Norwegian Cruise Line (NYSE:NCLH) Price Target Increased to $22.00 by Analysts at JPMorgan Chase & Co.

Norwegian Cruise Line (NYSE:NCLH) had its target price hoisted by JPMorgan Chase & Co. from $20.00 to $22.00 in a report issued on Wednesday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

NCLH has been the topic of a number of other research reports. Stifel Nicolaus lifted their price objective on shares of Norwegian Cruise Line from $25.00 to $26.00 and gave the company a buy rating in a research note on Tuesday, May 21st. Mizuho raised shares of Norwegian Cruise Line from a neutral rating to a buy rating and raised their price target for the stock from $21.00 to $24.00 in a research report on Tuesday, May 28th. Susquehanna decreased their price target on shares of Norwegian Cruise Line from $21.00 to $18.00 and set a neutral rating for the company in a research report on Thursday, May 2nd. UBS Group raised their price target on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a neutral rating in a research report on Tuesday, May 21st. Finally, Truist Financial raised shares of 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. One analyst has rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $21.88.

Norwegian Cruise Line Trading Up 0.6 %

NCLH opened at $18.47 on Wednesday. The firm has a market capitalization of $7.92 billion, a P/E ratio of 26.39, a P/E/G ratio of 0.30 and a beta of 2.69. The firm’s 50 day moving average is $17.90 and its 200-day moving average is $17.99. Norwegian Cruise Line has a 52-week low of $12.70 and a 52-week high of $22.23. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 33.16.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.24 billion. Norwegian Cruise Line had a net margin of 3.84% and a return on equity of 136.20%. Analysts expect that Norwegian Cruise Line will post 1.17 EPS for the current fiscal year.

Insider Activity

In other news, Director Zillah Byng-Thorne purchased 13,360 shares of Norwegian Cruise Line stock in a transaction dated Friday, May 31st. The stock was bought at an average price of $16.50 per share, with a total value of $220,440.00. Following the completion of the acquisition, the director now owns 13,360 shares in the company, valued at approximately $220,440. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of hedge funds and other institutional investors have recently modified their holdings of NCLH. Capital Research Global Investors raised its stake in shares of Norwegian Cruise Line by 87.8% during the fourth quarter. Capital Research Global Investors now owns 57,049,928 shares of the company’s stock valued at $1,143,285,000 after purchasing an additional 26,676,150 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Norwegian Cruise Line by 120.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock worth $470,889,000 after acquiring an additional 12,313,426 shares in the last quarter. Norges Bank bought a new stake in Norwegian Cruise Line in the fourth quarter worth about $83,243,000. Dimensional Fund Advisors LP raised its position in Norwegian Cruise Line by 58.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,105,324 shares of the company’s stock worth $62,240,000 after acquiring an additional 1,141,086 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its position in Norwegian Cruise Line by 357.4% in the fourth quarter. Panagora Asset Management Inc. now owns 1,067,151 shares of the company’s stock worth $21,386,000 after acquiring an additional 833,850 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors.

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.