Norwegian Cruise Line (NYSE:NCLH) Stock Price Expected to Rise, Barclays Analyst Says

Key Points

• Barclays raised the target price of Norwegian Cruise Line from $25 to $31, indicating a potential upside of 27.52% from its previous close.
• NCLH currently has a consensus rating of "Moderate Buy", with nine analysts rating it as a hold, twelve as a buy, and two as a strong buy.
• The company recently reported quarterly earnings of $0.51 per share, missing estimates by $0.01, despite a 6.1% revenue increase year-over-year.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) had its target price lifted by Barclays from $25.00 to $31.00 in a report released on Friday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Barclays's price objective indicates a potential upside of 27.52% from the company's previous close.

NCLH has been the subject of a number of other reports. The Goldman Sachs Group lowered their price objective 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. TD Cowen began coverage on Norwegian Cruise Line in a research report on Tuesday, July 22nd. They set a "buy" rating and a $31.00 price objective for the company. Citigroup boosted their price objective on Norwegian Cruise Line from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Argus reissued a "hold" rating on shares of Norwegian Cruise Line in a research report on Wednesday, June 18th. Finally, UBS Group lowered their price objective on Norwegian Cruise Line from $29.00 to $23.00 and set a "neutral" rating for the company in a research report on Monday, June 30th. Nine investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $26.40.

Norwegian Cruise Line Stock Performance

NYSE NCLH opened at $24.31 on Friday. The company has a market cap of $10.86 billion, a P/E ratio of 14.03, a P/E/G ratio of 0.98 and a beta of 2.13. 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 50-day moving average of $20.63 and a two-hundred day moving average of $20.98. Norwegian Cruise Line has a 1-year low of $14.21 and a 1-year high of $29.29.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.51 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the prior year, the firm posted $0.40 earnings per share. The business's quarterly revenue was up 6.1% compared to the same quarter last year. As a group, analysts anticipate that Norwegian Cruise Line will post 1.48 EPS for the current year.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NCLH. Capital International Investors lifted its stake in Norwegian Cruise Line by 11.2% in the fourth quarter. Capital International Investors now owns 55,194,672 shares of the company's stock valued at $1,420,159,000 after buying an additional 5,557,951 shares during the last quarter. Ariel Investments LLC lifted its stake in Norwegian Cruise Line by 126.8% in the first quarter. Ariel Investments LLC now owns 9,081,170 shares of the company's stock valued at $172,179,000 after buying an additional 5,077,531 shares during the last quarter. Two Sigma Advisers LP lifted its stake in Norwegian Cruise Line by 99.0% in the fourth quarter. Two Sigma Advisers LP now owns 7,689,200 shares of the company's stock valued at $197,843,000 after buying an additional 3,824,600 shares during the last quarter. 59 North Capital Management LP purchased a new stake in Norwegian Cruise Line in the first quarter valued at approximately $69,877,000. Finally, Voloridge Investment Management LLC increased its holdings in shares of Norwegian Cruise Line by 3,403.3% in the fourth quarter. Voloridge Investment Management LLC now owns 3,374,576 shares of the company's stock valued at $86,828,000 after purchasing an additional 3,278,249 shares during the period. Hedge funds and other institutional investors 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.

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