Mizuho Issues Positive Forecast for Norwegian Cruise Line (NYSE:NCLH) Stock Price

Norwegian Cruise Line (NYSE:NCLH) had its price target hoisted by investment analysts at Mizuho from $26.00 to $28.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s price objective suggests a potential upside of 13.36% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Bank of America boosted their target price on Norwegian Cruise Line from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Citigroup upgraded shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $20.00 to $30.00 in a research report on Wednesday, October 9th. Stifel Nicolaus lifted their target price on shares of Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, October 4th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Friday. Finally, Barclays raised their price objective on shares of Norwegian Cruise Line from $21.00 to $26.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, eight have issued 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, the stock currently has an average rating of “Hold” and a consensus price target of $25.80.

Norwegian Cruise Line Stock Performance

NCLH stock traded down $0.64 on Friday, hitting $24.70. The company’s stock had a trading volume of 8,584,852 shares, compared to its average volume of 12,920,471. Norwegian Cruise Line has a 1 year low of $12.70 and a 1 year high of $26.73. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 17.19. The stock has a market cap of $10.86 billion, a price-to-earnings ratio of 29.14, a price-to-earnings-growth ratio of 0.31 and a beta of 2.71. The firm has a 50 day moving average of $20.72 and a two-hundred day moving average of $18.54.

Norwegian Cruise Line (NYSE:NCLH) last announced its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share 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 net margin of 4.62% and a return on equity of 105.44%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.20 earnings per share. Equities analysts predict that Norwegian Cruise Line will post 1.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Transcendent Capital Group LLC purchased a new stake in shares of Norwegian Cruise Line during the first quarter worth about $27,000. Sentry Investment Management LLC purchased a new stake in shares of Norwegian Cruise Line in the second quarter valued at $39,000. Blue Trust Inc. increased its stake in Norwegian Cruise Line by 489.8% in the third quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock valued at $41,000 after purchasing an additional 1,817 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in Norwegian Cruise Line during the first quarter worth about $61,000. Finally, Moisand Fitzgerald Tamayo LLC acquired a new stake in Norwegian Cruise Line in the 3rd quarter worth about $78,000. 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.