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

Norwegian Cruise Line (NYSE:NCLH) had its price target increased by Mizuho from $26.00 to $28.00 in a report published on Friday, Benzinga reports. Mizuho currently has an outperform rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. StockNews.com cut shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Bank of America raised their target price on Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. 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. Tigress Financial restated a “strong-buy” rating and issued a $32.00 price objective on shares of Norwegian Cruise Line in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. upped their target price on shares of 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 given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Norwegian Cruise Line currently has an average rating of “Hold” and a consensus price target of $25.80.

Norwegian Cruise Line Price Performance

Shares of NYSE NCLH opened at $24.88 on Friday. The firm has a market cap of $10.94 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 0.33 and a beta of 2.67. The stock has a fifty day simple moving average of $20.86 and a two-hundred day simple moving average of $18.61. The company has a current ratio of 0.20, a quick ratio of 0.22 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line has a 1-year low of $12.70 and a 1-year high of $26.73.

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

Institutional Investors Weigh In On Norwegian Cruise Line

Hedge funds have recently made changes to their positions in the business. Transcendent Capital Group LLC bought a new position in shares of Norwegian Cruise Line during the 1st quarter valued at $27,000. Sentry Investment Management LLC purchased a new position in shares of Norwegian Cruise Line in the second quarter worth about $39,000. Blue Trust Inc. increased its holdings in shares of Norwegian Cruise Line by 489.8% in the third 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 stake in shares of Norwegian Cruise Line in the 1st quarter valued at about $61,000. Finally, Moisand Fitzgerald Tamayo LLC purchased a new stake in Norwegian Cruise Line during the 3rd quarter valued at about $78,000. 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.