UBS Group Cuts Norwegian Cruise Line (NYSE:NCLH) Price Target to $18.00

Norwegian Cruise Line (NYSE:NCLHGet Rating) had its price target lowered by investment analysts at UBS Group to $18.00 in a research note issued on Thursday, Stock Target Advisor reports. The brokerage currently has a “hold” rating on the stock. UBS Group’s price target points to a potential upside of 12.64% from the stock’s previous close.

A number of other research analysts also recently issued reports on NCLH. Macquarie dropped their price objective on Norwegian Cruise Line from $30.00 to $23.00 and set an “outperform” rating on the stock in a research note on Friday, March 4th. Wells Fargo & Company decreased their price objective on Norwegian Cruise Line from $27.00 to $21.00 in a report on Wednesday, May 11th. Credit Suisse Group decreased their price objective on Norwegian Cruise Line from $38.00 to $33.00 in a report on Wednesday, May 11th. Morgan Stanley raised Norwegian Cruise Line from an “underweight” rating to an “equal weight” rating and set a $19.00 price objective for the company in a report on Thursday, March 17th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Norwegian Cruise Line from $25.00 to $23.00 in a report on Wednesday, May 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $27.50.

NCLH stock traded up $0.08 during midday trading on Thursday, reaching $15.98. 1,314,259 shares of the stock were exchanged, compared to its average volume of 19,603,444. The stock has a market capitalization of $6.70 billion, a PE ratio of -1.51 and a beta of 2.46. Norwegian Cruise Line has a 52 week low of $14.30 and a 52 week high of $33.95. The company has a debt-to-equity ratio of 8.33, a current ratio of 0.77 and a quick ratio of 0.74. The company has a fifty day moving average price of $19.64 and a 200 day moving average price of $20.97.

Norwegian Cruise Line (NYSE:NCLHGet Rating) last released its quarterly earnings results on Tuesday, May 10th. The company reported ($1.82) EPS for the quarter, missing analysts’ consensus estimates of ($1.53) by ($0.29). Norwegian Cruise Line had a negative net margin of 353.02% and a negative return on equity of 116.64%. The company had revenue of $521.90 million during the quarter, compared to the consensus estimate of $760.34 million. During the same quarter last year, the firm posted ($2.03) EPS. The company’s quarterly revenue was up 16735.5% on a year-over-year basis. As a group, analysts anticipate that Norwegian Cruise Line will post -2.08 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NCLH. FMR LLC grew its stake in shares of Norwegian Cruise Line by 27.6% during the first quarter. FMR LLC now owns 245,566 shares of the company’s stock valued at $13,497,000 after buying an additional 53,190 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of Norwegian Cruise Line by 24.8% during the third quarter. Teacher Retirement System of Texas now owns 58,538 shares of the company’s stock valued at $1,564,000 after buying an additional 11,643 shares during the period. Alliancebernstein L.P. increased its stake in shares of Norwegian Cruise Line by 5.3% during the third quarter. Alliancebernstein L.P. now owns 469,436 shares of the company’s stock valued at $12,539,000 after buying an additional 23,553 shares during the period. IndexIQ Advisors LLC increased its stake in shares of Norwegian Cruise Line by 11.1% during the third quarter. IndexIQ Advisors LLC now owns 16,296 shares of the company’s stock valued at $435,000 after buying an additional 1,633 shares during the period. Finally, Allianz Asset Management GmbH purchased a new position in shares of Norwegian Cruise Line during the third quarter valued at approximately $4,586,000. Institutional investors and hedge funds own 56.13% of the company’s stock.

About Norwegian Cruise Line (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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