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

Norwegian Cruise Line (NYSE:NCLH) had its price objective decreased by Barclays from $21.00 to $20.00 in a report published on Thursday morning, Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other equities analysts have also weighed in on NCLH. Susquehanna lowered their target price on Norwegian Cruise Line from $21.00 to $18.00 and set a neutral rating on the stock in a research note on Thursday. The Goldman Sachs Group assumed coverage on Norwegian Cruise Line in a report on Wednesday, March 13th. They set a neutral rating and a $19.00 target price for the company. Mizuho started coverage on shares of Norwegian Cruise Line in a research note on Tuesday, March 26th. They issued a neutral rating and a $21.00 price target on the stock. Stifel Nicolaus reaffirmed a buy rating and set a $25.00 price target on shares of Norwegian Cruise Line in a research report on Tuesday, April 9th. Finally, Citigroup cut their price objective on shares of Norwegian Cruise Line from $23.00 to $19.00 and set a neutral rating for the company in a report on Monday, February 12th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus target price of $20.67.

Norwegian Cruise Line Stock Performance

Shares of NYSE:NCLH traded up $0.04 on Thursday, hitting $15.99. The company had a trading volume of 17,016,675 shares, compared to its average volume of 13,771,958. The stock has a 50 day moving average price of $19.11 and a 200 day moving average price of $17.47. The company has a current ratio of 0.24, a quick ratio of 0.19 and a debt-to-equity ratio of 33.16. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 22.84, a P/E/G ratio of 0.33 and a beta of 2.59. 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 announced its quarterly earnings results on Tuesday, February 27th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. Norwegian Cruise Line had a net margin of 3.84% and a return on equity of 136.20%. During the same quarter last year, the company posted ($1.10) EPS. Analysts expect that Norwegian Cruise Line will post 1 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Segantii Capital Management Ltd bought a new stake in Norwegian Cruise Line during the third quarter worth $1,582,000. Deutsche Bank AG raised its holdings in shares of Norwegian Cruise Line by 44.3% during the 3rd quarter. Deutsche Bank AG now owns 879,293 shares of the company’s stock worth $14,491,000 after buying an additional 269,849 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of 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 buying an additional 126,147 shares during the last quarter. WealthPlan Investment Management LLC acquired a new stake in Norwegian Cruise Line in the third quarter valued at about $1,824,000. Finally, Mackenzie Financial Corp grew its position in Norwegian Cruise Line by 5,714.8% in the third quarter. Mackenzie Financial Corp now owns 752,613 shares of the company’s stock valued at $11,929,000 after acquiring an additional 739,670 shares during the last quarter. 69.58% of the stock is owned by 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.