Norwegian Cruise Line (NYSE:NCLH) Stock Price Expected to Rise, Macquarie Analyst Says

Norwegian Cruise Line (NYSE:NCLH) had its price objective lifted by research analysts at Macquarie from $30.00 to $31.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Macquarie’s target price points to a potential upside of 49.45% from the stock’s previous close.

A number of other research analysts have also recently commented on NCLH. Bank of America upped their price target on Norwegian Cruise Line from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. StockNews.com raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. increased their target price on shares of Norwegian Cruise Line from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 17th. Truist Financial boosted their price target on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Finally, Citigroup lifted their price objective on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $29.38.

Norwegian Cruise Line Stock Performance

Shares of NCLH stock traded down $0.56 during trading hours on Thursday, hitting $20.74. 5,234,037 shares of the company were exchanged, compared to its average volume of 10,590,799. Norwegian Cruise Line has a 52-week low of $14.69 and a 52-week high of $29.29. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The firm has a fifty day simple moving average of $26.01 and a 200 day simple moving average of $24.08. The stock has a market capitalization of $9.13 billion, a price-to-earnings ratio of 19.03, a P/E/G ratio of 0.24 and a beta of 2.62.

Hedge Funds Weigh In On Norwegian Cruise Line

A number of institutional investors have recently made changes to their positions in NCLH. Capital International Investors grew its position in Norwegian Cruise Line by 11.2% in the fourth quarter. Capital International Investors now owns 55,194,672 shares of the company’s stock worth $1,420,159,000 after acquiring an additional 5,557,951 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Norwegian Cruise Line by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company’s stock valued at $1,371,596,000 after purchasing an additional 277,360 shares during the last quarter. State Street Corp increased its position in shares of Norwegian Cruise Line by 4.3% during the 3rd quarter. State Street Corp now owns 15,241,984 shares of the company’s stock valued at $312,613,000 after purchasing an additional 621,793 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Norwegian Cruise Line by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 10,793,268 shares of the company’s stock valued at $277,399,000 after buying an additional 270,434 shares in the last quarter. Finally, Baillie Gifford & Co. bought a new stake in Norwegian Cruise Line in the 3rd quarter worth approximately $179,146,000. Institutional investors 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.