Norwegian Cruise Line (NYSE:NCLH) Price Target Increased to $22.00 by Analysts at JPMorgan Chase & Co.

Norwegian Cruise Line (NYSE:NCLH) had its price objective boosted by JPMorgan Chase & Co. from $20.00 to $22.00 in a research note issued to investors on Wednesday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other equities research analysts also recently commented on NCLH. Citigroup upped their price objective on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a neutral rating in a report on Tuesday, May 21st. Wells Fargo & Company upped their price objective on Norwegian Cruise Line from $19.00 to $20.00 and gave the stock an equal weight rating in a research report on Tuesday, May 21st. Susquehanna reduced their price target on 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. StockNews.com upgraded Norwegian Cruise Line from a sell rating to a hold rating in a research note on Wednesday, May 8th. Finally, Bank of America upped their price objective on Norwegian Cruise Line from $20.00 to $23.00 and gave the company a neutral rating in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Hold and an average target price of $21.88.

Norwegian Cruise Line Price Performance

Norwegian Cruise Line stock opened at $18.47 on Wednesday. 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 firm has a market cap of $7.92 billion, a P/E ratio of 26.39, a P/E/G ratio of 0.30 and a beta of 2.69. The business’s fifty day moving average is $17.90 and its two-hundred day moving average is $17.99. Norwegian Cruise Line has a 52 week low of $12.70 and a 52 week high of $22.23.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results on Wednesday, May 1st. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.24 billion. Norwegian Cruise Line had a return on equity of 136.20% and a net margin of 3.84%. Equities research analysts forecast that Norwegian Cruise Line will post 1.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Norwegian Cruise Line

In other news, Director Zillah Byng-Thorne acquired 13,360 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were bought at an average price of $16.50 per share, with a total value of $220,440.00. Following the acquisition, the director now directly owns 13,360 shares in the company, valued at approximately $220,440. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Transcendent Capital Group LLC bought a new position in shares of Norwegian Cruise Line in the 1st quarter worth about $27,000. YHB Investment Advisors Inc. purchased a new position in shares of Norwegian Cruise Line in the 1st quarter worth approximately $39,000. 1832 Asset Management L.P. purchased a new position in shares of Norwegian Cruise Line in the 4th quarter worth approximately $44,000. Fidelis Capital Partners LLC purchased a new position in Norwegian Cruise Line in the first quarter valued at approximately $61,000. Finally, Mendota Financial Group LLC purchased a new position in Norwegian Cruise Line in the fourth quarter valued at approximately $66,000. 69.58% of the stock is owned by institutional investors.

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.