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

Norwegian Cruise Line (NYSE:NCLH) had its target price increased by Macquarie from $23.00 to $24.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have an outperform rating on the stock.

Several other research analysts also recently weighed in on the stock. Barclays lifted their target price on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the stock an equal weight rating in a research report on Thursday. UBS Group upped their price objective on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a neutral rating in a research note on Tuesday, May 21st. Stifel Nicolaus lifted their target price on shares of Norwegian Cruise Line from $26.00 to $27.00 and gave the company a buy rating in a research note on Thursday. 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 report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. upped their price target on Norwegian Cruise Line from $20.00 to $22.00 and gave the stock a neutral rating in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $22.18.

Norwegian Cruise Line Price Performance

NYSE:NCLH traded down $1.47 during midday trading on Thursday, hitting $15.88. 14,579,351 shares of the stock were exchanged, compared to its average volume of 12,934,852. Norwegian Cruise Line has a one year low of $12.70 and a one year high of $21.73. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 33.16. The business has a 50-day moving average price of $18.05 and a two-hundred day moving average price of $18.02. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of 22.70, a P/E/G ratio of 0.30 and a beta of 2.69.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.34 by $0.06. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 128.84%. The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same period in the previous year, the business earned $0.20 earnings per share. Norwegian Cruise Line’s revenue for the quarter was up 7.6% compared to the same quarter last year. Sell-side analysts predict that Norwegian Cruise Line will post 1.17 EPS for the current year.

Insider Transactions at Norwegian Cruise Line

In other Norwegian Cruise Line news, Director Zillah Byng-Thorne purchased 13,360 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were acquired at an average cost of $16.50 per share, for a total transaction of $220,440.00. Following the transaction, the director now directly owns 13,360 shares in the company, valued at $220,440. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Norwegian Cruise Line

Institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC raised its position in shares of Norwegian Cruise Line by 2.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 21,605 shares of the company’s stock worth $452,000 after acquiring an additional 537 shares during the last quarter. Signaturefd LLC lifted its holdings in Norwegian Cruise Line by 5.6% in the second quarter. Signaturefd LLC now owns 13,365 shares of the company’s stock valued at $251,000 after buying an additional 705 shares during the period. State of Michigan Retirement System grew its holdings in Norwegian Cruise Line by 0.7% during the 4th quarter. State of Michigan Retirement System now owns 116,479 shares of the company’s stock worth $2,334,000 after acquiring an additional 800 shares during the period. GAMMA Investing LLC lifted its stake in shares of Norwegian Cruise Line by 20.7% in the 1st quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock valued at $109,000 after purchasing an additional 888 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of Norwegian Cruise Line by 2.5% in the 1st quarter. Fifth Third Bancorp now owns 40,039 shares of the company’s stock worth $838,000 after purchasing an additional 980 shares during the last quarter. 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.