Norwegian Cruise Line (NYSE:NCLH) Price Target Cut to $27.00 by Analysts at Truist Financial

Norwegian Cruise Line (NYSE:NCLH) had its price target reduced by Truist Financial from $35.00 to $27.00 in a research note published on Monday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

NCLH has been the topic of several other reports. Citigroup raised their target price on Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Stifel Nicolaus lowered their price objective on Norwegian Cruise Line from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. StockNews.com cut Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research report on Saturday, May 3rd. JPMorgan Chase & Co. raised Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 price objective on the stock in a research report on Monday, March 17th. Finally, Northcoast Research assumed coverage on Norwegian Cruise Line in a research report on Friday, April 25th. They set a “buy” rating and a $21.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $25.63.

Norwegian Cruise Line Trading Down 2.0%

Shares of NYSE:NCLH opened at $18.88 on Monday. The stock has a market capitalization of $8.44 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 0.24 and a beta of 2.09. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. The stock’s 50-day simple moving average is $17.93 and its two-hundred day simple moving average is $23.16. Norwegian Cruise Line has a 52-week low of $14.21 and a 52-week high of $29.29.

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

Institutional Trading of Norwegian Cruise Line

Large investors have recently added to or reduced their stakes in the company. Apollon Wealth Management LLC bought a new stake in Norwegian Cruise Line in the 4th quarter worth approximately $272,000. Cookson Peirce & Co. Inc. bought a new position in shares of Norwegian Cruise Line during the 4th quarter valued at approximately $654,000. Jupiter Asset Management Ltd. increased its position in shares of Norwegian Cruise Line by 365.5% during the 4th quarter. Jupiter Asset Management Ltd. now owns 2,168,658 shares of the company’s stock valued at $55,800,000 after purchasing an additional 1,702,748 shares during the last quarter. Granahan Investment Management LLC bought a new position in shares of Norwegian Cruise Line during the 4th quarter valued at approximately $7,634,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Norwegian Cruise Line by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,547,816 shares of the company’s stock valued at $91,285,000 after purchasing an additional 47,507 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

About Norwegian Cruise Line

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.