Macquarie Boosts Norwegian Cruise Line (NYSE:NCLH) Price Target to $30.00

Norwegian Cruise Line (NYSE:NCLH) had its target price upped by Macquarie from $24.00 to $30.00 in a report issued on Friday morning, Benzinga reports. Macquarie currently has an outperform rating on the stock.

A number of other brokerages have also weighed in on NCLH. Tigress Financial reiterated a “strong-buy” rating and set a $32.00 target price on shares of Norwegian Cruise Line in a research note on Friday, August 9th. Bank of America upped their price objective on Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Susquehanna upped their price objective on Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Truist Financial upped their price objective on Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Finally, Barclays upped their price objective on Norwegian Cruise Line from $21.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $25.80.

Norwegian Cruise Line Stock Performance

Shares of NCLH stock opened at $25.15 on Friday. The stock has a 50 day moving average price of $21.02 and a two-hundred day moving average price of $18.66. Norwegian Cruise Line has a fifty-two week low of $12.70 and a fifty-two week high of $26.73. The company has a market capitalization of $11.06 billion, a P/E ratio of 23.07, a PEG ratio of 0.27 and a beta of 2.67. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20.

Norwegian Cruise Line (NYSE:NCLH) last posted its earnings results on Thursday, October 31st. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.94 by $0.05. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same period last year, the company posted $0.71 EPS. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. Analysts expect that Norwegian Cruise Line will post 1.65 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NCLH. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Norwegian Cruise Line during the first quarter worth about $217,000. Norden Group LLC purchased a new stake in shares of Norwegian Cruise Line during the 1st quarter worth about $352,000. Allspring Global Investments Holdings LLC increased its position in Norwegian Cruise Line by 2.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 21,605 shares of the company’s stock worth $452,000 after purchasing an additional 537 shares in the last quarter. Van ECK Associates Corp raised 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 buying an additional 109,892 shares during the period. Finally, Private Advisor Group LLC lifted its position in Norwegian Cruise Line by 30.0% during the first quarter. Private Advisor Group LLC now owns 33,192 shares of the company’s stock valued at $695,000 after buying an additional 7,652 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

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.