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

Key Points

• Mizuho raised the price target for Norwegian Cruise Line from $26.00 to $29.00, suggesting an upside potential of 18.67% from the previous close.
• The stock currently has a consensus rating of "Moderate Buy," with nine analysts rating it as a hold and twelve as a buy.
• Norwegian Cruise Line reported a revenue of $2.52 billion in its last quarterly earnings, slightly missing the consensus estimate of $2.55 billion, while also showing a year-over-year revenue increase of 6.1%.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) had its price target hoisted by Mizuho from $26.00 to $29.00 in a report released on Friday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Mizuho's price target would suggest a potential upside of 18.67% from the company's previous close.

Several other brokerages have also recently commented on NCLH. Wall Street Zen upgraded shares of Norwegian Cruise Line from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Melius Research raised shares of Norwegian Cruise Line to a "strong-buy" rating in a report on Monday, April 21st. Truist Financial decreased their price target on shares of Norwegian Cruise Line from $35.00 to $27.00 and set a "buy" rating for the company in a report on Monday, May 19th. Citigroup boosted their price target on shares of Norwegian Cruise Line from $25.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Finally, Jefferies Financial Group boosted their price target on shares of Norwegian Cruise Line from $24.00 to $29.00 and gave the company a "buy" rating in a report on Monday, July 7th. Nine analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $26.90.

Norwegian Cruise Line Price Performance

Shares of NYSE:NCLH traded down $1.12 during trading on Friday, reaching $24.44. The stock had a trading volume of 11,028,335 shares, compared to its average volume of 14,201,782. Norwegian Cruise Line has a 52 week low of $14.21 and a 52 week high of $29.29. The business's 50-day moving average price is $20.63 and its 200 day moving average price is $20.98. The company has a debt-to-equity ratio of 9.09, a current ratio of 0.19 and a quick ratio of 0.16. The stock has a market capitalization of $10.92 billion, a PE ratio of 14.11, a P/E/G ratio of 0.98 and a beta of 2.13.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). Norwegian Cruise Line had a return on equity of 66.78% and a net margin of 9.05%. The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter last year, the firm earned $0.40 EPS. The business's revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities analysts predict that Norwegian Cruise Line will post 1.48 earnings per share for the current year.

Hedge Funds Weigh In On Norwegian Cruise Line

A number of institutional investors have recently added to or reduced their stakes in the company. United Capital Financial Advisors LLC lifted its stake in Norwegian Cruise Line by 3.7% in the fourth quarter. United Capital Financial Advisors LLC now owns 13,928 shares of the company's stock valued at $358,000 after acquiring an additional 498 shares during the last quarter. Scotia Capital Inc. grew its position in shares of Norwegian Cruise Line by 0.5% in the 4th quarter. Scotia Capital Inc. now owns 113,778 shares of the company's stock valued at $2,928,000 after acquiring an additional 540 shares during the period. Omnia Family Wealth LLC grew its position in shares of Norwegian Cruise Line by 3.9% in the 2nd quarter. Omnia Family Wealth LLC now owns 15,410 shares of the company's stock valued at $313,000 after acquiring an additional 583 shares during the period. Brooklyn Investment Group grew its position in shares of Norwegian Cruise Line by 22.0% in the 1st quarter. Brooklyn Investment Group now owns 3,394 shares of the company's stock valued at $64,000 after acquiring an additional 613 shares during the period. Finally, Quadrant Capital Group LLC grew its position in shares of Norwegian Cruise Line by 35.0% in the 4th quarter. Quadrant Capital Group LLC now owns 2,524 shares of the company's stock valued at $65,000 after acquiring an additional 654 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

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.

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