Norwegian Cruise Line (NYSE:NCLH) Given New $29.00 Price Target at UBS Group

Norwegian Cruise Line (NYSE:NCLH) had its price target lifted by investment analysts at UBS Group from $19.00 to $29.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price points to a potential upside of 5.19% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Barclays lifted their target price on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Susquehanna lifted their target price on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Macquarie raised their price target on shares of Norwegian Cruise Line from $24.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company raised their price target on shares of Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Norwegian Cruise Line has an average rating of “Hold” and an average price target of $26.47.

Norwegian Cruise Line Stock Performance

NCLH stock traded down $0.19 during midday trading on Thursday, hitting $27.57. 2,618,526 shares of the stock traded hands, compared to its average volume of 12,891,943. The firm has a market cap of $12.12 billion, a P/E ratio of 25.27, a PEG ratio of 0.26 and a beta of 2.67. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The stock’s fifty day simple moving average is $21.17 and its 200-day simple moving average is $18.71. Norwegian Cruise Line has a 1-year low of $12.70 and a 1-year high of $27.93.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.94 by $0.05. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The company had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same quarter last year, the business earned $0.71 earnings per share. The firm’s revenue was up 10.7% on a year-over-year basis. On average, analysts expect that Norwegian Cruise Line will post 1.64 earnings per share for the current year.

Institutional Investors Weigh In On Norwegian Cruise Line

Institutional investors and hedge funds have recently made changes to their positions in the stock. Transcendent Capital Group LLC acquired a new position in shares of Norwegian Cruise Line in the first quarter valued at approximately $27,000. Sentry Investment Management LLC acquired a new position in shares of Norwegian Cruise Line in the second quarter valued at approximately $39,000. Blue Trust Inc. grew its holdings 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 purchasing an additional 1,817 shares in the last quarter. Huntington National Bank grew its holdings in shares of Norwegian Cruise Line by 173.1% in the third quarter. Huntington National Bank now owns 3,504 shares of the company’s stock valued at $72,000 after purchasing an additional 2,221 shares in the last quarter. Finally, Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Norwegian Cruise Line in the third quarter valued at approximately $78,000. 69.58% of the stock is owned by hedge funds and other 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.