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

Norwegian Cruise Line (NYSE:NCLH) had its price target boosted by Stifel Nicolaus from $25.00 to $26.00 in a research report released on Tuesday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities analysts have also weighed in on NCLH. Susquehanna cut their price objective on shares of Norwegian Cruise Line from $21.00 to $18.00 and set a neutral rating for the company in a research report on Thursday, May 2nd. The Goldman Sachs Group started coverage on Norwegian Cruise Line in a research note on Wednesday, March 13th. They set a neutral rating and a $19.00 price target on the stock. Truist Financial lifted their price objective on Norwegian Cruise Line from $17.00 to $20.00 and gave the company a hold rating in a research report on Friday, March 1st. Wells Fargo & Company reduced their target price on Norwegian Cruise Line from $21.00 to $19.00 and set an equal weight rating on the stock in a research report on Thursday, May 2nd. Finally, Citigroup lowered their price target on Norwegian Cruise Line from $23.00 to $19.00 and set a neutral rating for the company in a report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $21.00.

Norwegian Cruise Line Price Performance

Norwegian Cruise Line stock opened at $16.00 on Tuesday. The business has a 50 day simple moving average of $18.14 and a 200-day simple moving average of $17.71. Norwegian Cruise Line has a 12 month low of $12.70 and a 12 month 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. The stock has a market capitalization of $6.86 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 0.27 and a beta of 2.59.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. Norwegian Cruise Line had a net margin of 3.84% and a return on equity of 136.20%. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.24 billion. Equities analysts predict that Norwegian Cruise Line will post 1.11 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NCLH. Cetera Advisors LLC lifted its holdings in Norwegian Cruise Line by 73.7% in the 1st quarter. Cetera Advisors LLC now owns 29,683 shares of the company’s stock valued at $621,000 after acquiring an additional 12,592 shares during the last quarter. Cetera Investment Advisers lifted its stake in Norwegian Cruise Line by 170.1% during the first quarter. Cetera Investment Advisers now owns 93,155 shares of the company’s stock valued at $1,950,000 after purchasing an additional 58,660 shares during the last quarter. Tidal Investments LLC boosted its holdings in Norwegian Cruise Line by 12.2% during the first quarter. Tidal Investments LLC now owns 18,561 shares of the company’s stock worth $388,000 after buying an additional 2,012 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in Norwegian Cruise Line by 25.8% in the first quarter. B. Riley Wealth Advisors Inc. now owns 15,213 shares of the company’s stock worth $318,000 after buying an additional 3,123 shares during the last quarter. Finally, Transcendent Capital Group LLC bought a new position in shares of Norwegian Cruise Line in the first quarter valued at $27,000. 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.