Barclays Boosts Norwegian Cruise Line (NYSE:NCLH) Price Target to $25.00

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) had its target price hoisted by analysts at Barclays from $22.00 to $25.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's price target suggests a potential upside of 10.72% from the company's current price.

Several other research analysts have also issued reports on the company. UBS Group reduced their price target on Norwegian Cruise Line from $29.00 to $23.00 and set a "neutral" rating on the stock in a research report on Monday, June 30th. Northcoast Research assumed coverage on Norwegian Cruise Line in a research report on Friday, April 25th. They issued a "buy" rating and a $21.00 price target on the stock. Citigroup raised their price target on Norwegian Cruise Line from $24.00 to $25.00 and gave the stock a "buy" rating in a research report on Thursday, June 5th. JPMorgan Chase & Co. upgraded Norwegian Cruise Line from a "neutral" rating to an "overweight" rating and set a $30.00 target price on the stock in a report on Monday, March 17th. Finally, BNP Paribas initiated coverage on Norwegian Cruise Line in a report on Thursday, March 27th. They set a "neutral" rating and a $21.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Norwegian Cruise Line has an average rating of "Moderate Buy" and an average target price of $25.16.

Norwegian Cruise Line Trading Down 2.5%

Shares of NYSE NCLH traded down $0.57 during midday trading on Wednesday, hitting $22.58. The stock had a trading volume of 10,937,862 shares, compared to its average volume of 12,968,321. The company's 50-day simple moving average is $19.12 and its 200 day simple moving average is $21.19. The firm has a market cap of $10.09 billion, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 0.40 and a beta of 2.13. Norwegian Cruise Line has a fifty-two week low of $14.21 and a fifty-two week high of $29.29. The company has a debt-to-equity ratio of 9.09, a current ratio of 0.19 and a quick ratio of 0.16.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.15 billion. Norwegian Cruise Line had a net margin of 9.05% and a return on equity of 66.78%. The firm's quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the business posted $0.16 earnings per share. Research analysts anticipate that Norwegian Cruise Line will post 1.48 EPS for the current year.

Institutional Trading of Norwegian Cruise Line

A number of hedge funds and other institutional investors have recently modified their holdings of NCLH. Hopwood Financial Services Inc. acquired a new position in Norwegian Cruise Line during the fourth quarter worth approximately $26,000. Rakuten Securities Inc. increased its position in Norwegian Cruise Line by 176.0% during the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock worth $30,000 after buying an additional 739 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in Norwegian Cruise Line during the first quarter worth approximately $33,000. Versant Capital Management Inc increased its position in Norwegian Cruise Line by 147.7% during the first quarter. Versant Capital Management Inc now owns 1,880 shares of the company's stock worth $36,000 after buying an additional 1,121 shares during the last quarter. Finally, Raiffeisen Bank International AG acquired a new position in Norwegian Cruise Line during the fourth quarter worth approximately $40,000. 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.