Norwegian Cruise Line (NYSE:NCLH) PT Lowered to $20.00

Norwegian Cruise Line (NYSE:NCLH) had its price target cut by Barclays from $21.00 to $20.00 in a research note published on Thursday, Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities analysts have also commented on the company. The Goldman Sachs Group initiated coverage on Norwegian Cruise Line in a research report on Wednesday, March 13th. They set a neutral rating and a $19.00 price target on the stock. Citigroup dropped their price objective on shares of Norwegian Cruise Line from $23.00 to $19.00 and set a neutral rating on the stock in a research note on Monday, February 12th. Mizuho started coverage on shares of Norwegian Cruise Line in a research note on Tuesday, March 26th. They issued a neutral rating and a $21.00 target price for the company. Truist Financial lifted their price target on shares of Norwegian Cruise Line from $17.00 to $20.00 and gave the stock a hold rating in a research note on Friday, March 1st. Finally, Susquehanna cut their price objective on shares of Norwegian Cruise Line from $21.00 to $18.00 and set a neutral rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $20.67.

Norwegian Cruise Line Stock Performance

Shares of NCLH stock opened at $15.99 on Thursday. 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 company has a market cap of $6.86 billion, a PE ratio of 22.84, a P/E/G ratio of 0.33 and a beta of 2.59. The company’s fifty day simple moving average is $19.11 and its 200-day simple moving average is $17.47. Norwegian Cruise Line has a 52 week low of $12.70 and a 52 week high of $22.75.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings results on Tuesday, February 27th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.05). The company had revenue of $1.99 billion during 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 quarter in the prior year, the company posted ($1.10) earnings per share. As a group, equities research analysts anticipate that Norwegian Cruise Line will post 1 EPS for the current year.

Institutional Inflows and Outflows

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