raised their price target on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $25.80.

Norwegian Cruise Line Trading Down 1.8 %

NYSE:NCLH opened at $24.88 on Friday. The company 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’s 50 day moving average is $20.86 and its two-hundred day moving average is $18.61. The company has a quick ratio of 0.22, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line has a 52 week low of $12.70 and a 52 week high of $26.73.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NCLH. Price T Rowe Associates Inc. MD lifted its holdings in Norwegian Cruise Line by 120.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock valued at $470,889,000 after acquiring an additional 12,313,426 shares during the last quarter. Columbus Hill Capital Management L.P. bought a new stake in shares of Norwegian Cruise Line in the 2nd quarter worth approximately $23,479,000. Dimensional Fund Advisors LP lifted its stake in Norwegian Cruise Line by 32.9% during the second quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock valued at $85,835,000 after purchasing an additional 1,129,770 shares during the last quarter. Jupiter Asset Management Ltd. bought a new stake in Norwegian Cruise Line during the second quarter worth approximately $15,213,000. Finally, International Assets Investment Management LLC boosted its holdings in Norwegian Cruise Line by 3,190.5% during the third quarter. International Assets Investment Management LLC now owns 436,227 shares of the company’s stock worth $8,947,000 after buying an additional 422,970 shares in the last quarter. Institutional investors 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.