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

Norwegian Cruise Line (NYSE:NCLH) had its price objective raised by equities research analysts at UBS Group from $19.00 to $29.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price suggests a potential upside of 5.19% from the company’s current price.

A number of other analysts have also weighed in on the company. Argus upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Monday. JPMorgan Chase & Co. upped their target price on Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Wells Fargo & Company upped their target price on Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Barclays upped their target price on Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Finally, Macquarie increased their price objective on Norwegian Cruise Line from $24.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.47.

Norwegian Cruise Line Trading Down 0.7 %

Shares of NYSE NCLH traded down $0.19 during trading hours on Thursday, reaching $27.57. The stock had a trading volume of 2,618,526 shares, compared to its average volume of 12,891,943. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The firm has a market cap of $12.12 billion, a price-to-earnings ratio of 25.27, a P/E/G ratio of 0.26 and a beta of 2.67. The business’s fifty day moving average price is $21.17 and its two-hundred day moving average price is $18.71. Norwegian Cruise Line has a 52-week low of $12.70 and a 52-week high of $27.93.

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

Institutional Investors Weigh In On Norwegian Cruise Line

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NCLH. Price T Rowe Associates Inc. MD boosted its stake in shares of Norwegian Cruise Line by 120.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock worth $470,889,000 after buying an additional 12,313,426 shares during the last quarter. Baillie Gifford & Co. purchased a new stake in Norwegian Cruise Line in the 3rd quarter worth approximately $179,146,000. Columbus Hill Capital Management L.P. purchased a new stake in Norwegian Cruise Line in the 2nd quarter worth approximately $23,479,000. Dimensional Fund Advisors LP grew its stake in shares of Norwegian Cruise Line by 32.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock worth $85,835,000 after purchasing an additional 1,129,770 shares during the period. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of Norwegian Cruise Line in the 2nd quarter valued at $15,213,000. 69.58% of the stock is owned by institutional investors and hedge funds.

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.