Norwegian Cruise Line (NYSE:NCLH) Price Target Cut to $18.00

Norwegian Cruise Line (NYSE:NCLH) had its price target dropped by stock analysts at Susquehanna from $21.00 to $18.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Susquehanna’s target price would suggest a potential upside of 12.57% from the company’s current price.

NCLH has been the topic of a number of other reports. Wells Fargo & Company reissued an “equal weight” rating and set a $18.00 target price on shares of Norwegian Cruise Line in a report on Friday, January 5th. Barclays increased their price objective on Norwegian Cruise Line from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, February 28th. Mizuho started coverage on Norwegian Cruise Line in a report on Tuesday, March 26th. They set a “neutral” rating and a $21.00 target price on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $25.00 price target on shares of Norwegian Cruise Line in a research note on Tuesday, April 9th. Finally, The Goldman Sachs Group initiated coverage on Norwegian Cruise Line in a research note on Wednesday, March 13th. They issued a “neutral” rating and a $19.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Norwegian Cruise Line presently has an average rating of “Hold” and an average price target of $20.67.

Norwegian Cruise Line Price Performance

Norwegian Cruise Line stock traded up $0.04 during midday trading on Thursday, reaching $15.99. The company’s stock had a trading volume of 17,016,675 shares, compared to its average volume of 13,771,958. 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 PE ratio of 22.84, a price-to-earnings-growth ratio of 0.33 and a beta of 2.59. Norwegian Cruise Line has a 52 week low of $12.70 and a 52 week high of $22.75. The business has a 50-day moving average price of $19.11 and a 200-day moving average price of $17.47.

Norwegian Cruise Line (NYSE:NCLH) last posted 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 company had revenue of $1.99 billion for the quarter, compared to the consensus estimate 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 firm posted ($1.10) EPS. On average, sell-side analysts predict that Norwegian Cruise Line will post 1 EPS for the current year.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of large investors have recently bought and sold shares of NCLH. GSA Capital Partners LLP raised its holdings in shares of Norwegian Cruise Line by 9.4% during the first quarter. GSA Capital Partners LLP now owns 21,922 shares of the company’s stock valued at $459,000 after purchasing an additional 1,889 shares during the period. Daiwa Securities Group Inc. raised its stake in Norwegian Cruise Line by 22.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 14,002 shares of the company’s stock worth $293,000 after buying an additional 2,603 shares during the period. Fidelis Capital Partners LLC bought a new position in Norwegian Cruise Line in the first quarter worth approximately $61,000. Janney Montgomery Scott LLC boosted its holdings in Norwegian Cruise Line by 2.5% in the first quarter. Janney Montgomery Scott LLC now owns 45,532 shares of the company’s stock worth $953,000 after acquiring an additional 1,106 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in Norwegian Cruise Line by 30.0% in the first quarter. Private Advisor Group LLC now owns 33,192 shares of the company’s stock valued at $695,000 after acquiring an additional 7,652 shares during the period. 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.