Morgan Stanley Boosts Norwegian Cruise Line (NYSE:NCLH) Price Target to $17.50

Norwegian Cruise Line (NYSE:NCLH) had its target price hoisted by Morgan Stanley from $16.50 to $17.50 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “underweight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 14.98% from the company’s previous close.

A number of other equities analysts also recently weighed in on NCLH. StockNews.com raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Bank of America boosted their target price on shares of Norwegian Cruise Line from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Norwegian Cruise Line from $18.00 to $20.00 and gave the company a “hold” rating in a report on Tuesday, May 21st. JPMorgan Chase & Co. lifted their price target on shares of Norwegian Cruise Line from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Mizuho raised shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $21.00 to $24.00 in a research report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Norwegian Cruise Line currently has a consensus rating of “Hold” and a consensus target price of $22.38.

Norwegian Cruise Line Trading Down 1.8 %

NYSE NCLH traded down $0.28 on Wednesday, hitting $15.22. The company’s stock had a trading volume of 7,832,477 shares, compared to its average volume of 13,053,595. 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 1-year low of $12.70 and a 1-year high of $21.73. The company’s 50-day moving average is $18.01 and its 200 day moving average is $17.99. The firm has a market cap of $6.53 billion, a PE ratio of 22.19, a PEG ratio of 0.29 and a beta of 2.69.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same period in the prior year, the company posted $0.20 EPS. The company’s revenue was up 7.6% on a year-over-year basis. As a group, analysts predict that Norwegian Cruise Line will post 1.17 earnings per share for the current fiscal year.

Insider Activity at Norwegian Cruise Line

In other Norwegian Cruise Line news, Director Zillah Byng-Thorne bought 13,360 shares of Norwegian Cruise Line stock in a transaction that occurred on Friday, May 31st. The shares were bought at an average price of $16.50 per share, with a total value of $220,440.00. Following the acquisition, the director now owns 13,360 shares in the company, valued at $220,440. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.87% of the stock is owned by insiders.

Hedge Funds Weigh In On Norwegian Cruise Line

Several institutional investors and hedge funds have recently made changes to their positions in NCLH. Transcendent Capital Group LLC purchased a new stake in Norwegian Cruise Line during the 1st quarter valued at $27,000. YHB Investment Advisors Inc. purchased a new stake in Norwegian Cruise Line during the 1st quarter valued at $39,000. 1832 Asset Management L.P. purchased a new stake in Norwegian Cruise Line during the 4th quarter valued at $44,000. Fidelis Capital Partners LLC purchased a new stake in Norwegian Cruise Line during the 1st quarter valued at $61,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in Norwegian Cruise Line during the 1st quarter valued at $80,000. Institutional investors own 69.58% of the company’s stock.

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.