Barclays Raises Norwegian Cruise Line (NYSE:NCLH) Price Target to $26.00

Norwegian Cruise Line (NYSE:NCLH) had its price objective hoisted by Barclays from $21.00 to $26.00 in a research note released on Tuesday morning, Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other research firms have also issued reports on NCLH. Bank of America upped their price target on Norwegian Cruise Line from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Citigroup raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and raised their target price for the stock from $20.00 to $30.00 in a research note on Wednesday, October 9th. Truist Financial boosted their price target on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Morgan Stanley raised their price objective on shares of Norwegian Cruise Line from $16.50 to $17.50 and gave the stock an “underweight” rating in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Norwegian Cruise Line currently has a consensus rating of “Hold” and an average price target of $23.63.

Norwegian Cruise Line Trading Down 0.8 %

Shares of Norwegian Cruise Line stock opened at $23.22 on Tuesday. The company has a debt-to-equity ratio of 17.19, a current ratio of 0.24 and a quick ratio of 0.22. The firm has a fifty day moving average price of $19.93 and a 200 day moving average price of $18.36. Norwegian Cruise Line has a 1 year low of $12.70 and a 1 year high of $24.80. The stock has a market cap of $10.21 billion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 0.34 and a beta of 2.71.

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

Institutional Investors Weigh In On Norwegian Cruise Line

Hedge funds and other institutional investors have recently bought and sold shares of the business. nVerses Capital LLC acquired a new stake in Norwegian Cruise Line in the third quarter valued at $615,000. Bleakley Financial Group LLC lifted its holdings in Norwegian Cruise Line by 9.3% in the first quarter. Bleakley Financial Group LLC now owns 15,095 shares of the company’s stock valued at $316,000 after acquiring an additional 1,281 shares during the period. Van ECK Associates Corp lifted its holdings in Norwegian Cruise Line by 875.2% in the first quarter. Van ECK Associates Corp now owns 122,448 shares of the company’s stock valued at $2,563,000 after acquiring an additional 109,892 shares during the period. Wellington Management Group LLP lifted its holdings in Norwegian Cruise Line by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 201,150 shares of the company’s stock valued at $4,031,000 after acquiring an additional 10,174 shares during the period. Finally, Mackenzie Financial Corp lifted its holdings in Norwegian Cruise Line by 26.7% in the second quarter. Mackenzie Financial Corp now owns 1,008,327 shares of the company’s stock valued at $18,946,000 after acquiring an additional 212,787 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.