Norwegian Cruise Line (NYSE:NCLH – Get Free Report) had its target price reduced by analysts at Susquehanna from $17.00 to $14.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Susquehanna’s price objective points to a potential upside of 1.38% from the stock’s current price.
NCLH has been the topic of a number of other research reports. StockNews.com raised Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research report on Friday. Wells Fargo & Company lowered their price target on Norwegian Cruise Line from $22.00 to $19.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 24th. Redburn Atlantic raised Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $25.00 price target on the stock in a research report on Thursday, September 14th. Truist Financial lowered their price target on Norwegian Cruise Line from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Tuesday, September 19th. Finally, Redburn Partners raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Thursday, September 14th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $17.96.
Get Our Latest Research Report on NCLH
Norwegian Cruise Line Stock Up 5.7 %
Norwegian Cruise Line (NYSE:NCLH – Get Free Report) last announced its earnings results on Wednesday, November 1st. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.15. Norwegian Cruise Line had a negative return on equity of 177.38% and a negative net margin of 2.60%. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same quarter last year, the firm earned ($0.70) EPS. Norwegian Cruise Line’s revenue for the quarter was up 57.0% compared to the same quarter last year. On average, analysts predict that Norwegian Cruise Line will post 0.51 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in NCLH. Vanguard Group Inc. boosted its stake in Norwegian Cruise Line by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 46,714,581 shares of the company’s stock valued at $530,678,000 after purchasing an additional 863,553 shares during the period. BlackRock Inc. boosted its stake in Norwegian Cruise Line by 1.8% in the 2nd quarter. BlackRock Inc. now owns 24,144,786 shares of the company’s stock valued at $525,632,000 after purchasing an additional 428,579 shares during the period. Capital International Investors boosted its stake in Norwegian Cruise Line by 15.7% in the 1st quarter. Capital International Investors now owns 21,242,007 shares of the company’s stock valued at $464,775,000 after purchasing an additional 2,875,079 shares during the period. State Street Corp boosted its stake in Norwegian Cruise Line by 4.3% in the 2nd quarter. State Street Corp now owns 14,087,436 shares of the company’s stock valued at $306,683,000 after purchasing an additional 583,581 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Norwegian Cruise Line by 3.4% in the 2nd quarter. Geode Capital Management LLC now owns 9,154,361 shares of the company’s stock valued at $199,000,000 after purchasing an additional 304,240 shares during the period. 60.49% 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 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 locations, including destinations in Scandinavia, Russia, 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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