Norwegian Cruise Line (NYSE:NCLH) PT Lowered to $21.00

Norwegian Cruise Line (NYSE:NCLHGet Rating) had its price objective cut by investment analysts at Wells Fargo & Company from $27.00 to $21.00 in a research note issued to investors on Wednesday, The Fly reports. Wells Fargo & Company‘s price objective suggests a potential upside of 29.55% from the company’s current price.

A number of other research analysts have also recently issued reports on the stock. Credit Suisse Group lowered their price target on shares of Norwegian Cruise Line from $38.00 to $33.00 in a research report on Wednesday. Citigroup lifted their target price on shares of Norwegian Cruise Line from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, April 19th. Macquarie reduced their price objective on Norwegian Cruise Line from $30.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, March 4th. Deutsche Bank Aktiengesellschaft dropped their target price on Norwegian Cruise Line from $28.00 to $25.00 and set a “hold” rating on the stock in a report on Friday, February 25th. Finally, Truist Financial lowered their price target on Norwegian Cruise Line from $26.00 to $20.00 and set a “hold” rating for the company in a research report on Thursday, March 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $28.38.

Norwegian Cruise Line stock opened at $16.21 on Wednesday. Norwegian Cruise Line has a fifty-two week low of $14.90 and a fifty-two week high of $33.95. The stock’s 50 day simple moving average is $19.78 and its two-hundred day simple moving average is $21.35. The company has a debt-to-equity ratio of 4.76, a quick ratio of 0.85 and a current ratio of 0.89. The stock has a market cap of $6.76 billion, a price-to-earnings ratio of -1.31 and a beta of 2.46.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. ProShare Advisors LLC boosted its stake in shares of Norwegian Cruise Line by 9.5% in the 1st quarter. ProShare Advisors LLC now owns 80,043 shares of the company’s stock worth $1,751,000 after buying an additional 6,976 shares during the last quarter. TD Asset Management Inc. lifted its holdings in Norwegian Cruise Line by 12.9% in the first quarter. TD Asset Management Inc. now owns 76,173 shares of the company’s stock valued at $1,667,000 after acquiring an additional 8,720 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in Norwegian Cruise Line by 6.5% in the first quarter. Mercer Global Advisors Inc. ADV now owns 17,904 shares of the company’s stock worth $392,000 after purchasing an additional 1,093 shares during the last quarter. Fluent Financial LLC boosted its position in Norwegian Cruise Line by 5.1% in the first quarter. Fluent Financial LLC now owns 83,597 shares of the company’s stock worth $1,835,000 after purchasing an additional 4,070 shares during the last quarter. Finally, SSI Investment Management LLC bought a new stake in shares of Norwegian Cruise Line during the 1st quarter valued at about $203,000. 56.13% of the stock is owned by hedge funds and other institutional investors.

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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