Susquehanna Issues Positive Forecast for Norwegian Cruise Line (NYSE:NCLH) Stock Price

Key Points

• Susquehanna has raised its target price for Norwegian Cruise Line (NCLH) from $18.00 to $25.00, indicating a potential upside of 5.12% from the current stock price.
• The company reported $0.51 earnings per share last quarter, slightly missing the consensus estimate of $0.52, with a revenue of $2.52 billion.
• Norwegian Cruise Line has received a mix of ratings from analysts, with a consensus of "Moderate Buy" and an average price target of $26.40.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) had its target price raised by investment analysts at Susquehanna from $18.00 to $25.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Susquehanna's target price suggests a potential upside of 5.12% from the company's current price.

Several other research firms have also recently weighed in on NCLH. TD Cowen began coverage on shares of Norwegian Cruise Line in a report on Tuesday, July 22nd. They set a "buy" rating and a $31.00 price objective for the company. Jefferies Financial Group boosted their price objective 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. Macquarie reduced their target price on shares of Norwegian Cruise Line from $31.00 to $27.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Bank of America upped their target price on shares of Norwegian Cruise Line from $20.00 to $27.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Finally, Loop Capital reduced their target price on shares of Norwegian Cruise Line from $25.00 to $24.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $26.40.

Norwegian Cruise Line Trading Down 7.0%

NYSE:NCLH opened at $23.78 on Friday. Norwegian Cruise Line has a one year low of $14.21 and a one year high of $29.29. 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 company's 50-day simple moving average is $20.63 and its 200 day simple moving average is $20.98. The firm has a market capitalization of $10.63 billion, a P/E ratio of 13.77, a PEG ratio of 0.98 and a beta of 2.13.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.55 billion. Norwegian Cruise Line had a return on equity of 66.78% and a net margin of 9.05%. The firm's quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the firm posted $0.40 earnings per share. As a group, analysts forecast that Norwegian Cruise Line will post 1.48 EPS for the current fiscal 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. Blair William & Co. IL bought a new stake in Norwegian Cruise Line during the 4th quarter valued at about $243,000. Nomura Asset Management Co. Ltd. lifted its holdings in Norwegian Cruise Line by 12.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 6,995 shares of the company's stock valued at $180,000 after buying an additional 760 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in Norwegian Cruise Line by 97.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 30,617 shares of the company's stock valued at $788,000 after buying an additional 15,097 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Norwegian Cruise Line by 211.1% during the 4th quarter. Wellington Management Group LLP now owns 831,820 shares of the company's stock valued at $21,403,000 after buying an additional 564,423 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Norwegian Cruise Line by 4.7% during the 4th quarter. Alliancebernstein L.P. now owns 501,564 shares of the company's stock valued at $12,905,000 after buying an additional 22,734 shares in the last quarter. 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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