Norwegian Cruise Line (NYSE:NCLH) Price Target Raised to $25.00 at Citigroup

Norwegian Cruise Line (NYSE:NCLH - Free Report) had its price target raised by Citigroup from $24.00 to $25.00 in a report published on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research firms also recently commented on NCLH. Susquehanna dropped 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. The Goldman Sachs Group decreased their target price on Norwegian Cruise Line from $31.00 to $20.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Barclays decreased their target price on Norwegian Cruise Line from $32.00 to $23.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Northcoast Research assumed coverage on Norwegian Cruise Line in a research report on Friday, April 25th. They set a "buy" rating and a $21.00 target price for the company. Finally, BNP Paribas assumed coverage on Norwegian Cruise Line in a research report on Thursday, March 27th. They set a "neutral" rating and a $21.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Norwegian Cruise Line has a consensus rating of "Moderate Buy" and a consensus target price of $25.16.

Norwegian Cruise Line Stock Up 1.2%

Shares of NCLH traded up $0.24 during trading hours on Thursday, reaching $19.59. The company's stock had a trading volume of 14,724,159 shares, compared to its average volume of 12,606,591. The company has a 50 day moving average of $17.45 and a two-hundred day moving average of $22.30. Norwegian Cruise Line has a 1-year low of $14.21 and a 1-year high of $29.29. The firm has a market cap of $8.75 billion, a price-to-earnings ratio of 17.97, a P/E/G ratio of 0.24 and a beta of 2.12. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.02). Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the prior year, the company posted $0.16 EPS. The company's quarterly revenue was down 2.9% on a year-over-year basis. As a group, research analysts predict that Norwegian Cruise Line will post 1.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NCLH. Blue Trust Inc. lifted its position in Norwegian Cruise Line by 38.8% in the fourth quarter. Blue Trust Inc. now owns 3,037 shares of the company's stock worth $78,000 after purchasing an additional 849 shares during the period. Caprock Group LLC bought a new position in Norwegian Cruise Line in the fourth quarter worth $219,000. Yousif Capital Management LLC lifted its position in Norwegian Cruise Line by 0.9% in the fourth quarter. Yousif Capital Management LLC now owns 97,406 shares of the company's stock worth $2,506,000 after purchasing an additional 874 shares during the period. Stratos Wealth Partners LTD. lifted its position in Norwegian Cruise Line by 12.1% in the fourth quarter. Stratos Wealth Partners LTD. now owns 12,082 shares of the company's stock worth $311,000 after purchasing an additional 1,300 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Norwegian Cruise Line by 34.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 43,319 shares of the company's stock worth $1,115,000 after purchasing an additional 11,044 shares during the period. 69.58% of the stock is 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.