Norwegian Cruise Line (NYSE:NCLH) Price Target Increased to $20.00 by Analysts at Wells Fargo & Company

Norwegian Cruise Line (NYSE:NCLHFree Report) had its price objective boosted by Wells Fargo & Company from $19.00 to $20.00 in a report issued on Tuesday, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

A number of other equities analysts have also commented on NCLH. Truist Financial raised their price target on shares of Norwegian Cruise Line from $17.00 to $20.00 and gave the stock a hold rating in a research report on Friday, March 1st. Susquehanna decreased their target price on shares of Norwegian Cruise Line from $21.00 to $18.00 and set a neutral rating on the stock in a report on Thursday, May 2nd. Morgan Stanley raised their target price on shares of Norwegian Cruise Line from $14.00 to $15.00 and gave the company an underweight rating in a report on Tuesday, March 5th. Citigroup decreased their target price on shares of Norwegian Cruise Line from $23.00 to $19.00 and set a neutral rating on the stock in a report on Monday, February 12th. Finally, The Goldman Sachs Group raised their target price on shares of Norwegian Cruise Line from $19.00 to $21.00 and gave the company a neutral rating in a report on Tuesday. One analyst has rated the stock with a sell rating, ten have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $21.00.

View Our Latest Stock Analysis on Norwegian Cruise Line

Norwegian Cruise Line Price Performance

NYSE:NCLH opened at $16.93 on Tuesday. Norwegian Cruise Line has a 52 week low of $12.70 and a 52 week high of $22.75. The firm has a market cap of $7.26 billion, a price-to-earnings ratio of 24.19, a P/E/G ratio of 0.28 and a beta of 2.59. The firm’s 50-day simple moving average is $18.36 and its 200 day simple moving average is $17.71. The company has a debt-to-equity ratio of 33.16, a quick ratio of 0.22 and a current ratio of 0.24.

Norwegian Cruise Line (NYSE:NCLHGet Free Report) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). Norwegian Cruise Line had a return on equity of 136.20% and a net margin of 3.84%. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the prior year, the business posted ($1.10) earnings per share. As a group, sell-side analysts predict that Norwegian Cruise Line will post 1.07 earnings per share for the current year.

Institutional Investors Weigh In On Norwegian Cruise Line

Hedge funds have recently added to or reduced their stakes in the business. Transcendent Capital Group LLC acquired a new stake in Norwegian Cruise Line during the 1st quarter worth approximately $27,000. YHB Investment Advisors Inc. acquired a new stake in Norwegian Cruise Line during the 1st quarter worth approximately $39,000. 1832 Asset Management L.P. acquired a new stake in Norwegian Cruise Line during the 4th quarter worth approximately $44,000. Larson Financial Group LLC boosted its position in Norwegian Cruise Line by 38.0% during the 3rd quarter. Larson Financial Group LLC now owns 3,574 shares of the company’s stock worth $59,000 after buying an additional 984 shares during the period. Finally, Parkside Financial Bank & Trust boosted its position in Norwegian Cruise Line by 85.8% during the 3rd quarter. Parkside Financial Bank & Trust now owns 3,726 shares of the company’s stock worth $61,000 after buying an additional 1,721 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

About Norwegian Cruise Line

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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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Analyst Recommendations for Norwegian Cruise Line (NYSE:NCLH)

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