Norwegian Cruise Line (NYSE:NCLH) Price Target Raised to $29.00

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) had its price objective increased by equities research analysts at Jefferies Financial Group from $24.00 to $29.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Jefferies Financial Group's price objective points to a potential upside of 35.48% from the company's current price.

Other research analysts have also issued research reports about the company. Macquarie dropped their target price on Norwegian Cruise Line from $31.00 to $27.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Melius Research raised Norwegian Cruise Line to a "strong-buy" rating in a report on Monday, April 21st. BNP Paribas started coverage on Norwegian Cruise Line in a report on Thursday, March 27th. They issued a "neutral" rating and a $21.00 target price on the stock. Wall Street Zen lowered Norwegian Cruise Line from a "hold" rating to a "sell" rating in a report on Saturday, May 3rd. Finally, Truist Financial dropped 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. One 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $25.05.

Norwegian Cruise Line Trading Down 2.6%

Shares of NCLH traded down $0.58 during midday trading on Monday, reaching $21.41. The company had a trading volume of 7,242,422 shares, compared to its average volume of 12,901,807. Norwegian Cruise Line has a 1-year low of $14.21 and a 1-year high of $29.29. The stock has a market cap of $9.56 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 0.38 and a beta of 2.13. The firm has a 50 day simple moving average of $18.59 and a 200-day simple moving average of $21.27. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 9.09.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.07 earnings per share 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 business's revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 earnings per share. Research analysts forecast that Norwegian Cruise Line will post 1.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Norwegian Cruise Line

Hedge funds have recently modified their holdings of the stock. Jupiter Asset Management Ltd. raised its holdings in shares of Norwegian Cruise Line by 365.5% during the 4th quarter. Jupiter Asset Management Ltd. now owns 2,168,658 shares of the company's stock valued at $55,800,000 after buying an additional 1,702,748 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Norwegian Cruise Line by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,547,816 shares of the company's stock valued at $91,285,000 after purchasing an additional 47,507 shares in the last quarter. Granahan Investment Management LLC acquired a new stake in Norwegian Cruise Line during the 4th quarter valued at approximately $7,634,000. Vanguard Group Inc. grew its stake in Norwegian Cruise Line by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company's stock valued at $1,371,596,000 after purchasing an additional 277,360 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Norwegian Cruise Line in the 1st quarter worth approximately $1,645,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

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.

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