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

Norwegian Cruise Line (NYSE:NCLH) had its target price upped by Susquehanna from $18.00 to $25.00 in a report issued on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts also recently issued research reports about the stock. Melius Research raised shares of Norwegian Cruise Line to a “strong-buy” rating in a research note on Monday, April 21st. The Goldman Sachs Group reduced their price objective on shares of Norwegian Cruise Line from $31.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Macquarie reduced their price objective on shares of Norwegian Cruise Line from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday, May 9th. UBS Group reduced their price objective on shares of Norwegian Cruise Line from $29.00 to $23.00 and set a “neutral” rating for the company in a research note on Monday, June 30th. Finally, Wall Street Zen raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.90.

Norwegian Cruise Line Stock Performance

Norwegian Cruise Line stock opened at $24.48 on Friday. The company has a 50 day moving average price of $20.77 and a 200-day moving average price of $20.90. The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.16 and a current ratio of 0.18. Norwegian Cruise Line has a fifty-two week low of $14.21 and a fifty-two week high of $29.29. The company has a market capitalization of $10.94 billion, a PE ratio of 16.88, a P/E/G ratio of 1.02 and a beta of 2.24.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). The company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.55 billion. Norwegian Cruise Line had a net margin of 7.52% and a return on equity of 59.88%. The business’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 EPS. As a group, equities analysts forecast that Norwegian Cruise Line will post 1.48 earnings per share for the current year.

Institutional Trading of Norwegian Cruise Line

Several large investors have recently added to or reduced their stakes in NCLH. Capital International Investors grew its stake in Norwegian Cruise Line by 11.2% during the 4th quarter. Capital International Investors now owns 55,194,672 shares of the company’s stock valued at $1,420,159,000 after purchasing an additional 5,557,951 shares during the last quarter. Ariel Investments LLC grew its stake in Norwegian Cruise Line by 126.8% during the 1st quarter. Ariel Investments LLC now owns 9,081,170 shares of the company’s stock valued at $172,179,000 after purchasing an additional 5,077,531 shares during the last quarter. Two Sigma Advisers LP grew its stake in Norwegian Cruise Line by 99.0% during the 4th quarter. Two Sigma Advisers LP now owns 7,689,200 shares of the company’s stock valued at $197,843,000 after purchasing an additional 3,824,600 shares during the last quarter. 59 North Capital Management LP purchased a new stake in Norwegian Cruise Line during the 1st quarter valued at about $69,877,000. Finally, Voloridge Investment Management LLC grew its stake in Norwegian Cruise Line by 3,403.3% during the 4th quarter. Voloridge Investment Management LLC now owns 3,374,576 shares of the company’s stock valued at $86,828,000 after purchasing an additional 3,278,249 shares during the last quarter. Hedge funds and other institutional investors 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.