Norwegian Cruise Line (NYSE:NCLH) Price Target Raised to $25.00

Norwegian Cruise Line (NYSE:NCLH) had its price objective lifted by JPMorgan Chase & Co. from $23.00 to $25.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 27.49% from the stock’s previous close.

Several other research analysts have also recently commented on NCLH. Bank of America boosted their price target on shares of Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. UBS Group upped their target price on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. Barclays lifted their price target on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Stifel Nicolaus lifted their target price on Norwegian Cruise Line from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Susquehanna lifted their target price on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Norwegian Cruise Line currently has a consensus rating of “Hold” and an average target price of $22.17.

Norwegian Cruise Line Trading Up 1.4 %

Shares of NCLH traded up $0.28 during midday trading on Monday, reaching $19.61. The company had a trading volume of 9,122,267 shares, compared to its average volume of 12,853,807. The stock has a market cap of $8.41 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 0.27 and a beta of 2.70. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 17.19. The firm has a 50 day simple moving average of $17.69 and a 200-day simple moving average of $17.97. 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 released its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. Norwegian Cruise Line had a return on equity of 105.44% and a net margin of 4.62%. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same period in the prior year, the firm earned $0.20 earnings per share. The firm’s revenue was up 7.6% compared to the same quarter last year. Research analysts forecast that Norwegian Cruise Line will post 1.37 EPS for the current fiscal year.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sanctuary Advisors LLC purchased a new stake in shares of Norwegian Cruise Line during the second quarter worth about $523,000. Quarry LP boosted its holdings in Norwegian Cruise Line by 419.1% in the second quarter. Quarry LP now owns 5,669 shares of the company’s stock valued at $107,000 after acquiring an additional 4,577 shares during the last quarter. Magnolia Capital Advisors LLC purchased a new position in shares of Norwegian Cruise Line in the 2nd quarter worth about $193,000. Creative Planning lifted its stake in shares of Norwegian Cruise Line by 4.0% in the 2nd quarter. Creative Planning now owns 511,375 shares of the company’s stock valued at $9,609,000 after purchasing an additional 19,734 shares in the last quarter. Finally, Algert Global LLC grew its holdings in shares of Norwegian Cruise Line by 375.5% during the 2nd quarter. Algert Global LLC now owns 232,401 shares of the company’s stock worth $4,367,000 after purchasing an additional 183,521 shares during the period. 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.