Norwegian Cruise Line (NYSE:NCLH) Price Target Raised to $28.00

Norwegian Cruise Line (NYSE:NCLH) had its price objective raised by Mizuho from $26.00 to $28.00 in a research report report published on Friday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages have also issued reports on NCLH. Macquarie upped their price objective on shares of Norwegian Cruise Line from $24.00 to $30.00 and gave the company an “outperform” rating in a report on Friday. Truist Financial raised their price target on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Susquehanna upped their price objective on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. The Goldman Sachs Group raised their target price on Norwegian Cruise Line from $24.00 to $29.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Wells Fargo & Company upped their price target on Norwegian Cruise Line from $21.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $25.80.

Norwegian Cruise Line Stock Performance

NCLH opened at $25.15 on Friday. Norwegian Cruise Line has a twelve month low of $12.70 and a twelve month high of $26.73. The firm has a market capitalization of $11.06 billion, a PE ratio of 23.07, a PEG ratio of 0.33 and a beta of 2.67. The company has a current ratio of 0.20, a quick ratio of 0.22 and a debt-to-equity ratio of 10.35. The firm’s 50-day moving average price is $21.02 and its 200 day moving average price is $18.66.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.94 by $0.05. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 earnings per share. As a group, sell-side analysts expect that Norwegian Cruise Line will post 1.38 EPS for the current fiscal year.

Institutional Trading of Norwegian Cruise Line

A number of large investors have recently modified their holdings of NCLH. Vanguard Group Inc. increased its holdings 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 worth $1,036,870,000 after purchasing an additional 324,287 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Norwegian Cruise Line by 120.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock valued at $470,889,000 after acquiring an additional 12,313,426 shares in the last quarter. Capital International Investors lifted its stake in 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 acquiring an additional 102,948 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Norwegian Cruise Line by 32.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock worth $85,835,000 after acquiring an additional 1,129,770 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Norwegian Cruise Line by 18.6% in the 2nd quarter. Victory Capital Management Inc. now owns 1,787,660 shares of the company’s stock valued at $33,590,000 after purchasing an additional 280,654 shares during the last quarter. 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.