Norwegian Cruise Line (NYSE:NCLH) Price Target Raised to $26.00 at Barclays

Norwegian Cruise Line (NYSE:NCLH) had its price target increased by analysts at Barclays from $21.00 to $26.00 in a report released on Tuesday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential upside of 9.34% from the company’s previous close.

Several other analysts have also commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Morgan Stanley increased their target price on Norwegian Cruise Line from $16.50 to $17.50 and gave the stock an “underweight” rating in a research report on Wednesday, August 7th. Truist Financial boosted their price target on Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Tigress Financial restated a “strong-buy” rating and set a $32.00 price target on shares of Norwegian Cruise Line in a research note on Friday, August 9th. Finally, Macquarie lifted their price objective on Norwegian Cruise Line from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $23.63.

Norwegian Cruise Line Price Performance

Shares of NCLH traded up $0.07 on Tuesday, reaching $23.78. The stock had a trading volume of 2,734,208 shares, compared to its average volume of 12,937,024. Norwegian Cruise Line has a twelve month low of $12.70 and a twelve month high of $24.80. The firm has a market capitalization of $10.20 billion, a PE ratio of 33.97, a PEG ratio of 0.33 and a beta of 2.71. The firm has a 50-day moving average of $19.47 and a 200 day moving average of $18.26. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 17.19.

Norwegian Cruise Line (NYSE:NCLH) last posted its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. Norwegian Cruise Line had a return on equity of 105.44% and a net margin of 4.62%. Norwegian Cruise Line’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.20 earnings per share. Sell-side analysts expect that Norwegian Cruise Line will post 1.38 EPS for the current year.

Hedge Funds Weigh In On Norwegian Cruise Line

A number of institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its position in shares of Norwegian Cruise Line by 2.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 21,605 shares of the company’s stock worth $452,000 after acquiring an additional 537 shares during the last quarter. NBC Securities Inc. grew its position in shares of Norwegian Cruise Line by 1.5% during the 3rd quarter. NBC Securities Inc. now owns 45,603 shares of the company’s stock valued at $935,000 after buying an additional 678 shares during the last quarter. Signaturefd LLC raised its stake in Norwegian Cruise Line by 5.6% during the second quarter. Signaturefd LLC now owns 13,365 shares of the company’s stock worth $251,000 after acquiring an additional 705 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in Norwegian Cruise Line by 5.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 13,713 shares of the company’s stock worth $258,000 after acquiring an additional 747 shares during the last quarter. Finally, State of Michigan Retirement System boosted its stake in Norwegian Cruise Line by 0.8% in the second quarter. State of Michigan Retirement System now owns 117,479 shares of the company’s stock valued at $2,207,000 after acquiring an additional 900 shares during the period. 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.