Norwegian Cruise Line (NYSE:NCLH) Given New $24.00 Price Target at Deutsche Bank Aktiengesellschaft

Norwegian Cruise Line (NYSE:NCLH) had its price target lifted by Deutsche Bank Aktiengesellschaft from $21.00 to $24.00 in a research report report published on Friday, Benzinga reports. The firm currently has a hold rating on the stock.

Other equities research analysts also recently issued reports about the stock. Citigroup raised shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $20.00 to $30.00 in a research note on Wednesday, October 9th. Macquarie boosted their price target on shares of Norwegian Cruise Line from $24.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday. Tigress Financial reaffirmed a “strong-buy” rating and issued a $32.00 target price on shares of Norwegian Cruise Line in a research note on Friday, August 9th. Susquehanna upped their target price 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. Finally, Barclays upped their target price on shares of Norwegian Cruise Line from $21.00 to $26.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $25.80.

Norwegian Cruise Line Price Performance

Shares of NCLH stock traded down $0.46 during trading hours on Friday, reaching $24.88. 12,222,766 shares of the company were exchanged, compared to its average volume of 12,937,590. Norwegian Cruise Line has a fifty-two week low of $12.70 and a fifty-two week high of $26.73. The stock’s fifty day moving average is $20.86 and its two-hundred day moving average is $18.60. The company has a market cap of $10.94 billion, a price-to-earnings ratio of 29.27, a P/E/G ratio of 0.31 and a beta of 2.71. The company has a debt-to-equity ratio of 17.19, a current ratio of 0.24 and a quick ratio of 0.22.

Norwegian Cruise Line (NYSE:NCLH) last announced its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. Norwegian Cruise Line’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.20 earnings per share. Sell-side analysts forecast that Norwegian Cruise Line will post 1.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NCLH. Transcendent Capital Group LLC acquired a new position in Norwegian Cruise Line during the first quarter worth $27,000. Sentry Investment Management LLC acquired a new stake in Norwegian Cruise Line in the second quarter valued at $39,000. Blue Trust Inc. grew its position in shares of Norwegian Cruise Line by 489.8% in the 3rd quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock valued at $41,000 after acquiring an additional 1,817 shares during the period. Fidelis Capital Partners LLC acquired a new position in shares of Norwegian Cruise Line during the 1st quarter worth about $61,000. Finally, Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Norwegian Cruise Line during the 3rd quarter worth about $78,000. Institutional investors and hedge funds 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.