Norwegian Cruise Line (NYSE:NCLH) Price Target Raised to $25.00

Norwegian Cruise Line (NYSE:NCLH) had its price objective boosted by JPMorgan Chase & Co. from $23.00 to $25.00 in a report issued on Monday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Susquehanna lifted 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 report on Friday, August 2nd. Truist Financial upgraded Norwegian Cruise Line from a hold rating to a buy rating and raised their price target for the stock from $20.00 to $21.00 in a research report on Wednesday, May 29th. Bank of America increased their price objective on Norwegian Cruise Line from $20.00 to $23.00 and gave the company a neutral rating in a research note on Tuesday, July 23rd. Mizuho raised shares of Norwegian Cruise Line from a neutral rating to a buy rating and lifted their target price for the stock from $21.00 to $24.00 in a research note on Tuesday, May 28th. Finally, The Goldman Sachs Group increased their price target on shares of Norwegian Cruise Line from $19.00 to $21.00 and gave the company a neutral rating in a research report on Tuesday, May 28th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $22.17.

Norwegian Cruise Line Price Performance

Shares of Norwegian Cruise Line stock opened at $19.84 on Monday. The firm has a market capitalization of $8.51 billion, a PE ratio of 28.34, a price-to-earnings-growth ratio of 0.27 and a beta of 2.70. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 17.19. Norwegian Cruise Line has a 12 month low of $12.70 and a 12 month high of $21.73. The business’s 50-day moving average price is $17.77 and its 200-day moving average price is $17.99.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The business had revenue of $2.37 billion for 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 business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the business earned $0.20 earnings per share. Sell-side analysts forecast that Norwegian Cruise Line will post 1.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Norwegian Cruise Line

Institutional investors have recently bought and sold shares of the stock. Capital Research Global Investors grew its holdings in shares of Norwegian Cruise Line by 87.8% during the 4th quarter. Capital Research Global Investors now owns 57,049,928 shares of the company’s stock worth $1,143,285,000 after acquiring an additional 26,676,150 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Norwegian Cruise Line by 120.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock valued at $470,889,000 after purchasing an additional 12,313,426 shares in the last quarter. Norges Bank purchased a new stake in Norwegian Cruise Line in the fourth quarter worth $83,243,000. Columbus Hill Capital Management L.P. bought a new position in Norwegian Cruise Line in the second quarter worth $23,479,000. Finally, Dimensional Fund Advisors LP lifted its position in Norwegian Cruise Line by 58.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,105,324 shares of the company’s stock valued at $62,240,000 after buying an additional 1,141,086 shares during the period. 69.58% of the stock is 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.