Norwegian Cruise Line (NYSE:NCLH) Price Target Increased to $26.00 by Analysts at Barclays

Norwegian Cruise Line (NYSE:NCLH) had its price target increased by Barclays from $21.00 to $26.00 in a report released on Tuesday, Benzinga reports. They currently have an equal weight rating on the stock.

Several other brokerages also recently weighed in on NCLH. JPMorgan Chase & Co. raised their target price on Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Susquehanna lifted their price objective on Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Truist Financial upped their target price 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. Morgan Stanley raised their price target on shares of Norwegian Cruise Line from $16.50 to $17.50 and gave the stock an “underweight” rating in a research report on Wednesday, August 7th. Finally, Citigroup raised shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and upped their price target for the company from $20.00 to $30.00 in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Norwegian Cruise Line presently has a consensus rating of “Hold” and an average price target of $23.63.

Norwegian Cruise Line Price Performance

NCLH stock opened at $23.16 on Tuesday. The stock has a 50-day simple moving average of $20.07 and a 200-day simple moving average of $18.39. The firm has a market cap of $9.94 billion, a P/E ratio of 33.09, a price-to-earnings-growth ratio of 0.34 and a beta of 2.71. The company has a debt-to-equity ratio of 17.19, a quick ratio of 0.22 and a current ratio of 0.24. Norwegian Cruise Line has a 1 year low of $12.70 and a 1 year high of $24.80.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 4.62% and a return on equity of 105.44%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 earnings per share. On average, equities analysts predict that Norwegian Cruise Line will post 1.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NCLH. Louisiana State Employees Retirement System lifted its stake in Norwegian Cruise Line by 2.1% in the third quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the company’s stock valued at $509,000 after buying an additional 500 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Norwegian Cruise Line by 2.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 21,605 shares of the company’s stock valued at $452,000 after purchasing an additional 537 shares during the last quarter. NBC Securities Inc. boosted its stake in 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 purchasing an additional 678 shares during the period. Signaturefd LLC grew its position in Norwegian Cruise Line by 5.6% in the 2nd quarter. Signaturefd LLC now owns 13,365 shares of the company’s stock worth $251,000 after purchasing an additional 705 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in shares of 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 valued at $258,000 after purchasing an additional 747 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.