Norwegian Cruise Line (NYSE:NCLH) Price Target Raised to $19.00 at Morgan Stanley

Norwegian Cruise Line (NYSE:NCLH) had its price objective boosted by Morgan Stanley from $17.50 to $19.00 in a report released on Wednesday morning, Benzinga reports. The brokerage currently has an underweight rating on the stock.

A number of other brokerages also recently issued reports on NCLH. Susquehanna lifted their price target on Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Stifel Nicolaus upped their price target on Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, October 4th. Bank of America raised their price objective on shares of Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Truist Financial upped their target price on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Finally, StockNews.com upgraded shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Sunday, October 20th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Norwegian Cruise Line presently has an average rating of “Hold” and a consensus price target of $23.73.

Norwegian Cruise Line Trading Down 1.1 %

NCLH opened at $23.85 on Wednesday. The business has a fifty day moving average price of $20.54 and a 200 day moving average price of $18.50. The company has a debt-to-equity ratio of 17.19, a current ratio of 0.24 and a quick ratio of 0.22. Norwegian Cruise Line has a 12 month low of $12.70 and a 12 month high of $24.80. The stock has a market capitalization of $10.49 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 0.33 and a beta of 2.71.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.20 earnings per share. Sell-side analysts expect that Norwegian Cruise Line will post 1.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Norwegian Cruise Line

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Norwegian Cruise Line in the 1st quarter valued at approximately $217,000. Norden Group LLC purchased a new position in Norwegian Cruise Line in the 1st quarter valued at $352,000. Allspring Global Investments Holdings LLC increased its stake in Norwegian Cruise Line by 2.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 21,605 shares of the company’s stock valued at $452,000 after buying an additional 537 shares during the period. Van ECK Associates Corp raised its position in Norwegian Cruise Line by 875.2% during the 1st quarter. Van ECK Associates Corp now owns 122,448 shares of the company’s stock worth $2,563,000 after buying an additional 109,892 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in shares of Norwegian Cruise Line by 30.0% in the 1st quarter. Private Advisor Group LLC now owns 33,192 shares of the company’s stock worth $695,000 after acquiring an additional 7,652 shares during the period. Hedge funds and other institutional investors 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.