Norwegian Cruise Line (NYSE:NCLH) PT Raised to $29.00 at Stifel Nicolaus

Norwegian Cruise Line (NYSE:NCLH) had its price target boosted by Stifel Nicolaus from $27.00 to $29.00 in a research note released on Friday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

NCLH has been the topic of several other research reports. Tigress Financial reissued a strong-buy rating and set a $32.00 target price on shares of Norwegian Cruise Line in a research report on Friday, August 9th. Truist Financial raised their price objective on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a buy rating in a report on Thursday, September 26th. Macquarie upped their target price on shares of Norwegian Cruise Line from $23.00 to $24.00 and gave the company an outperform rating in a report on Thursday, August 1st. Barclays lifted their price target on shares of 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, Susquehanna upped their price objective 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. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Norwegian Cruise Line presently has an average rating of Hold and a consensus price target of $22.57.

Norwegian Cruise Line Stock Down 1.5 %

NCLH stock opened at $20.09 on Friday. The company’s 50 day moving average price is $18.00 and its 200 day moving average price is $18.04. The firm has a market capitalization of $8.62 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 0.30 and a beta of 2.71. Norwegian Cruise Line has a fifty-two week low of $12.70 and a fifty-two week high of $21.73. The company has a debt-to-equity ratio of 17.19, a quick ratio of 0.22 and a current ratio of 0.24.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Transcendent Capital Group LLC acquired a new position in shares of Norwegian Cruise Line during the 1st quarter worth $27,000. YHB Investment Advisors Inc. acquired a new position in Norwegian Cruise Line during the first quarter worth about $39,000. Sentry Investment Management LLC purchased a new stake in shares of Norwegian Cruise Line in the second quarter valued at about $39,000. 1832 Asset Management L.P. acquired a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at approximately $44,000. Finally, Fidelis Capital Partners LLC purchased a new position in shares of Norwegian Cruise Line during the 1st quarter worth approximately $61,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

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.