Barclays Issues Positive Forecast for Norwegian Cruise Line (NYSE:NCLH) Stock Price

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) had its price objective lifted by equities researchers at Barclays from $22.00 to $25.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's target price indicates a potential upside of 13.90% from the company's current price.

Several other research analysts have also issued reports on the company. JPMorgan Chase & Co. raised Norwegian Cruise Line from a "neutral" rating to an "overweight" rating and set a $30.00 target price on the stock in a research report on Monday, March 17th. BNP Paribas initiated coverage on Norwegian Cruise Line in a report on Thursday, March 27th. They issued a "neutral" rating and a $21.00 price objective on the stock. Truist Financial cut their price objective on Norwegian Cruise Line from $35.00 to $27.00 and set a "buy" rating on the stock in a report on Monday, May 19th. Susquehanna cut their price objective on Norwegian Cruise Line from $27.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Finally, UBS Group cut their price objective on Norwegian Cruise Line from $29.00 to $23.00 and set a "neutral" rating on the stock in a report on Monday, June 30th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $25.16.

Norwegian Cruise Line Stock Up 1.4%

Shares of NCLH traded up $0.31 during trading hours on Wednesday, hitting $21.95. The company had a trading volume of 10,680,495 shares, compared to its average volume of 12,931,539. The company's fifty day moving average price is $18.88 and its two-hundred day moving average price is $21.24. Norwegian Cruise Line has a one year low of $14.21 and a one year high of $29.29. The company has a market capitalization of $9.81 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 0.37 and a beta of 2.13. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 9.09.

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

Hedge Funds Weigh In On Norwegian Cruise Line

Hedge funds have recently bought and sold shares of the business. Jupiter Asset Management Ltd. boosted its position in Norwegian Cruise Line by 365.5% during the fourth quarter. Jupiter Asset Management Ltd. now owns 2,168,658 shares of the company's stock worth $55,800,000 after purchasing an additional 1,702,748 shares in the last quarter. Granahan Investment Management LLC purchased a new position in shares of Norwegian Cruise Line in the fourth quarter valued at approximately $7,634,000. Vanguard Group Inc. lifted its position in shares of Norwegian Cruise Line by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company's stock valued at $1,371,596,000 after acquiring an additional 277,360 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Norwegian Cruise Line in the first quarter valued at approximately $1,645,000. Finally, New Wave Wealth Advisors LLC lifted its position in shares of Norwegian Cruise Line by 5,467.9% in the first quarter. New Wave Wealth Advisors LLC now owns 18,374 shares of the company's stock valued at $348,000 after acquiring an additional 18,044 shares in 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.