Norwegian Cruise Line (NYSE:NCLH) PT Raised to $25.00

Norwegian Cruise Line (NYSE:NCLH) had its target price boosted by investment analysts at JPMorgan Chase & Co. from $23.00 to $25.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 26.52% from the stock’s previous close.

A number of other equities research analysts have also issued reports on NCLH. Susquehanna increased their target price on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Macquarie lifted their price objective on shares of Norwegian Cruise Line from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Mizuho raised shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $21.00 to $24.00 in a research report on Tuesday, May 28th. Truist Financial raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating and raised their price target for the company from $20.00 to $21.00 in a report on Wednesday, May 29th. Finally, Tigress Financial reiterated a “strong-buy” rating and issued a $32.00 price objective on shares of Norwegian Cruise Line in a report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.17.

Norwegian Cruise Line Trading Down 0.5 %

NYSE NCLH opened at $19.76 on Monday. The firm has a market capitalization of $8.48 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 0.27 and a beta of 2.70. 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 has a one year low of $12.70 and a one year high of $21.73. The company’s 50 day moving average price is $17.75 and its 200 day moving average price is $17.97.

Norwegian Cruise Line (NYSE:NCLH) last posted its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same quarter in the previous year, the business posted $0.20 EPS. The business’s quarterly revenue was up 7.6% on a year-over-year basis. On average, sell-side analysts predict that Norwegian Cruise Line will post 1.37 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Private Advisor Group LLC lifted its holdings in shares of Norwegian Cruise Line by 6.6% in the 4th quarter. Private Advisor Group LLC now owns 25,540 shares of the company’s stock worth $512,000 after purchasing an additional 1,581 shares during the last quarter. QRG Capital Management Inc. lifted its stake in Norwegian Cruise Line by 9.8% in the fourth quarter. QRG Capital Management Inc. now owns 17,069 shares of the company’s stock valued at $342,000 after buying an additional 1,521 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of 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 valued at $62,240,000 after acquiring an additional 1,141,086 shares during the period. Kentucky Retirement Systems grew its position in shares of Norwegian Cruise Line by 3.1% during the fourth quarter. Kentucky Retirement Systems now owns 34,039 shares of the company’s stock worth $682,000 after acquiring an additional 1,013 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Norwegian Cruise Line in the 4th quarter worth about $83,243,000. 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.