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

Norwegian Cruise Line (NYSE:NCLH) had its target price hoisted by The Goldman Sachs Group from $19.00 to $21.00 in a report published on Tuesday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research analysts also recently commented on NCLH. Barclays cut their target price on shares of Norwegian Cruise Line from $21.00 to $20.00 and set an equal weight rating on the stock in a research report on Thursday, May 2nd. StockNews.com upgraded Norwegian Cruise Line from a sell rating to a hold rating in a report on Wednesday, May 8th. Wells Fargo & Company decreased their price objective on Norwegian Cruise Line from $21.00 to $19.00 and set an equal weight rating for the company in a research note on Thursday, May 2nd. Mizuho began coverage on shares of Norwegian Cruise Line in a research report on Tuesday, March 26th. They set a neutral rating and a $21.00 price target for the company. Finally, Stifel Nicolaus lifted their price objective on shares of Norwegian Cruise Line from $25.00 to $26.00 and gave the stock a buy rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Norwegian Cruise Line currently has a consensus rating of Hold and an average price target of $21.00.

Norwegian Cruise Line Price Performance

Norwegian Cruise Line stock opened at $15.56 on Tuesday. The stock has a market cap of $6.68 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 0.30 and a beta of 2.59. The firm has a 50-day moving average of $18.21 and a two-hundred day moving average of $17.69. Norwegian Cruise Line has a 1 year low of $12.70 and a 1 year high of $22.75. The company has a debt-to-equity ratio of 33.16, a current ratio of 0.24 and a quick ratio of 0.22.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.05. Norwegian Cruise Line had a return on equity of 136.20% and a net margin of 3.84%. The company had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.24 billion. On average, research analysts forecast that Norwegian Cruise Line will post 1.09 earnings per share for the current year.

Hedge Funds Weigh In On Norwegian Cruise Line

Several hedge funds and other institutional investors have recently bought and sold shares of NCLH. Capital Research Global Investors boosted its holdings in shares of Norwegian Cruise Line by 87.8% in the 4th quarter. Capital Research Global Investors now owns 57,049,928 shares of the company’s stock valued at $1,143,285,000 after acquiring an additional 26,676,150 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Norwegian Cruise Line by 120.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock worth $470,889,000 after purchasing an additional 12,313,426 shares during the period. Norges Bank purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter worth about $83,243,000. Invesco Ltd. grew its holdings in Norwegian Cruise Line by 22.4% during the third quarter. Invesco Ltd. now owns 8,197,327 shares of the company’s stock worth $135,092,000 after acquiring an additional 1,499,622 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Norwegian Cruise Line by 58.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,105,324 shares of the company’s stock worth $62,240,000 after acquiring an additional 1,141,086 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

About Norwegian Cruise Line

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.