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

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

NCLH has been the subject of several other research reports. Wells Fargo & Company reiterated an “equal weight” rating and issued a $18.00 target price on shares of Norwegian Cruise Line in a report on Friday, January 5th. The Goldman Sachs Group began coverage on shares of Norwegian Cruise Line in a research note on Wednesday, March 13th. They set a “neutral” rating and a $19.00 price target for the company. Morgan Stanley increased their price target on Norwegian Cruise Line from $14.00 to $15.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 5th. Truist Financial boosted their price target on shares of Norwegian Cruise Line from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Friday, March 1st. Finally, Mizuho initiated coverage on shares of Norwegian Cruise Line in a research report on Tuesday, March 26th. They set a “neutral” rating and a $21.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $20.60.

Norwegian Cruise Line Trading Down 0.3 %

NYSE NCLH traded down $0.05 during trading hours on Thursday, hitting $16.03. 15,792,402 shares of the company’s stock were exchanged, compared to its average volume of 12,490,686. The stock has a 50-day simple moving average of $19.12 and a 200 day simple moving average of $17.47. Norwegian Cruise Line has a 1-year low of $12.70 and a 1-year high of $22.75. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 40.94. The firm has a market cap of $6.88 billion, a price-to-earnings ratio of 57.14, a PEG ratio of 0.39 and a beta of 2.59.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Tuesday, February 27th. The company reported ($0.18) earnings per share 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 analyst estimates 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 quarter in the previous year, the company posted ($1.10) EPS. On average, equities analysts forecast that Norwegian Cruise Line will post 1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NCLH. Capital Research Global Investors boosted its stake in shares of Norwegian Cruise Line by 87.8% in the fourth quarter. Capital Research Global Investors now owns 57,049,928 shares of the company’s stock valued at $1,143,285,000 after purchasing an additional 26,676,150 shares during the period. Norges Bank acquired a new stake in Norwegian Cruise Line in the fourth quarter valued at $83,243,000. Invesco Ltd. raised its holdings in Norwegian Cruise Line by 22.4% in the third quarter. Invesco Ltd. now owns 8,197,327 shares of the company’s stock valued at $135,092,000 after acquiring an additional 1,499,622 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Norwegian Cruise Line by 58.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,105,324 shares of the company’s stock valued at $62,240,000 after acquiring an additional 1,141,086 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Norwegian Cruise Line by 2.1% in the third quarter. Vanguard Group Inc. now owns 49,697,071 shares of the company’s stock valued at $819,008,000 after acquiring an additional 1,031,053 shares in the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

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.