Stifel Nicolaus Increases Norwegian Cruise Line (NYSE:NCLH) Price Target to $26.00

Norwegian Cruise Line (NYSE:NCLH) had its price target lifted by analysts at Stifel Nicolaus from $25.00 to $26.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 59.80% from the stock’s current price.

A number of other research firms have also commented on NCLH. The Goldman Sachs Group began coverage on Norwegian Cruise Line in a research note on Wednesday, March 13th. They set a “neutral” rating and a $19.00 price objective on the stock. Barclays decreased their price objective on Norwegian Cruise Line from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. Truist Financial increased their price objective on Norwegian Cruise Line from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Friday, March 1st. Mizuho began coverage on Norwegian Cruise Line in a research note on Tuesday, March 26th. They set a “neutral” rating and a $21.00 price objective on the stock. Finally, Wells Fargo & Company decreased their price objective on Norwegian Cruise Line from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Norwegian Cruise Line presently has a consensus rating of “Hold” and a consensus target price of $21.00.

Norwegian Cruise Line Stock Down 3.9 %

Norwegian Cruise Line stock opened at $16.27 on Tuesday. The company has a debt-to-equity ratio of 33.16, a quick ratio of 0.22 and a current ratio of 0.24. The firm has a market capitalization of $6.98 billion, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of 0.30 and a beta of 2.59. Norwegian Cruise Line has a fifty-two week low of $12.70 and a fifty-two week high of $22.75. The stock’s fifty day moving average is $18.29 and its two-hundred day moving average is $17.70.

Norwegian Cruise Line (NYSE:NCLH) last posted its earnings results on Wednesday, May 1st. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.05. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.24 billion. Norwegian Cruise Line had a return on equity of 136.20% and a net margin of 3.84%. Analysts predict that Norwegian Cruise Line will post 1.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Norwegian Cruise Line

Large investors have recently modified their holdings of the company. Transcendent Capital Group LLC purchased a new position in shares of Norwegian Cruise Line in the 1st quarter worth about $27,000. YHB Investment Advisors Inc. purchased a new stake in shares of Norwegian Cruise Line during the 1st quarter valued at about $39,000. 1832 Asset Management L.P. purchased a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at about $44,000. Fidelis Capital Partners LLC purchased a new stake in shares of Norwegian Cruise Line during the 1st quarter valued at about $61,000. Finally, Mendota Financial Group LLC purchased a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at about $66,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

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.