Norwegian Cruise Line (NYSE:NCLH) Given New $29.00 Price Target at Stifel Nicolaus

Norwegian Cruise Line (NYSE:NCLH) had its target price increased by Stifel Nicolaus from $27.00 to $29.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a neutral rating in a report on Monday, September 16th. Tigress Financial reaffirmed a strong-buy rating and issued a $32.00 target price on shares of Norwegian Cruise Line in a report on Friday, August 9th. StockNews.com raised shares of Norwegian Cruise Line from a sell rating to a hold rating in a report on Wednesday. Macquarie lifted their target price on shares of Norwegian Cruise Line from $23.00 to $24.00 and gave the stock an outperform rating in a report on Thursday, August 1st. Finally, Truist Financial lifted their target price on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a buy rating in a report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Norwegian Cruise Line presently has an average rating of Hold and an average target price of $22.57.

Norwegian Cruise Line Trading Up 4.9 %

Shares of NYSE NCLH opened at $20.39 on Friday. Norwegian Cruise Line has a 1 year low of $12.70 and a 1 year high of $21.73. The stock has a market cap of $8.75 billion, a P/E ratio of 29.13, a price-to-earnings-growth ratio of 0.30 and a beta of 2.71. The firm has a 50-day moving average of $17.96 and a 200 day moving average of $18.06. The company has a debt-to-equity ratio of 17.19, a current ratio of 0.24 and a quick ratio of 0.22.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same period last year, the company posted $0.20 EPS. Norwegian Cruise Line’s revenue was up 7.6% on a year-over-year basis. As a group, sell-side analysts expect that Norwegian Cruise Line will post 1.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Norwegian Cruise Line

A number of hedge funds have recently modified their holdings of NCLH. Transcendent Capital Group LLC purchased a new position in shares of Norwegian Cruise Line in the first quarter worth $27,000. YHB Investment Advisors Inc. purchased a new position in shares of Norwegian Cruise Line in the first quarter worth $39,000. Sentry Investment Management LLC purchased a new position in shares of Norwegian Cruise Line in the second quarter worth $39,000. 1832 Asset Management L.P. purchased a new position in shares of Norwegian Cruise Line in the fourth quarter worth $44,000. Finally, Fidelis Capital Partners LLC purchased a new position in shares of Norwegian Cruise Line in the first quarter worth $61,000. 69.58% of the stock is currently owned by institutional investors.

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.