Norwegian Cruise Line (NYSE:NCLH) Given New $28.00 Price Target at Barclays

Norwegian Cruise Line (NYSE:NCLH) had its price objective raised by Barclays from $26.00 to $28.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities research analysts have also commented on the stock. Bank of America boosted their price objective on shares of Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. The Goldman Sachs Group upped their target price on shares of Norwegian Cruise Line from $24.00 to $29.00 and gave the company a “neutral” rating in a report on Friday. JPMorgan Chase & Co. upped their target price on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, September 16th. StockNews.com downgraded shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Wells Fargo & Company upped their price objective on shares of Norwegian Cruise Line from $21.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Norwegian Cruise Line has a consensus rating of “Hold” and an average target price of $25.80.

Norwegian Cruise Line Stock Performance

NCLH traded down $0.46 during trading on Friday, hitting $24.88. The stock had a trading volume of 12,222,766 shares, compared to its average volume of 12,937,590. The company has a debt-to-equity ratio of 17.19, a quick ratio of 0.22 and a current ratio of 0.24. The firm has a market capitalization of $10.94 billion, a P/E ratio of 29.27, a PEG ratio of 0.31 and a beta of 2.71. The company’s 50-day moving average price is $20.86 and its 200 day moving average price is $18.60. Norwegian Cruise Line has a twelve month low of $12.70 and a twelve month high of $26.73.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Transcendent Capital Group LLC acquired a new stake in Norwegian Cruise Line in the 1st quarter valued at $27,000. Sentry Investment Management LLC bought a new stake in shares of Norwegian Cruise Line during the second quarter worth $39,000. Blue Trust Inc. increased its holdings 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 bought a new stake in Norwegian Cruise Line in the first quarter valued at about $61,000. Finally, Moisand Fitzgerald Tamayo LLC bought a new stake in Norwegian Cruise Line in the third quarter valued at about $78,000. 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.