Norwegian Cruise Line (NYSE:NCLH) Price Target Cut to $20.00 by Analysts at Barclays

Norwegian Cruise Line (NYSE:NCLH) had its price objective lowered by research analysts at Barclays from $21.00 to $20.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential upside of 24.77% from the stock’s current price.

NCLH has been the topic of a number of other reports. Wells Fargo & Company restated an “equal weight” rating and issued a $18.00 price objective on shares of Norwegian Cruise Line in a research note on Friday, January 5th. Susquehanna lowered their price objective on Norwegian Cruise Line from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday. 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 note on Friday, March 1st. Stifel Nicolaus reissued a “buy” rating and issued a $25.00 target price on shares of Norwegian Cruise Line in a research note on Tuesday, April 9th. Finally, Citigroup cut their target price 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. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $20.60.

Norwegian Cruise Line Stock Down 0.3 %

NCLH traded down $0.05 during mid-day trading on Thursday, reaching $16.03. 15,792,402 shares of the stock were exchanged, compared to its average volume of 12,490,686. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.19 and a current ratio of 0.22. The stock has a market capitalization of $6.88 billion, a PE ratio of 57.14, a price-to-earnings-growth ratio of 0.39 and a beta of 2.59. The company has a 50 day moving average price of $19.12 and a two-hundred day moving average price of $17.47. Norwegian Cruise Line has a 1 year low of $12.70 and a 1 year high of $22.75.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). The firm 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 108.69% and a net margin of 1.94%. During the same period in the prior year, the firm earned ($1.10) earnings per share. As a group, research analysts anticipate that Norwegian Cruise Line will post 1 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NCLH. Capital Research Global Investors raised its holdings in shares of Norwegian Cruise Line by 87.8% during the 4th quarter. Capital Research Global Investors now owns 57,049,928 shares of the company’s stock worth $1,143,285,000 after acquiring an additional 26,676,150 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Norwegian Cruise Line by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 49,697,071 shares of the company’s stock valued at $819,008,000 after purchasing an additional 1,031,053 shares during the last quarter. Invesco Ltd. increased its position in shares of Norwegian Cruise Line by 22.4% during the 3rd quarter. Invesco Ltd. now owns 8,197,327 shares of the company’s stock valued at $135,092,000 after purchasing an additional 1,499,622 shares during the last quarter. Norges Bank bought a new position in shares of Norwegian Cruise Line during the 4th quarter valued at approximately $83,243,000. Finally, Northern Trust Corp increased its position in shares of Norwegian Cruise Line by 3.0% during the 3rd quarter. Northern Trust Corp now owns 3,425,731 shares of the company’s stock valued at $56,456,000 after purchasing an additional 100,682 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Company Profile

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.