Norwegian Cruise Line (NYSE:NCLH) PT Raised to $26.00

Norwegian Cruise Line (NYSE:NCLH) had its price objective upped by Barclays from $21.00 to $26.00 in a report issued on Tuesday morning, Benzinga reports. They currently have an equal weight rating on the stock.

A number of other research firms have also recently commented on NCLH. Bank of America lifted their price objective on Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Tigress Financial reiterated a “strong-buy” rating and set a $32.00 price objective on shares of Norwegian Cruise Line in a research report on Friday, August 9th. JPMorgan Chase & Co. lifted their price objective on Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Truist Financial lifted their price objective on Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Finally, Morgan Stanley lifted their price objective on Norwegian Cruise Line from $16.50 to $17.50 and gave the stock an “underweight” rating in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $23.63.

Norwegian Cruise Line Trading Down 0.8 %

NYSE:NCLH opened at $23.22 on Tuesday. The company has a market capitalization of $10.21 billion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 0.34 and a beta of 2.71. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 17.19. Norwegian Cruise Line has a 52-week low of $12.70 and a 52-week high of $24.80. The stock has a fifty day simple moving average of $19.93 and a 200-day simple moving average of $18.36.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.05. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. Norwegian Cruise Line had a return on equity of 105.44% and a net margin of 4.62%. The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.20 EPS. On average, equities research analysts expect that Norwegian Cruise Line will post 1.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Norwegian Cruise Line

Several institutional investors and hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC boosted its holdings in Norwegian Cruise Line by 7.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 95,389 shares of the company’s stock worth $1,956,000 after acquiring an additional 6,753 shares during the period. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Norwegian Cruise Line during the third quarter worth $300,000. State of Alaska Department of Revenue boosted its stake in shares of Norwegian Cruise Line by 10.7% in the third quarter. State of Alaska Department of Revenue now owns 51,094 shares of the company’s stock valued at $1,047,000 after purchasing an additional 4,935 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Norwegian Cruise Line by 71.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,275 shares of the company’s stock worth $676,000 after buying an additional 13,453 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in Norwegian Cruise Line by 2.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the company’s stock worth $509,000 after buying an additional 500 shares during the period. 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.