Norwegian Cruise Line (NYSE:NCLH) Price Target Raised to $31.00

Norwegian Cruise Line (NYSE:NCLH) had its target price upped by equities researchers at Macquarie from $30.00 to $31.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Macquarie’s price objective would suggest a potential upside of 49.45% from the stock’s previous close.

Several other research analysts have also recently issued reports on NCLH. Barclays upgraded shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $28.00 to $32.00 in a report on Friday, December 13th. The Goldman Sachs Group set a $34.00 price target on shares of Norwegian Cruise Line in a report on Thursday, January 23rd. Morgan Stanley upped their price objective on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the company an “underweight” rating in a research note on Tuesday, November 12th. UBS Group raised their target price on Norwegian Cruise Line from $19.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Bank of America boosted their price target on Norwegian Cruise Line from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $29.38.

Norwegian Cruise Line Trading Down 2.6 %

Shares of NCLH traded down $0.56 during trading hours on Thursday, hitting $20.74. The company had a trading volume of 5,234,037 shares, compared to its average volume of 10,590,799. The firm has a market cap of $9.13 billion, a P/E ratio of 19.03, a P/E/G ratio of 0.24 and a beta of 2.62. Norwegian Cruise Line has a 52-week low of $14.69 and a 52-week high of $29.29. The stock’s 50 day moving average price is $26.01 and its 200 day moving average price is $24.08. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Norwegian Cruise Line in the fourth quarter worth about $2,392,000. Advisor Resource Council bought a new stake in shares of Norwegian Cruise Line in the 4th quarter worth approximately $279,000. Integrated Advisors Network LLC purchased a new stake in shares of Norwegian Cruise Line in the 4th quarter worth approximately $717,000. Mackenzie Financial Corp increased its position in Norwegian Cruise Line by 136.9% during the 4th quarter. Mackenzie Financial Corp now owns 318,400 shares of the company’s stock valued at $8,192,000 after buying an additional 183,970 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in Norwegian Cruise Line by 48.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 230,447 shares of the company’s stock valued at $5,929,000 after buying an additional 74,983 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors.

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.