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

Norwegian Cruise Line (NYSE:NCLH) had its price target reduced by Wells Fargo & Company from $21.00 to $19.00 in a report published on Thursday, Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities research analysts have also commented on NCLH. Truist Financial upped their price objective on shares of Norwegian Cruise Line from $17.00 to $20.00 and gave the company a hold rating in a research note on Friday, March 1st. The Goldman Sachs Group assumed coverage on shares of Norwegian Cruise Line in a research report on Wednesday, March 13th. They set a neutral rating and a $19.00 price target on the stock. Mizuho started coverage on Norwegian Cruise Line in a research note on Tuesday, March 26th. They issued a neutral rating and a $21.00 price objective on the stock. Stifel Nicolaus reaffirmed a buy rating and set a $25.00 target price on shares of Norwegian Cruise Line in a research note on Tuesday, April 9th. Finally, Susquehanna lowered their target price on Norwegian Cruise Line from $21.00 to $18.00 and set a neutral rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, nine have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $20.67.

Norwegian Cruise Line Stock Up 0.3 %

Shares of NYSE:NCLH opened at $15.99 on Thursday. The firm has a market cap of $6.86 billion, a P/E ratio of 22.84, a P/E/G ratio of 0.33 and a beta of 2.59. Norwegian Cruise Line has a 12-month low of $12.70 and a 12-month high of $22.75. The business has a fifty day simple moving average of $19.11 and a 200 day simple moving average of $17.47. The company has a quick ratio of 0.19, a current ratio of 0.24 and a debt-to-equity ratio of 33.16.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NCLH. YHB Investment Advisors Inc. acquired a new stake in shares of Norwegian Cruise Line in the 1st quarter worth about $39,000. 1832 Asset Management L.P. bought a new stake in Norwegian Cruise Line during the 4th quarter worth approximately $44,000. Larson Financial Group LLC raised its stake in shares of Norwegian Cruise Line by 38.0% in the third quarter. Larson Financial Group LLC now owns 3,574 shares of the company’s stock worth $59,000 after purchasing an additional 984 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Norwegian Cruise Line by 85.8% in the third quarter. Parkside Financial Bank & Trust now owns 3,726 shares of the company’s stock worth $61,000 after purchasing an additional 1,721 shares during the last quarter. Finally, Fidelis Capital Partners LLC bought a new position in shares of Norwegian Cruise Line in the first quarter valued at approximately $61,000. 69.58% of the stock is owned by 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.