Susquehanna Boosts Norwegian Cruise Line (NYSE:NCLH) Price Target to $20.00

Norwegian Cruise Line (NYSE:NCLHFree Report) had its target price hoisted by Susquehanna from $14.00 to $20.00 in a research note issued to investors on Wednesday morning, Benzinga reports. Susquehanna currently has a neutral rating on the stock.

Several other equities research analysts have also commented on NCLH. Barclays reduced their price target on shares of Norwegian Cruise Line from $20.00 to $14.00 and set an equal weight rating for the company in a report on Thursday, November 2nd. Morgan Stanley reduced their price target on shares of Norwegian Cruise Line from $14.50 to $13.50 and set an underweight rating for the company in a report on Thursday, November 2nd. StockNews.com lowered shares of Norwegian Cruise Line from a hold rating to a sell rating in a report on Wednesday, November 15th. Wells Fargo & Company restated an equal weight rating and issued a $18.00 price target on shares of Norwegian Cruise Line in a report on Friday, January 5th. Finally, Tigress Financial restated a strong-buy rating and issued a $32.00 price target on shares of Norwegian Cruise Line in a report on Friday, December 15th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $19.39.

Read Our Latest Analysis on Norwegian Cruise Line

Norwegian Cruise Line Price Performance

Norwegian Cruise Line stock opened at $17.74 on Wednesday. The firm has a 50-day moving average price of $18.17 and a 200-day moving average price of $16.93. The firm has a market capitalization of $7.55 billion, a PE ratio of -29.08 and a beta of 2.60. The company has a current ratio of 0.30, a quick ratio of 0.27 and a debt-to-equity ratio of 28.80. Norwegian Cruise Line has a 12-month low of $12.15 and a 12-month high of $22.75.

Norwegian Cruise Line (NYSE:NCLHGet Free Report) last released its earnings results on Wednesday, November 1st. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.15. The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.53 billion. Norwegian Cruise Line had a negative net margin of 2.60% and a negative return on equity of 177.38%. The business’s revenue was up 57.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.70) EPS. As a group, equities research analysts forecast that Norwegian Cruise Line will post 0.47 EPS for the current year.

Institutional Trading of Norwegian Cruise Line

Several large investors have recently bought and sold shares of the stock. Allworth Financial LP grew its position in Norwegian Cruise Line by 13.3% during the 2nd quarter. Allworth Financial LP now owns 4,136 shares of the company’s stock worth $90,000 after purchasing an additional 487 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Norwegian Cruise Line by 1.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 33,057 shares of the company’s stock valued at $720,000 after acquiring an additional 500 shares during the last quarter. Stonebridge Capital Advisors LLC boosted its holdings in shares of Norwegian Cruise Line by 46.2% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 1,900 shares of the company’s stock valued at $41,000 after acquiring an additional 600 shares during the last quarter. AE Wealth Management LLC boosted its holdings in shares of Norwegian Cruise Line by 2.5% in the 3rd quarter. AE Wealth Management LLC now owns 28,188 shares of the company’s stock valued at $465,000 after acquiring an additional 693 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Norwegian Cruise Line by 7.5% in the 3rd quarter. Geneos Wealth Management Inc. now owns 10,290 shares of the company’s stock valued at $170,000 after acquiring an additional 716 shares during the last quarter. Hedge funds and other institutional investors own 60.49% of the company’s stock.

Norwegian Cruise Line Company Profile

(Get Free Report)

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 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 locations, including destinations in Scandinavia, Russia, 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.

Featured Stories

Analyst Recommendations for Norwegian Cruise Line (NYSE:NCLH)

Receive News & Ratings for Norwegian Cruise Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwegian Cruise Line and related companies with MarketBeat.com's FREE daily email newsletter.