Norwegian Cruise Line (NYSE:NCLH) Given New $19.00 Price Target at Wells Fargo & Company

Norwegian Cruise Line (NYSE:NCLH) had its price objective trimmed by Wells Fargo & Company from $21.00 to $19.00 in a research report report published on Thursday morning, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

NCLH has been the subject of several other reports. Barclays reduced their target price on Norwegian Cruise Line from $21.00 to $20.00 and set an equal weight rating for the company in a research note on Thursday. Morgan Stanley raised their price target on shares of Norwegian Cruise Line from $14.00 to $15.00 and gave the stock an underweight rating in a research note on Tuesday, March 5th. Citigroup lowered their price objective on 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. StockNews.com upgraded shares of Norwegian Cruise Line from a sell rating to a hold rating in a research note on Thursday. Finally, Truist Financial increased their target price on Norwegian Cruise Line from $17.00 to $20.00 and gave the stock a hold rating in a research report on Friday, March 1st. One research analyst has rated the stock with a sell rating, nine have assigned 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.com, the stock has an average rating of Hold and a consensus target price of $20.67.

Norwegian Cruise Line Trading Up 0.3 %

NCLH traded up $0.04 during trading on Thursday, reaching $15.99. 16,210,273 shares of the company’s stock were exchanged, compared to its average volume of 12,665,303. The firm has a fifty day moving average price of $19.11 and a two-hundred day moving average price of $17.46. The stock has a market capitalization of $6.86 billion, a PE ratio of 23.06, a price-to-earnings-growth ratio of 0.34 and a beta of 2.59. Norwegian Cruise Line has a one year low of $12.70 and a one 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.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 136.20% and a net margin of 3.84%. During the same period in the prior year, the firm earned ($1.10) earnings per share. As a group, equities research analysts forecast that Norwegian Cruise Line will post 1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Norwegian Cruise Line

Hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP grew its holdings in Norwegian Cruise Line by 9.4% in the first quarter. GSA Capital Partners LLP now owns 21,922 shares of the company’s stock worth $459,000 after purchasing an additional 1,889 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Norwegian Cruise Line by 22.8% in 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 last quarter. Fidelis Capital Partners LLC bought a new position in Norwegian Cruise Line during the 1st quarter valued at approximately $61,000. Janney Montgomery Scott LLC raised 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 buying an additional 1,106 shares during the last quarter. Finally, Private Advisor Group LLC boosted its holdings 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 worth $695,000 after acquiring an additional 7,652 shares in the last quarter. 69.58% of the stock is currently owned by 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.