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

Norwegian Cruise Line (NYSE:NCLH) had its price objective lowered by Barclays from $21.00 to $20.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target indicates a potential upside of 25.08% from the stock’s previous close.

A number of other research firms also recently issued reports on NCLH. Mizuho assumed coverage on shares of Norwegian Cruise Line in a report on Tuesday, March 26th. They set a “neutral” rating and a $21.00 price objective for the company. Truist Financial lifted their price target on Norwegian Cruise Line from $17.00 to $20.00 and gave the stock a “hold” rating in a research note on Friday, March 1st. Susquehanna reduced their price objective on Norwegian Cruise Line from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday. Morgan Stanley boosted their target price on Norwegian Cruise Line from $14.00 to $15.00 and gave the stock an “underweight” rating in a research report on Tuesday, March 5th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $25.00 price target on shares of Norwegian Cruise Line in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus 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, hitting $15.99. 17,016,675 shares of the company’s stock were exchanged, compared to its average volume of 13,771,958. The company has a market cap of $6.86 billion, a P/E ratio of 22.84, a PEG ratio of 0.33 and a beta of 2.59. The company has a debt-to-equity ratio of 33.16, a quick ratio of 0.19 and a current ratio of 0.24. The stock has a 50-day moving average price of $19.11 and a two-hundred day moving average price of $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 issued its quarterly earnings data on Tuesday, February 27th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.05). The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations 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, equities research analysts forecast that Norwegian Cruise Line will post 1 earnings per share for the current year.

Institutional Investors Weigh In On Norwegian Cruise Line

Several institutional investors and hedge funds have recently bought and sold shares of the business. Segantii Capital Management Ltd purchased a new position in shares of Norwegian Cruise Line during the third quarter valued at approximately $1,582,000. Deutsche Bank AG boosted its holdings in Norwegian Cruise Line by 44.3% in the third quarter. Deutsche Bank AG now owns 879,293 shares of the company’s stock valued at $14,491,000 after acquiring an additional 269,849 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Norwegian Cruise Line by 4.9% in the third quarter. Bank of New York Mellon Corp now owns 2,691,795 shares of the company’s stock valued at $44,361,000 after acquiring an additional 126,147 shares in the last quarter. WealthPlan Investment Management LLC purchased a new position in Norwegian Cruise Line during the 3rd quarter valued at $1,824,000. Finally, Mackenzie Financial Corp raised its holdings in Norwegian Cruise Line by 5,714.8% in the 3rd quarter. Mackenzie Financial Corp now owns 752,613 shares of the company’s stock worth $11,929,000 after purchasing an additional 739,670 shares in the last quarter. Hedge funds and other 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.