Norwegian Cruise Line (NYSE:NCLH) Price Target Raised to $19.00

Norwegian Cruise Line (NYSE:NCLH) had its price objective hoisted by Morgan Stanley from $17.50 to $19.00 in a report issued on Wednesday morning, Benzinga reports. They currently have an underweight rating on the stock.

A number of other brokerages also recently issued reports on NCLH. Truist Financial raised their price objective on Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Citigroup raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and lifted their target price for the company from $20.00 to $30.00 in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their target price on Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. StockNews.com raised Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research report on Sunday, October 20th. Finally, Bank of America lifted their target price on Norwegian Cruise Line from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Norwegian Cruise Line has a consensus rating of “Hold” and an average price target of $25.80.

Norwegian Cruise Line Stock Down 1.8 %

Shares of NYSE:NCLH opened at $24.88 on Wednesday. The business has a 50-day moving average price of $20.86 and a 200 day moving average price of $18.60. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 17.19. The company has a market capitalization of $10.94 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 0.31 and a beta of 2.71. Norwegian Cruise Line has a 12-month low of $12.70 and a 12-month high of $26.73.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings data 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 firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. Norwegian Cruise Line had a return on equity of 105.44% and a net margin of 4.62%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the company earned $0.20 EPS. Sell-side analysts expect that Norwegian Cruise Line will post 1.38 EPS for the current year.

Institutional Investors Weigh In On Norwegian Cruise Line

Several institutional investors have recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System lifted its stake in Norwegian Cruise Line by 2.1% during the third quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the company’s stock worth $509,000 after purchasing an additional 500 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Norwegian Cruise Line by 2.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 21,605 shares of the company’s stock worth $452,000 after purchasing an additional 537 shares during the last quarter. NBC Securities Inc. lifted its stake in Norwegian Cruise Line by 1.5% during the third quarter. NBC Securities Inc. now owns 45,603 shares of the company’s stock worth $935,000 after purchasing an additional 678 shares during the last quarter. Signaturefd LLC lifted its stake in Norwegian Cruise Line by 5.6% during the second quarter. Signaturefd LLC now owns 13,365 shares of the company’s stock worth $251,000 after purchasing an additional 705 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its stake in Norwegian Cruise Line by 5.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 13,713 shares of the company’s stock worth $258,000 after purchasing an additional 747 shares during the last quarter. Hedge funds and other 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.