Norwegian Cruise Line (NYSE:NCLH) Price Target Cut to $19.00

Norwegian Cruise Line (NYSE:NCLH) had its price objective decreased by research analysts at Wells Fargo & Company from $21.00 to $19.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 18.82% from the stock’s current price.

A number of other analysts have also issued reports on the stock. Morgan Stanley boosted their target price on shares of Norwegian Cruise Line from $14.00 to $15.00 and gave the company an “underweight” rating in a research note on Tuesday, March 5th. Citigroup lowered their price objective on shares of Norwegian Cruise Line from $23.00 to $19.00 and set a “neutral” rating for the company in a research note on Monday, February 12th. StockNews.com raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Thursday. The Goldman Sachs Group assumed coverage on shares of Norwegian Cruise Line in a research note on Wednesday, March 13th. They issued a “neutral” rating and a $19.00 price objective for the company. Finally, Susquehanna lowered their price objective on shares of Norwegian Cruise Line from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday. One analyst has rated the stock with a sell rating, nine have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $20.67.

Norwegian Cruise Line Trading Up 0.3 %

NCLH stock opened at $15.99 on Thursday. The company has a quick ratio of 0.19, a current ratio of 0.24 and a debt-to-equity ratio of 33.16. Norwegian Cruise Line has a twelve month low of $12.70 and a twelve month high of $22.75. The stock has a market capitalization of $6.86 billion, a price-to-earnings ratio of 23.06, a price-to-earnings-growth ratio of 0.34 and a beta of 2.59. The firm’s fifty day simple moving average is $19.11 and its two-hundred day simple moving average is $17.46.

Norwegian Cruise Line (NYSE:NCLH) last issued its earnings results on Tuesday, February 27th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Norwegian Cruise Line had a net margin of 3.84% and a return on equity of 136.20%. During the same period in the prior year, the firm posted ($1.10) earnings per share. As a group, analysts anticipate that Norwegian Cruise Line will post 1 earnings per share for the current year.

Hedge Funds Weigh In On Norwegian Cruise Line

Several hedge funds have recently modified their holdings of the stock. Capital Research Global Investors increased its holdings in shares of Norwegian Cruise Line by 87.8% during the fourth quarter. Capital Research Global Investors now owns 57,049,928 shares of the company’s stock valued at $1,143,285,000 after acquiring an additional 26,676,150 shares in the last quarter. Vanguard Group Inc. increased its holdings in Norwegian Cruise Line by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 49,697,071 shares of the company’s stock worth $819,008,000 after buying an additional 1,031,053 shares during the period. Invesco Ltd. increased its holdings in Norwegian Cruise Line by 22.4% in the 3rd quarter. Invesco Ltd. now owns 8,197,327 shares of the company’s stock worth $135,092,000 after buying an additional 1,499,622 shares during the period. Norges Bank acquired a new position in Norwegian Cruise Line in the 4th quarter worth approximately $83,243,000. Finally, Northern Trust Corp increased its holdings in Norwegian Cruise Line by 3.0% in the 3rd quarter. Northern Trust Corp now owns 3,425,731 shares of the company’s stock worth $56,456,000 after buying an additional 100,682 shares during the period. Institutional investors and hedge funds 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.