Wells Fargo & Company Trims Norwegian Cruise Line (NYSE:NCLH) Target Price to $19.00

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

Several other equities analysts have also issued reports on NCLH. StockNews.com raised Norwegian Cruise Line from a sell rating to a hold rating in a research note on Thursday. Susquehanna lowered their price objective on shares of Norwegian Cruise Line from $21.00 to $18.00 and set a neutral rating for the company in a research note on Thursday. Morgan Stanley lifted their price objective on shares of Norwegian Cruise Line from $14.00 to $15.00 and gave the company an underweight rating in a report on Tuesday, March 5th. Truist Financial increased their target price on shares of Norwegian Cruise Line from $17.00 to $20.00 and gave the stock a hold rating in a report on Friday, March 1st. Finally, Stifel Nicolaus restated a buy rating and issued a $25.00 price target on shares of Norwegian Cruise Line in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Norwegian Cruise Line has an average rating of Hold and an average target price of $20.67.

Norwegian Cruise Line Price Performance

Shares of NCLH stock opened at $15.99 on Thursday. The company has a debt-to-equity ratio of 33.16, a current ratio of 0.24 and a quick ratio of 0.19. The company has a market capitalization 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. The firm’s 50-day moving average is $19.11 and its two-hundred day moving average is $17.50. Norwegian Cruise Line has a 12 month low of $12.70 and a 12 month high of $22.75.

Norwegian Cruise Line (NYSE:NCLH) last posted its 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). Norwegian Cruise Line had a return on equity of 136.20% and a net margin of 3.84%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period last year, the business earned ($1.10) EPS. Analysts predict that Norwegian Cruise Line will post 1 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Segantii Capital Management Ltd acquired a new position in shares of Norwegian Cruise Line during the third quarter worth about $1,582,000. Deutsche Bank AG boosted its holdings in Norwegian Cruise Line by 44.3% in the 3rd quarter. Deutsche Bank AG now owns 879,293 shares of the company’s stock valued at $14,491,000 after purchasing an additional 269,849 shares in the last quarter. Bank of New York Mellon Corp increased its position in Norwegian Cruise Line by 4.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,691,795 shares of the company’s stock worth $44,361,000 after purchasing an additional 126,147 shares during the period. WealthPlan Investment Management LLC purchased a new position in shares of Norwegian Cruise Line during the 3rd quarter worth approximately $1,824,000. Finally, Mackenzie Financial Corp lifted its holdings in shares of Norwegian Cruise Line by 5,714.8% in the 3rd quarter. Mackenzie Financial Corp now owns 752,613 shares of the company’s stock valued at $11,929,000 after buying an additional 739,670 shares during the period. 69.58% of the stock is currently owned by hedge funds and other 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.