Macquarie Boosts Norwegian Cruise Line (NYSE:NCLH) Price Target to $24.00

Norwegian Cruise Line (NYSE:NCLH) had its price objective lifted by analysts at Macquarie from $23.00 to $24.00 in a report released on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Macquarie’s target price suggests a potential upside of 38.65% from the stock’s current price.

A number of other analysts have also issued reports on the company. Stifel Nicolaus increased their target price on Norwegian Cruise Line from $26.00 to $27.00 and gave the company a “buy” rating in a report on Thursday. Truist Financial raised Norwegian Cruise Line from a “hold” rating to a “buy” rating and increased their price objective for the stock from $20.00 to $21.00 in a research note on Wednesday, May 29th. Deutsche Bank Aktiengesellschaft lifted their target price on Norwegian Cruise Line from $18.00 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, May 21st. Mizuho raised shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and increased their price target for the stock from $21.00 to $24.00 in a research report on Tuesday, May 28th. Finally, Barclays boosted their price objective on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $22.12.

Norwegian Cruise Line Price Performance

Shares of NYSE NCLH traded down $1.12 during trading on Thursday, hitting $17.31. The company had a trading volume of 14,281,056 shares, compared to its average volume of 12,880,328. Norwegian Cruise Line has a 52 week low of $12.70 and a 52 week high of $21.73. The business’s 50-day moving average is $18.01 and its 200 day moving average is $18.02. The company has a market cap of $7.43 billion, a P/E ratio of 24.73, a PEG ratio of 0.31 and a beta of 2.69. The company has a debt-to-equity ratio of 33.16, a quick ratio of 0.22 and a current ratio of 0.24.

Norwegian Cruise Line (NYSE:NCLH) last announced its earnings results on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.34 by $0.06. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. Norwegian Cruise Line had a return on equity of 136.20% and a net margin of 3.84%. Norwegian Cruise Line’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.20 earnings per share. Equities research analysts predict that Norwegian Cruise Line will post 1.17 earnings per share for the current fiscal year.

Insider Transactions at Norwegian Cruise Line

In other Norwegian Cruise Line news, Director Zillah Byng-Thorne purchased 13,360 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The stock was acquired 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Norwegian Cruise Line

Several hedge funds have recently added to or reduced their stakes in NCLH. Natixis Advisors LLC raised its position in shares of Norwegian Cruise Line by 26.4% during the 2nd quarter. Natixis Advisors LLC now owns 49,517 shares of the company’s stock valued at $930,000 after acquiring an additional 10,354 shares during the last quarter. Hussman Strategic Advisors Inc. bought a new position in Norwegian Cruise Line during the second quarter worth about $2,762,000. Van ECK Associates Corp grew its position in shares of Norwegian Cruise Line by 93.1% during the 2nd quarter. Van ECK Associates Corp now owns 236,406 shares of the company’s stock worth $4,442,000 after buying an additional 113,958 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Norwegian Cruise Line by 31.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 1,146,590 shares of the company’s stock valued at $21,544,000 after acquiring an additional 276,241 shares during the last quarter. Finally, Signaturefd LLC raised its position in shares of Norwegian Cruise Line by 5.6% in the 2nd quarter. Signaturefd LLC now owns 13,365 shares of the company’s stock valued at $251,000 after acquiring an additional 705 shares during the period. 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.