The Goldman Sachs Group Issues Positive Forecast for Norwegian Cruise Line (NYSE:NCLH) Stock Price

Norwegian Cruise Line (NYSE:NCLH) had its price target lifted by The Goldman Sachs Group from $24.00 to $29.00 in a research report released on Friday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other research analysts have also issued reports on the stock. Tigress Financial reissued a “strong-buy” rating and set a $32.00 target price on shares of Norwegian Cruise Line in a research note on Friday, August 9th. Susquehanna raised their price objective on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Truist Financial increased their target price on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Bank of America raised their price objective on shares of Norwegian Cruise Line from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Finally, Barclays lifted their target price on shares of 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $25.80.

Norwegian Cruise Line Stock Performance

Shares of Norwegian Cruise Line stock traded down $0.46 during trading on Friday, hitting $24.88. 12,222,766 shares of the stock were exchanged, compared to its average volume of 12,937,590. The stock has a market capitalization of $10.94 billion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth ratio of 0.31 and a beta of 2.71. The company has a fifty day moving average price of $20.86 and a 200-day moving average price of $18.60. Norwegian Cruise Line has a 1-year low of $12.70 and a 1-year high of $26.73. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 17.19.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.20 EPS. As a group, equities analysts predict that Norwegian Cruise Line will post 1.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Norwegian Cruise Line

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Norwegian Cruise Line by 0.7% during the first quarter. Vanguard Group Inc. now owns 49,539,911 shares of the company’s stock valued at $1,036,870,000 after purchasing 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 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 purchasing an additional 12,313,426 shares in the last quarter. Capital International Investors boosted its position in Norwegian Cruise Line by 0.5% during the first quarter. Capital International Investors now owns 20,216,746 shares of the company’s stock valued at $423,136,000 after purchasing an additional 102,948 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in 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 in the last quarter. Finally, Victory Capital Management Inc. boosted its position in Norwegian Cruise Line by 18.6% during the second 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 in 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.