Norwegian Cruise Line (NYSE:NCLH) Price Target Lowered to $20.00 at Barclays

Norwegian Cruise Line (NYSE:NCLH) had its price target trimmed by Barclays from $21.00 to $20.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other analysts have also recently commented on the stock. Truist Financial upped their price target on shares of Norwegian Cruise Line from $17.00 to $20.00 and gave the company a hold rating in a research report on Friday, March 1st. The Goldman Sachs Group assumed coverage on Norwegian Cruise Line in a research note on Wednesday, March 13th. They issued a neutral rating and a $19.00 price target on the stock. Mizuho initiated coverage on shares of Norwegian Cruise Line in a research report on Tuesday, March 26th. They set a neutral rating and a $21.00 price objective for the company. 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. Finally, Wells Fargo & Company reissued an equal weight rating and set a $18.00 target price on shares of Norwegian Cruise Line in a research note on Friday, January 5th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $20.67.

Norwegian Cruise Line Trading Up 0.3 %

Shares of NCLH stock opened at $15.99 on Thursday. Norwegian Cruise Line has a 1-year low of $12.70 and a 1-year high of $22.75. The company has a current ratio of 0.24, a quick ratio of 0.19 and a debt-to-equity ratio of 33.16. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 0.33 and a beta of 2.59. The stock has a 50-day moving average of $19.11 and a 200-day moving average of $17.50.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results 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 firm had revenue of $1.99 billion for the quarter, compared to analyst estimates 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 company posted ($1.10) EPS. On average, equities research analysts forecast that Norwegian Cruise Line will post 1 earnings per share for the current year.

Hedge Funds Weigh In On Norwegian Cruise Line

Hedge funds have recently added to or reduced their stakes in the stock. YHB Investment Advisors Inc. bought a new position in shares of Norwegian Cruise Line in the first quarter valued at approximately $39,000. 1832 Asset Management L.P. purchased a new stake in Norwegian Cruise Line in the 4th quarter valued at $44,000. Larson Financial Group LLC boosted its holdings 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 acquiring an additional 984 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Norwegian Cruise Line by 85.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 3,726 shares of the company’s stock worth $61,000 after acquiring an additional 1,721 shares in the last quarter. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of Norwegian Cruise Line in the first quarter valued at about $61,000. 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.