Citigroup Forecasts Strong Price Appreciation for Norwegian Cruise Line (NYSE:NCLH) Stock

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

Several other research analysts have also weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Norwegian Cruise Line in a research report on Monday, March 31st. They set a "buy" rating and a $25.00 target price on the stock. Melius Research raised shares of Norwegian Cruise Line to a "strong-buy" rating in a research note on Monday, April 21st. The Goldman Sachs Group dropped their price objective on shares of 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. Wells Fargo & Company raised their price target on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Finally, Barclays reduced their price objective on shares of Norwegian Cruise Line from $32.00 to $23.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Norwegian Cruise Line currently has an average rating of "Moderate Buy" and a consensus target price of $25.16.

Norwegian Cruise Line Trading Up 5.2%

NCLH stock traded up $0.95 during trading on Thursday, reaching $19.35. 28,050,195 shares of the stock were exchanged, compared to its average volume of 12,579,764. The business has a 50 day moving average price of $17.44 and a 200-day moving average price of $22.40. The firm has a market capitalization of $8.65 billion, a price-to-earnings ratio of 17.75, a P/E/G ratio of 0.24 and a beta of 2.12. Norwegian Cruise Line has a 1 year low of $14.21 and a 1 year high of $29.29. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last issued 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). The company 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 5.87% and a return on equity of 99.31%. The company's quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.16 EPS. On average, research analysts predict that Norwegian Cruise Line will post 1.48 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NCLH. United Capital Financial Advisors LLC increased its position in shares of Norwegian Cruise Line by 3.7% during the 4th quarter. United Capital Financial Advisors LLC now owns 13,928 shares of the company's stock valued at $358,000 after purchasing an additional 498 shares during the last quarter. Scotia Capital Inc. lifted its holdings in Norwegian Cruise Line by 0.5% in the 4th quarter. Scotia Capital Inc. now owns 113,778 shares of the company's stock worth $2,928,000 after buying an additional 540 shares during the period. Brooklyn Investment Group lifted its holdings in Norwegian Cruise Line by 22.0% in the 1st quarter. Brooklyn Investment Group now owns 3,394 shares of the company's stock worth $64,000 after buying an additional 613 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Norwegian Cruise Line by 35.0% during the fourth quarter. Quadrant Capital Group LLC now owns 2,524 shares of the company's stock valued at $65,000 after purchasing an additional 654 shares in the last quarter. Finally, Burns Matteson Capital Management LLC boosted its position in shares of Norwegian Cruise Line by 4.0% during the first quarter. Burns Matteson Capital Management LLC now owns 17,618 shares of the company's stock valued at $334,000 after purchasing an additional 677 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company's stock.

About Norwegian Cruise Line

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.