Truist Financial Increases Norwegian Cruise Line (NYSE:NCLH) Price Target to $25.00

Norwegian Cruise Line (NYSE:NCLH) had its price target increased by investment analysts at Truist Financial from $21.00 to $25.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 19.27% from the stock’s current price.

A number of other research analysts also recently commented on the stock. Barclays increased their price objective on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Susquehanna increased their price target on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Morgan Stanley boosted their price objective on Norwegian Cruise Line from $16.50 to $17.50 and gave the company an “underweight” rating in a report on Wednesday, August 7th. Stifel Nicolaus upped their price objective on Norwegian Cruise Line from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Tigress Financial reiterated a “strong-buy” rating and issued a $32.00 target price on shares of Norwegian Cruise Line in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Norwegian Cruise Line has an average rating of “Hold” and an average price target of $22.43.

Norwegian Cruise Line Price Performance

NCLH opened at $20.96 on Thursday. Norwegian Cruise Line has a twelve month low of $12.70 and a twelve month high of $21.73. The firm has a market cap of $9.22 billion, a price-to-earnings ratio of 29.94, a PEG ratio of 0.30 and a beta of 2.70. 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 company has a fifty day simple moving average of $17.92 and a 200 day simple moving average of $18.05.

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, beating the consensus estimate of $0.35 by $0.05. Norwegian Cruise Line had a return on equity of 105.44% and a net margin of 4.62%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same period last year, the firm earned $0.20 earnings per share. The company’s revenue was up 7.6% on a year-over-year basis. Equities research analysts expect that Norwegian Cruise Line will post 1.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Capital Research Global Investors raised its holdings in shares of Norwegian Cruise Line by 87.8% during the fourth quarter. Capital Research Global Investors now owns 57,049,928 shares of the company’s stock valued at $1,143,285,000 after buying an additional 26,676,150 shares during the last quarter. Vanguard Group Inc. raised its stake in Norwegian Cruise Line by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 49,539,911 shares of the company’s stock valued at $1,036,870,000 after acquiring an additional 324,287 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Norwegian Cruise Line by 120.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock worth $470,889,000 after acquiring an additional 12,313,426 shares during the period. Capital International Investors grew its stake in shares of Norwegian Cruise Line by 0.5% in the first quarter. Capital International Investors now owns 20,216,746 shares of the company’s stock worth $423,136,000 after purchasing an additional 102,948 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Norwegian Cruise Line by 32.9% during the second quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock valued at $85,835,000 after purchasing an additional 1,129,770 shares during the period. 69.58% of the stock is owned by institutional investors and hedge funds.

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.