Norwegian Cruise Line (NYSE:NCLH) Price Target Cut to $33.00

Norwegian Cruise Line (NYSE:NCLHGet Rating) had its price target cut by investment analysts at Credit Suisse Group from $38.00 to $33.00 in a report issued on Wednesday, The Fly reports. Credit Suisse Group’s target price would suggest a potential upside of 103.58% from the stock’s current price.

Other analysts also recently issued research reports about the company. Truist Financial lowered their target price on Norwegian Cruise Line from $26.00 to $20.00 and set a “hold” rating on the stock in a research note on Thursday, March 17th. Citigroup upped their price objective on Norwegian Cruise Line from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 19th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Norwegian Cruise Line from $28.00 to $25.00 and set a “hold” rating for the company in a report on Friday, February 25th. Morgan Stanley raised shares of Norwegian Cruise Line from an “underweight” rating to an “equal weight” rating and set a $19.00 price target on the stock in a report on Thursday, March 17th. Finally, Wells Fargo & Company initiated coverage on shares of Norwegian Cruise Line in a report on Tuesday, March 29th. They issued an “overweight” rating and a $27.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Norwegian Cruise Line currently has an average rating of “Hold” and a consensus price target of $28.38.

NCLH opened at $16.21 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 4.76. Norwegian Cruise Line has a 12-month low of $14.90 and a 12-month high of $33.95. The firm has a 50 day moving average of $19.78 and a two-hundred day moving average of $21.35. The firm has a market capitalization of $6.76 billion, a PE ratio of -1.31 and a beta of 2.46.

Norwegian Cruise Line (NYSE:NCLHGet Rating) last released its quarterly earnings data on Tuesday, May 10th. The company reported ($1.82) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.53) by ($0.29). The business had revenue of $521.90 million during the quarter, compared to analyst estimates of $760.34 million. Norwegian Cruise Line had a negative return on equity of 87.97% and a negative net margin of 695.48%. The firm’s revenue was up 16735.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($2.03) EPS. As a group, analysts predict that Norwegian Cruise Line will post -2.08 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of NCLH. Pinnacle Financial Partners Inc. acquired a new position in shares of Norwegian Cruise Line during the fourth quarter valued at approximately $26,000. MCF Advisors LLC lifted its holdings in Norwegian Cruise Line by 298.4% in the 3rd quarter. MCF Advisors LLC now owns 1,012 shares of the company’s stock valued at $27,000 after purchasing an additional 758 shares in the last quarter. US Asset Management LLC acquired a new stake in Norwegian Cruise Line during the 1st quarter worth $28,000. Eagle Bay Advisors LLC purchased a new stake in shares of Norwegian Cruise Line during the third quarter worth $29,000. Finally, Sterling Investment Advisors Ltd. acquired a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at about $29,000. Institutional investors own 56.13% of the company’s stock.

Norwegian Cruise Line Company Profile (Get Rating)

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 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 locations, including destinations in Scandinavia, Russia, 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.

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