Stock analysts at TD Cowen initiated coverage on shares of Norwegian Cruise Line (NYSE:NCLH - Get Free Report) in a report issued on Tuesday, MarketBeat Ratings reports. The firm set a "buy" rating and a $31.00 price target on the stock. TD Cowen's target price suggests a potential upside of 31.06% from the company's current price.
A number of other analysts have also recently commented on NCLH. Citigroup upped their price target on Norwegian Cruise Line from $25.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. The Goldman Sachs Group dropped their price target on Norwegian Cruise Line from $31.00 to $20.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Melius Research raised Norwegian Cruise Line to a "strong-buy" rating in a research note on Monday, April 21st. Jefferies Financial Group upped their price target on Norwegian Cruise Line from $24.00 to $29.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Finally, Wall Street Zen upgraded Norwegian Cruise Line from a "sell" rating to a "hold" rating in a research note on Friday. Nine investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Norwegian Cruise Line presently has a consensus rating of "Moderate Buy" and an average target price of $25.70.
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Norwegian Cruise Line Price Performance
Shares of NYSE NCLH traded up $0.46 during midday trading on Tuesday, hitting $23.65. The company had a trading volume of 17,008,962 shares, compared to its average volume of 13,078,429. 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 has a twelve month low of $14.21 and a twelve month high of $29.29. The business has a 50-day simple moving average of $19.70 and a two-hundred day simple moving average of $21.03. The firm has a market capitalization of $10.57 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 0.97 and a beta of 2.13.
Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last released 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). The business had revenue of $2.13 billion for the quarter, compared to analysts' expectations of $2.15 billion. Norwegian Cruise Line had a return on equity of 66.78% and a net margin of 9.05%. Norwegian Cruise Line's quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.16 earnings per share. Equities research analysts anticipate that Norwegian Cruise Line will post 1.48 earnings per share for the current year.
Institutional Trading of Norwegian Cruise Line
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Granahan Investment Management LLC bought a new stake in shares of Norwegian Cruise Line during the fourth quarter valued at about $7,634,000. Vanguard Group Inc. boosted its stake in shares of Norwegian Cruise Line by 0.5% during the fourth 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 during the period. Janney Montgomery Scott LLC purchased a new stake in Norwegian Cruise Line in the first quarter worth $1,645,000. New Wave Wealth Advisors LLC lifted its stake in Norwegian Cruise Line by 5,467.9% in the first quarter. New Wave Wealth Advisors LLC now owns 18,374 shares of the company's stock worth $348,000 after acquiring an additional 18,044 shares during the period. Finally, Deutsche Bank AG lifted its stake in Norwegian Cruise Line by 41.4% in the fourth quarter. Deutsche Bank AG now owns 1,881,398 shares of the company's stock worth $48,408,000 after acquiring an additional 551,251 shares during the period. Institutional investors own 69.58% of the company's stock.
About Norwegian Cruise Line
(
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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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