UBS Group Raises Norwegian Cruise Line (NYSE:NCLH) Price Target to $19.00

Norwegian Cruise Line (NYSE:NCLH) had its price objective hoisted by UBS Group from $18.00 to $19.00 in a report released on Tuesday, Benzinga reports. The firm currently has a neutral rating on the stock.

Several other brokerages have also issued reports on NCLH. StockNews.com upgraded shares of Norwegian Cruise Line from a sell rating to a hold rating in a research note on Wednesday, May 8th. Barclays reduced their price objective on shares of Norwegian Cruise Line from $21.00 to $20.00 and set an equal weight rating for the company in a research note on Thursday, May 2nd. Citigroup reduced their price objective on shares of Norwegian Cruise Line from $23.00 to $19.00 and set a neutral rating for the company in a research note on Monday, February 12th. Morgan Stanley raised their price target on shares of Norwegian Cruise Line from $14.00 to $15.00 and gave the company an underweight rating in a report on Tuesday, March 5th. Finally, Wells Fargo & Company cut their price target on shares of Norwegian Cruise Line from $21.00 to $19.00 and set an equal weight rating for the company in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $21.00.

Norwegian Cruise Line Stock Performance

Shares of Norwegian Cruise Line stock opened at $16.00 on Tuesday. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 33.16. The business has a 50-day moving average price of $18.14 and a two-hundred day moving average price of $17.71. Norwegian Cruise Line has a 1-year low of $12.70 and a 1-year high of $22.75. The company has a market cap of $6.86 billion, a P/E ratio of 22.86, a PEG ratio of 0.27 and a beta of 2.59.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.05. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Norwegian Cruise Line had a net margin of 3.84% and a return on equity of 136.20%. As a group, analysts anticipate that Norwegian Cruise Line will post 1.11 EPS for the current year.

Hedge Funds Weigh In On Norwegian Cruise Line

Hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Research Global Investors boosted its stake in Norwegian Cruise Line by 87.8% during the fourth quarter. Capital Research Global Investors now owns 57,049,928 shares of the company’s stock worth $1,143,285,000 after acquiring an additional 26,676,150 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Norwegian Cruise Line by 120.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock worth $470,889,000 after acquiring an additional 12,313,426 shares in the last quarter. Norges Bank bought a new stake in Norwegian Cruise Line during the fourth quarter worth about $83,243,000. Invesco Ltd. boosted its stake in Norwegian Cruise Line by 22.4% during the third quarter. Invesco Ltd. now owns 8,197,327 shares of the company’s stock worth $135,092,000 after acquiring an additional 1,499,622 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Norwegian Cruise Line by 58.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,105,324 shares of the company’s stock worth $62,240,000 after acquiring an additional 1,141,086 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

About Norwegian Cruise Line

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.