Norwegian Cruise Line (NYSE:NCLH) Price Target Raised to $21.00

Norwegian Cruise Line (NYSE:NCLH) had its target price boosted by stock analysts at Barclays from $20.00 to $21.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential upside of 19.32% from the company’s current price.

A number of other brokerages have also weighed in on NCLH. Truist Financial upgraded shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating and lifted their price target for the company from $20.00 to $21.00 in a report on Wednesday, May 29th. The Goldman Sachs Group upped their price target on Norwegian Cruise Line from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 28th. Wells Fargo & Company lifted their price objective on Norwegian Cruise Line from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 21st. Deutsche Bank Aktiengesellschaft increased their target price on shares of Norwegian Cruise Line from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, May 21st. Finally, Stifel Nicolaus lifted their price target on shares of Norwegian Cruise Line from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.00.

Norwegian Cruise Line Price Performance

NCLH stock traded down $0.83 on Thursday, reaching $17.60. The company had a trading volume of 11,070,539 shares, compared to its average volume of 12,858,488. The company’s fifty day moving average is $18.01 and its 200 day moving average is $18.02. The company has a market cap of $7.55 billion, a P/E ratio of 25.14, a PEG ratio of 0.31 and a beta of 2.69. The company has a debt-to-equity ratio of 33.16, a quick ratio of 0.22 and a current ratio of 0.24. Norwegian Cruise Line has a 1 year low of $12.70 and a 1 year high of $21.73.

Norwegian Cruise Line (NYSE:NCLH) last announced its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.06. Norwegian Cruise Line had a net margin of 3.84% and a return on equity of 136.20%. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same quarter last year, the business earned $0.20 earnings per share. Norwegian Cruise Line’s revenue was up 7.6% compared to the same quarter last year. On average, research analysts forecast that Norwegian Cruise Line will post 1.17 earnings per share for the current year.

Insider Activity

In related news, Director Zillah Byng-Thorne acquired 13,360 shares of Norwegian Cruise Line stock in a transaction on Friday, May 31st. The shares were purchased at an average cost of $16.50 per share, for a total transaction of $220,440.00. Following the purchase, the director now directly owns 13,360 shares of the company’s stock, valued at approximately $220,440. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.87% of the company’s stock.

Institutional Trading of Norwegian Cruise Line

Several institutional investors and hedge funds have recently bought and sold shares of the company. Transcendent Capital Group LLC bought a new position in shares of Norwegian Cruise Line in the 1st quarter worth about $27,000. YHB Investment Advisors Inc. acquired a new stake in shares of Norwegian Cruise Line during the 1st quarter worth approximately $39,000. 1832 Asset Management L.P. acquired a new position in Norwegian Cruise Line during the 4th quarter valued at approximately $44,000. Fidelis Capital Partners LLC acquired a new position in shares of Norwegian Cruise Line during the first quarter valued at $61,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in shares of Norwegian Cruise Line in the 1st quarter worth about $80,000. Institutional investors and hedge funds 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.