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

Norwegian Cruise Line (NYSE:NCLH) had its price objective dropped by stock analysts at Wells Fargo & Company from $21.00 to $19.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 18.82% from the stock’s previous close.

Several other research firms have also commented on NCLH. Mizuho assumed coverage on Norwegian Cruise Line in a research report on Tuesday, March 26th. They set a “neutral” rating and a $21.00 price target on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $25.00 target price on shares of Norwegian Cruise Line in a report on Tuesday, April 9th. Truist Financial boosted their target price on Norwegian Cruise Line from $17.00 to $20.00 and gave the company a “hold” rating in a report on Friday, March 1st. Barclays dropped their target price on Norwegian Cruise Line from $21.00 to $20.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Susquehanna dropped their target price on Norwegian Cruise Line from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $20.67.

Norwegian Cruise Line Trading Up 0.3 %

NCLH opened at $15.99 on Thursday. The firm has a market cap of $6.86 billion, a price-to-earnings ratio of 23.06, a price-to-earnings-growth ratio of 0.34 and a beta of 2.59. Norwegian Cruise Line has a 52 week low of $12.70 and a 52 week high of $22.75. The business’s 50 day moving average is $19.11 and its two-hundred day moving average is $17.46. 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 released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.05). The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. Norwegian Cruise Line had a return on equity of 136.20% and a net margin of 3.84%. During the same period last year, the firm earned ($1.10) EPS. On average, research analysts predict that Norwegian Cruise Line will post 1 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. YHB Investment Advisors Inc. purchased a new stake in Norwegian Cruise Line during the first quarter worth $39,000. 1832 Asset Management L.P. purchased a new stake in Norwegian Cruise Line during the fourth quarter worth $44,000. Larson Financial Group LLC boosted its position in Norwegian Cruise Line by 38.0% during 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 in the last quarter. Parkside Financial Bank & Trust boosted its position in Norwegian Cruise Line by 85.8% during 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 in the last quarter. Finally, Fidelis Capital Partners LLC purchased a new stake in Norwegian Cruise Line during the first quarter worth $61,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

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.