Jefferies Financial Group Forecasts Strong Price Appreciation for Norwegian Cruise Line (NYSE:NCLH) Stock

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) had its price target raised by investment analysts at Jefferies Financial Group from $24.00 to $29.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Jefferies Financial Group's target price suggests a potential upside of 35.01% from the company's previous close.

NCLH has been the subject of a number of other reports. Morgan Stanley decreased their price objective on shares of Norwegian Cruise Line from $21.00 to $20.00 and set an "equal weight" rating for the company in a report on Tuesday, May 6th. Northcoast Research started coverage on shares of Norwegian Cruise Line in a report on Friday, April 25th. They issued a "buy" rating and a $21.00 price objective for the company. BNP Paribas started coverage on shares of Norwegian Cruise Line in a report on Thursday, March 27th. They issued a "neutral" rating and a $21.00 price objective for the company. The Goldman Sachs Group decreased 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 report on Wednesday, April 23rd. Finally, Tigress Financial reiterated a "strong-buy" rating and issued a $36.00 price objective on shares of Norwegian Cruise Line in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.05.

Norwegian Cruise Line Stock Down 2.3%

Shares of NYSE:NCLH traded down $0.50 during midday trading on Monday, hitting $21.48. 14,553,055 shares of the stock were exchanged, compared to its average volume of 12,928,840. The company has a debt-to-equity ratio of 9.09, a quick ratio of 0.16 and a current ratio of 0.19. Norwegian Cruise Line has a 52-week low of $14.21 and a 52-week high of $29.29. The business's fifty day simple moving average is $18.67 and its two-hundred day simple moving average is $21.23. The company has a market capitalization of $9.60 billion, a PE ratio of 12.42, a P/E/G ratio of 0.38 and a beta of 2.13.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its quarterly earnings data 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 return on equity of 66.78% and a net margin of 9.05%. The firm had revenue of $2.13 billion for the quarter, compared to analysts' expectations of $2.15 billion. During the same quarter in the prior year, the business posted $0.16 earnings per share. Norwegian Cruise Line's 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 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NCLH. US Bancorp DE raised its position in Norwegian Cruise Line by 70.7% in the fourth quarter. US Bancorp DE now owns 20,528 shares of the company's stock worth $528,000 after purchasing an additional 8,504 shares in the last quarter. Jones Financial Companies Lllp raised its position in Norwegian Cruise Line by 60.4% in the fourth quarter. Jones Financial Companies Lllp now owns 28,449 shares of the company's stock worth $732,000 after purchasing an additional 10,712 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Norwegian Cruise Line by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,547,816 shares of the company's stock worth $91,285,000 after purchasing an additional 47,507 shares in the last quarter. M&T Bank Corp increased its holdings in shares of Norwegian Cruise Line by 4.5% during the fourth quarter. M&T Bank Corp now owns 57,386 shares of the company's stock worth $1,477,000 after buying an additional 2,449 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of Norwegian Cruise Line in the 4th quarter worth approximately $2,072,000. 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.