Morgan Stanley Cuts Norwegian Cruise Line (NYSE:NCLH) Price Target to $22.00

Norwegian Cruise Line (NYSE:NCLH) had its price objective lowered by Morgan Stanley from $23.00 to $22.00 in a research note published on Tuesday morning, Analyst Price Targets reports. The firm currently has an underweight rating on the stock.

NCLH has been the topic of several other research reports. Wedbush raised their price target on shares of Norwegian Cruise Line from $30.00 to $35.00 and gave the company an outperform rating in a report on Thursday, November 4th. Berenberg Bank raised their price target on shares of Norwegian Cruise Line from $25.00 to $27.00 and gave the company a hold rating in a report on Thursday, November 11th. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft raised their price target on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the company a hold rating in a report on Friday, November 5th. Finally, Citigroup assumed coverage on shares of Norwegian Cruise Line in a report on Monday, October 25th. They issued a buy rating and a $39.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $31.85.

Shares of NCLH stock opened at $22.96 on Tuesday. Norwegian Cruise Line has a 1-year low of $17.78 and a 1-year high of $34.49. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 4.12. The firm’s 50-day simple moving average is $22.12 and its 200-day simple moving average is $24.57.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings results on Wednesday, November 3rd. The company reported ($2.17) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.11) by ($0.06). Norwegian Cruise Line had a negative net margin of 2,158.84% and a negative return on equity of 74.83%. The business had revenue of $153.08 million during the quarter, compared to analysts’ expectations of $172.30 million. During the same quarter in the previous year, the business posted ($2.35) EPS. The company’s quarterly revenue was up 2248.6% on a year-over-year basis. On average, equities research analysts forecast that Norwegian Cruise Line will post -8.23 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Spire Wealth Management grew its position in shares of Norwegian Cruise Line by 354.3% during the fourth quarter. Spire Wealth Management now owns 22,093 shares of the company’s stock worth $458,000 after buying an additional 17,230 shares in the last quarter. Edge Wealth Management LLC grew its position in shares of Norwegian Cruise Line by 90.9% during the fourth quarter. Edge Wealth Management LLC now owns 10,500 shares of the company’s stock worth $218,000 after buying an additional 5,000 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in shares of Norwegian Cruise Line by 7.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 25,580 shares of the company’s stock worth $531,000 after buying an additional 1,793 shares in the last quarter. Koshinski Asset Management Inc. grew its position in shares of Norwegian Cruise Line by 115.5% during the fourth quarter. Koshinski Asset Management Inc. now owns 5,232 shares of the company’s stock worth $109,000 after buying an additional 2,804 shares in the last quarter. Finally, Wiley BROS. Aintree Capital LLC acquired a new stake in shares of Norwegian Cruise Line during the fourth quarter worth approximately $259,000. 53.77% of the stock is owned by institutional investors and hedge funds.

About Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd. engages in the provision of cruise travel services. It provides cruise experiences for travelers with itineraries in North America, Mediterranean, Baltic, Central America, Bermuda and Caribbean. It also offers an entirely inter-island itinerary in Hawaii. Its brands include Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises.

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Analyst Recommendations for Norwegian Cruise Line (NYSE:NCLH)

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