TD Cowen Begins Coverage on Norwegian Cruise Line (NYSE:NCLH)

Research analysts at TD Cowen started coverage on shares of Norwegian Cruise Line (NYSE:NCLH - Get Free Report) in a research report issued on Tuesday, MarketBeat reports. The firm set a "buy" rating and a $31.00 price target on the stock. TD Cowen's price objective suggests a potential upside of 27.54% from the stock's current price.

A number of other research analysts also recently commented on the company. Melius Research raised Norwegian Cruise Line to a "strong-buy" rating in a report on Monday, April 21st. Truist Financial reduced their target price 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. Stifel Nicolaus cut their price target on Norwegian Cruise Line from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Susquehanna cut their price target on Norwegian Cruise Line from $27.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Finally, Jefferies Financial Group raised 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. 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 company. According to MarketBeat.com, Norwegian Cruise Line presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.75.

Norwegian Cruise Line Trading Up 3.0%

NYSE:NCLH traded up $0.71 on Tuesday, hitting $24.31. 14,791,616 shares of the stock were exchanged, compared to its average volume of 13,085,252. The stock has a market cap of $10.86 billion, a PE ratio of 14.05, a PEG ratio of 0.97 and a beta of 2.13. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 9.09. The stock has a fifty day moving average of $19.70 and a 200-day moving average of $21.03. Norwegian Cruise Line has a fifty-two week low of $14.21 and a fifty-two week high of $29.29.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). Norwegian Cruise Line had a return on equity of 66.78% and a net margin of 9.05%. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the prior year, the company earned $0.16 earnings per share. The business's revenue was down 2.9% compared to the same quarter last year. As a group, equities analysts expect that Norwegian Cruise Line will post 1.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Norwegian Cruise Line

Several large investors have recently made changes to their positions in NCLH. KLP Kapitalforvaltning AS increased its stake in Norwegian Cruise Line by 12.1% during the second quarter. KLP Kapitalforvaltning AS now owns 97,000 shares of the company's stock valued at $1,967,000 after acquiring an additional 10,500 shares during the period. Valeo Financial Advisors LLC bought a new position in Norwegian Cruise Line during the second quarter valued at about $3,130,000. Wealthcare Advisory Partners LLC increased its stake in Norwegian Cruise Line by 4.2% during the second quarter. Wealthcare Advisory Partners LLC now owns 16,661 shares of the company's stock valued at $338,000 after acquiring an additional 669 shares during the period. Signature Wealth Management Partners LLC increased its stake in Norwegian Cruise Line by 38.2% during the second quarter. Signature Wealth Management Partners LLC now owns 14,100 shares of the company's stock valued at $286,000 after acquiring an additional 3,900 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Norwegian Cruise Line by 7.6% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,155 shares of the company's stock valued at $1,159,000 after acquiring an additional 4,045 shares during the period. Institutional investors and hedge funds 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.