Loop Capital Issues Pessimistic Forecast for Norwegian Cruise Line (NYSE:NCLH) Stock Price

Norwegian Cruise Line (NYSE:NCLH) had its price objective dropped by research analysts at Loop Capital from $25.00 to $24.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Loop Capital’s price objective would indicate a potential upside of 38.49% from the stock’s previous close.

Several other brokerages have also issued reports on NCLH. Citigroup raised their target price on Norwegian Cruise Line from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Stifel Nicolaus lowered their price objective on shares of Norwegian Cruise Line from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday. The Goldman Sachs Group reduced their target price on shares of Norwegian Cruise Line from $31.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Jefferies Financial Group began coverage on shares of Norwegian Cruise Line in a report on Monday, March 31st. They issued a “buy” rating and a $25.00 price target on the stock. Finally, BNP Paribas started coverage on Norwegian Cruise Line in a research note on Thursday, March 27th. They issued a “neutral” rating and a $21.00 price objective on the stock. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Norwegian Cruise Line has an average rating of “Moderate Buy” and a consensus price target of $26.32.

Norwegian Cruise Line Stock Performance

NYSE NCLH opened at $17.33 on Thursday. The company has a fifty day moving average price of $18.52 and a 200-day moving average price of $23.59. The firm has a market cap of $7.62 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 0.24 and a beta of 2.27. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. Norwegian Cruise Line has a 1 year low of $14.21 and a 1 year high of $29.29.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same quarter last year, the business posted $0.16 EPS. The company’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, equities research analysts predict that Norwegian Cruise Line will post 1.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Hopwood Financial Services Inc. bought a new stake in Norwegian Cruise Line in the fourth quarter worth $26,000. Stonebridge Financial Group LLC bought a new stake in shares of Norwegian Cruise Line in the 4th quarter valued at about $27,000. Kestra Investment Management LLC bought a new position in Norwegian Cruise Line during the 4th quarter worth approximately $27,000. Rakuten Securities Inc. increased its stake in Norwegian Cruise Line by 176.0% in the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock worth $30,000 after purchasing an additional 739 shares during the period. Finally, R Squared Ltd bought a new stake in Norwegian Cruise Line in the fourth quarter valued at approximately $31,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

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.