Norwegian Cruise Line (NYSE:NCLH) Given New $29.00 Price Target at The Goldman Sachs Group

Norwegian Cruise Line (NYSE:NCLH) had its price objective lifted by investment analysts at The Goldman Sachs Group from $24.00 to $29.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target indicates a potential upside of 16.89% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. StockNews.com cut Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their price target on Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Stifel Nicolaus lifted their price target on Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Barclays lifted their price target on 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. Finally, Tigress Financial reiterated a “strong-buy” rating and issued a $32.00 price target on shares of Norwegian Cruise Line in a research report on Friday, August 9th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $24.93.

Norwegian Cruise Line Stock Performance

Shares of NCLH traded down $0.53 during mid-day trading on Friday, hitting $24.81. The stock had a trading volume of 7,645,130 shares, compared to its average volume of 12,916,038. The firm has a market cap of $10.91 billion, a P/E ratio of 29.19, a PEG ratio of 0.31 and a beta of 2.71. The business has a fifty day moving average price of $20.72 and a 200-day moving average price of $18.54. The company has a debt-to-equity ratio of 17.19, a current ratio of 0.24 and a quick ratio of 0.22. Norwegian Cruise Line has a 52 week low of $12.70 and a 52 week high of $26.73.

Norwegian Cruise Line (NYSE:NCLH) last issued its 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. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates 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 period in the previous year, the company posted $0.20 earnings per share. On average, equities research analysts expect that Norwegian Cruise Line will post 1.38 EPS for the current year.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. raised its position in Norwegian Cruise Line by 6.2% during the 3rd quarter. Principal Financial Group Inc. now owns 514,087 shares of the company’s stock valued at $10,544,000 after purchasing an additional 30,182 shares during the last quarter. QRG Capital Management Inc. raised its position in Norwegian Cruise Line by 85.5% during the 3rd quarter. QRG Capital Management Inc. now owns 31,830 shares of the company’s stock valued at $653,000 after purchasing an additional 14,669 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Norwegian Cruise Line by 27.2% during the 3rd quarter. Asset Management One Co. Ltd. now owns 8,572 shares of the company’s stock worth $176,000 after acquiring an additional 1,831 shares during the period. Emerald Advisers LLC grew its holdings in shares of Norwegian Cruise Line by 89.9% during the 3rd quarter. Emerald Advisers LLC now owns 18,058 shares of the company’s stock worth $370,000 after acquiring an additional 8,549 shares during the period. Finally, Van ECK Associates Corp grew its holdings in shares of Norwegian Cruise Line by 7.0% during the 3rd quarter. Van ECK Associates Corp now owns 252,845 shares of the company’s stock worth $5,186,000 after acquiring an additional 16,439 shares during the period. 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.