Norwegian Cruise Line (NYSE:NCLH) PT Raised to $23.00

Norwegian Cruise Line (NYSE:NCLH) had its price objective boosted by investment analysts at Bank of America from $20.00 to $23.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Bank of America‘s price objective indicates a potential upside of 12.20% from the stock’s current price.

NCLH has been the subject of a number of other research reports. Citigroup lifted their target price on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Norwegian Cruise Line from $18.00 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, May 21st. Mizuho raised shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $21.00 to $24.00 in a research report on Tuesday, May 28th. Barclays cut their price objective on shares of Norwegian Cruise Line from $21.00 to $20.00 and set an “equal weight” rating for the company in a research report on Thursday, May 2nd. Finally, Truist Financial raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating and boosted their price objective for the company from $20.00 to $21.00 in a research report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $21.87.

Norwegian Cruise Line Stock Performance

Norwegian Cruise Line stock traded up $0.77 during midday trading on Tuesday, hitting $20.50. 4,905,567 shares of the company’s stock were exchanged, compared to its average volume of 12,797,535. Norwegian Cruise Line has a 12-month low of $12.70 and a 12-month high of $22.23. The company has a debt-to-equity ratio of 33.16, a quick ratio of 0.22 and a current ratio of 0.24. The stock has a market cap of $8.80 billion, a price-to-earnings ratio of 29.29, a price-to-earnings-growth ratio of 0.32 and a beta of 2.69. The firm’s 50 day simple moving average is $17.63 and its 200 day simple moving average is $17.96.

Norwegian Cruise Line (NYSE:NCLH) last issued 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. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.24 billion. Norwegian Cruise Line had a net margin of 3.84% and a return on equity of 136.20%. Equities research analysts predict that Norwegian Cruise Line will post 1.17 EPS for the current year.

Insider Activity at Norwegian Cruise Line

In related news, Director Zillah Byng-Thorne purchased 13,360 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were purchased at an average cost of $16.50 per share, with a total value of $220,440.00. Following the completion of the acquisition, the director now directly owns 13,360 shares of the company’s stock, valued at approximately $220,440. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.87% of the stock is currently owned by corporate insiders.

Institutional Trading of Norwegian Cruise Line

A number of large investors have recently modified their holdings of the company. Transcendent Capital Group LLC bought a new position in Norwegian Cruise Line in the 1st quarter valued at about $27,000. YHB Investment Advisors Inc. acquired a new position in shares of Norwegian Cruise Line in the first quarter worth about $39,000. 1832 Asset Management L.P. acquired a new position in shares of Norwegian Cruise Line in the fourth quarter worth about $44,000. Fidelis Capital Partners LLC acquired a new stake in shares of Norwegian Cruise Line during the first quarter worth approximately $61,000. Finally, Mendota Financial Group LLC acquired a new stake in shares of Norwegian Cruise Line during the fourth quarter worth approximately $66,000. 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.