Macquarie Lowers Norwegian Cruise Line (NYSE:NCLH) Price Target to $27.00

Norwegian Cruise Line (NYSE:NCLH) had its price target lowered by Macquarie from $31.00 to $27.00 in a research report released on Friday,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts also recently weighed in on NCLH. Stifel Nicolaus decreased their price target on shares of Norwegian Cruise Line from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Bank of America decreased their price target on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Citigroup lifted their price target on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, February 28th. BNP Paribas started coverage on shares of Norwegian Cruise Line in a research note on Thursday, March 27th. They issued a “neutral” rating and a $21.00 price target for the company. Finally, Susquehanna decreased their price target on shares of Norwegian Cruise Line from $27.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $26.05.

Norwegian Cruise Line Trading Down 1.2%

NCLH opened at $17.66 on Friday. Norwegian Cruise Line has a twelve month low of $14.21 and a twelve month high of $29.29. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The company has a fifty day moving average of $17.98 and a 200-day moving average of $23.36. The stock has a market cap of $7.89 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 0.24 and a beta of 2.09.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.02). The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.15 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 earnings per share. On average, sell-side analysts predict that Norwegian Cruise Line will post 1.48 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NCLH. Hopwood Financial Services Inc. purchased a new position in Norwegian Cruise Line during the fourth quarter worth about $26,000. Stonebridge Financial Group LLC purchased a new position in Norwegian Cruise Line during the fourth quarter worth about $27,000. Kestra Investment Management LLC purchased a new position in Norwegian Cruise Line during the fourth quarter worth about $27,000. Rakuten Securities Inc. boosted its holdings in Norwegian Cruise Line by 176.0% during the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock worth $30,000 after purchasing an additional 739 shares during the last quarter. Finally, R Squared Ltd purchased a new position in Norwegian Cruise Line during the fourth quarter worth about $31,000. 69.58% of the stock is currently owned by hedge funds and other 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 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.