Norwegian Cruise Line (NYSE:NCLH – Get Free Report) had its price objective increased by investment analysts at Barclays from $26.00 to $28.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential upside of 12.54% from the company’s previous close.
A number of other equities analysts also recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Truist Financial upped their target price on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Morgan Stanley lifted their price target on shares of Norwegian Cruise Line from $17.50 to $19.00 and gave the stock an “underweight” rating in a research note on Wednesday. Citigroup upgraded shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and upped their price objective for the company from $20.00 to $30.00 in a research note on Wednesday, October 9th. Finally, Macquarie lifted their target price on Norwegian Cruise Line from $24.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday. Two equities 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, Norwegian Cruise Line presently has an average rating of “Hold” and a consensus price target of $25.80.
Check Out Our Latest Research Report on Norwegian Cruise Line
Norwegian Cruise Line Trading Down 1.8 %
Norwegian Cruise Line (NYSE:NCLH – Get Free Report) last posted its quarterly earnings results 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. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same period last year, the firm earned $0.20 earnings per share. Norwegian Cruise Line’s quarterly revenue was up 7.6% on a year-over-year basis. Equities analysts predict that Norwegian Cruise Line will post 1.38 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in NCLH. Transcendent Capital Group LLC acquired a new position in Norwegian Cruise Line during the first quarter worth $27,000. Sentry Investment Management LLC acquired a new position in shares of Norwegian Cruise Line during the 2nd quarter worth $39,000. Blue Trust Inc. increased its holdings in shares of Norwegian Cruise Line by 489.8% in the 3rd quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock valued at $41,000 after purchasing an additional 1,817 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Norwegian Cruise Line in the first quarter valued at about $61,000. Finally, Moisand Fitzgerald Tamayo LLC purchased a new stake in Norwegian Cruise Line during the third quarter worth about $78,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.
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.
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