Macquarie Forecasts Strong Price Appreciation for Norwegian Cruise Line (NYSE:NCLH) Stock

Norwegian Cruise Line (NYSE:NCLH - Free Report) had its price target raised by Macquarie from $30.00 to $31.00 in a research report released on Thursday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also weighed in on the company. UBS Group lifted their price objective on Norwegian Cruise Line from $19.00 to $29.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Truist Financial boosted their price target on Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a "buy" rating in a research note on Monday, December 2nd. Citigroup boosted their price target on Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Morgan Stanley boosted their price target on Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an "underweight" rating in a research note on Tuesday, November 12th. Finally, Bank of America boosted their price target on Norwegian Cruise Line from $26.00 to $29.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $29.19.

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Norwegian Cruise Line Stock Performance

NCLH traded up $0.05 during trading on Thursday, reaching $20.05. The company's stock had a trading volume of 18,195,318 shares, compared to its average volume of 11,063,078. Norwegian Cruise Line has a 52-week low of $14.69 and a 52-week high of $29.29. The company's fifty day moving average price is $25.77 and its 200-day moving average price is $24.19. The company has a market capitalization of $8.82 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Prestige Wealth Management Group LLC raised its holdings in Norwegian Cruise Line by 192.3% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company's stock valued at $25,000 after acquiring an additional 800 shares during the last quarter. Hopwood Financial Services Inc. acquired a new position in Norwegian Cruise Line in the 4th quarter valued at $26,000. Stonebridge Financial Group LLC acquired a new position in Norwegian Cruise Line in the 4th quarter valued at $27,000. Kestra Investment Management LLC acquired a new position in Norwegian Cruise Line in the 4th quarter valued at $27,000. Finally, Rakuten Securities Inc. raised its holdings in Norwegian Cruise Line by 176.0% in the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock valued at $30,000 after acquiring an additional 739 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

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.