Deutsche Bank Aktiengesellschaft Raises Norwegian Cruise Line (NYSE:NCLH) Price Target to $24.00

Norwegian Cruise Line (NYSE:NCLH) had its price target upped by analysts at Deutsche Bank Aktiengesellschaft from $21.00 to $24.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential downside of 3.26% from the stock’s current price.

Several other brokerages also recently weighed in on NCLH. Susquehanna upped their target price on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Macquarie upped their price objective on shares of Norwegian Cruise Line from $24.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday. Barclays raised their target price on shares of Norwegian Cruise Line from $21.00 to $26.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. StockNews.com cut shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Stifel Nicolaus raised their price target on shares of Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, October 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Norwegian Cruise Line currently has a consensus rating of “Hold” and an average price target of $24.93.

Norwegian Cruise Line Price Performance

NYSE NCLH traded down $0.53 on Friday, reaching $24.81. The company had a trading volume of 7,645,130 shares, compared to its average volume of 12,916,038. The firm’s 50 day moving average price is $20.72 and its 200 day moving average price is $18.54. Norwegian Cruise Line has a 12 month low of $12.70 and a 12 month high of $26.73. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 17.19. The stock has a market capitalization of $10.91 billion, a PE ratio of 29.19, a price-to-earnings-growth ratio of 0.31 and a beta of 2.71.

Norwegian Cruise Line (NYSE:NCLH) last announced its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same period last year, the firm earned $0.20 earnings per share. Norwegian Cruise Line’s revenue was up 7.6% compared to the same quarter last year. As a group, equities analysts predict that Norwegian Cruise Line will post 1.38 earnings per share for the current year.

Institutional Trading of Norwegian Cruise Line

Several institutional investors and hedge funds have recently modified their holdings of NCLH. Principal Financial Group Inc. raised its position in Norwegian Cruise Line by 6.2% in the third quarter. Principal Financial Group Inc. now owns 514,087 shares of the company’s stock valued at $10,544,000 after purchasing an additional 30,182 shares during the last quarter. QRG Capital Management Inc. grew its stake in Norwegian Cruise Line by 85.5% during the third quarter. QRG Capital Management Inc. now owns 31,830 shares of the company’s stock worth $653,000 after purchasing an additional 14,669 shares during the period. Asset Management One Co. Ltd. grew its stake in Norwegian Cruise Line by 27.2% during the third quarter. Asset Management One Co. Ltd. now owns 8,572 shares of the company’s stock worth $176,000 after purchasing an additional 1,831 shares during the period. Emerald Advisers LLC boosted its holdings in Norwegian Cruise Line by 89.9% in the third quarter. Emerald Advisers LLC now owns 18,058 shares of the company’s stock worth $370,000 after acquiring an additional 8,549 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in Norwegian Cruise Line by 7.0% in the third quarter. Van ECK Associates Corp now owns 252,845 shares of the company’s stock worth $5,186,000 after acquiring an additional 16,439 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors.

About Norwegian Cruise Line

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.