Norwegian Cruise Line (NYSE:NCLH) Given New $20.00 Price Target at Deutsche Bank Aktiengesellschaft

Norwegian Cruise Line (NYSE:NCLH) had its price objective lifted by Deutsche Bank Aktiengesellschaft from $18.00 to $20.00 in a research report report published on Tuesday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

A number of other analysts have also recently weighed in on NCLH. Mizuho started coverage on Norwegian Cruise Line in a research report on Tuesday, March 26th. They issued a neutral rating and a $21.00 price objective for the company. Barclays reduced their target price on Norwegian Cruise Line from $21.00 to $20.00 and set an equal weight rating for the company in a research note on Thursday, May 2nd. Stifel Nicolaus raised their target price on Norwegian Cruise Line from $25.00 to $26.00 and gave the stock a buy rating in a research note on Tuesday. Wells Fargo & Company reduced their target price on Norwegian Cruise Line from $21.00 to $19.00 and set an equal weight rating for the company in a research note on Thursday, May 2nd. Finally, Morgan Stanley raised their target price on Norwegian Cruise Line from $14.00 to $15.00 and gave the stock an underweight rating in a research note on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, ten have given 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, Norwegian Cruise Line currently has an average rating of Hold and an average price target of $21.00.

Norwegian Cruise Line Stock Down 0.1 %

Norwegian Cruise Line stock opened at $16.93 on Tuesday. The company has a debt-to-equity ratio of 33.16, a current ratio of 0.24 and a quick ratio of 0.22. The stock has a market capitalization of $7.26 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 0.28 and a beta of 2.59. Norwegian Cruise Line has a 1-year low of $12.70 and a 1-year high of $22.75. The business has a fifty day moving average price of $18.36 and a 200-day moving average price of $17.71.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. Norwegian Cruise Line had a return on equity of 136.20% and a net margin of 3.84%. During the same period in the previous year, the business earned ($1.10) EPS. Equities research analysts forecast that Norwegian Cruise Line will post 1.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Norwegian Cruise Line

Institutional investors and hedge funds have recently modified their holdings of the business. Segantii Capital Management Ltd purchased a new position in shares of Norwegian Cruise Line in the 3rd quarter valued at about $1,582,000. Deutsche Bank AG increased its stake in shares of Norwegian Cruise Line by 44.3% in the 3rd quarter. Deutsche Bank AG now owns 879,293 shares of the company’s stock valued at $14,491,000 after purchasing an additional 269,849 shares in the last quarter. WealthPlan Investment Management LLC purchased a new position in shares of Norwegian Cruise Line in the 3rd quarter valued at about $1,824,000. AGF Management Ltd. increased its stake in shares of Norwegian Cruise Line by 27.6% in the 4th quarter. AGF Management Ltd. now owns 625,438 shares of the company’s stock valued at $12,534,000 after purchasing an additional 135,121 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Norwegian Cruise Line by 2.9% in the 3rd quarter. Victory Capital Management Inc. now owns 1,229,174 shares of the company’s stock valued at $20,257,000 after purchasing an additional 34,788 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

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.