Morgan Stanley Raises Norwegian Cruise Line (NYSE:NCLH) Price Target to $19.00

Norwegian Cruise Line (NYSE:NCLH) had its price target increased by Morgan Stanley from $17.50 to $19.00 in a research report released on Wednesday, Benzinga reports. They currently have an underweight rating on the stock.

Other research analysts have also issued research reports about the company. Truist Financial boosted their target price on Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Bank of America boosted their target price on Norwegian Cruise Line from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Tigress Financial reissued a “strong-buy” rating and issued a $32.00 target price on shares of Norwegian Cruise Line in a report on Friday, August 9th. Susquehanna boosted their target price on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, Barclays boosted their target price on Norwegian Cruise Line from $21.00 to $26.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $25.80.

Norwegian Cruise Line Price Performance

Shares of NYSE NCLH opened at $24.88 on Wednesday. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 17.19. Norwegian Cruise Line has a twelve month low of $12.70 and a twelve month high of $26.73. The stock has a 50 day moving average of $20.86 and a two-hundred day moving average of $18.60. The stock has a market cap of $10.94 billion, a P/E ratio of 29.27, a P/E/G ratio of 0.31 and a beta of 2.71.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.38 billion. Norwegian Cruise Line had a return on equity of 105.44% and a net margin of 4.62%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 earnings per share. On average, research analysts forecast that Norwegian Cruise Line will post 1.38 earnings per share for the current year.

Institutional Trading of Norwegian Cruise Line

Large investors have recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new stake in Norwegian Cruise Line in the first quarter valued at $27,000. Sentry Investment Management LLC purchased a new stake in shares of Norwegian Cruise Line in the second quarter valued at $39,000. Blue Trust Inc. lifted its position in shares of Norwegian Cruise Line by 489.8% in the third quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock valued at $41,000 after acquiring an additional 1,817 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of Norwegian Cruise Line in the first quarter valued at $61,000. Finally, Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Norwegian Cruise Line in the third quarter valued at $78,000. Institutional investors and hedge funds 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.