Norwegian Cruise Line (NYSE:NCLH) Price Target Lowered to $26.00 at Stifel Nicolaus

Norwegian Cruise Line (NYSE:NCLH) had its price objective dropped by analysts at Stifel Nicolaus from $30.00 to $26.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 50.03% from the company’s current price.

NCLH has been the subject of several other reports. Bank of America reduced their price objective on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Northcoast Research assumed coverage on Norwegian Cruise Line in a report on Friday, April 25th. They set a “buy” rating and a $21.00 price target on the stock. Loop Capital raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Monday, April 21st. Jefferies Financial Group began coverage on shares of Norwegian Cruise Line in a research note on Monday, March 31st. They set a “buy” rating and a $25.00 target price on the stock. Finally, Tigress Financial reaffirmed a “strong-buy” rating and issued a $36.00 price target on shares of Norwegian Cruise Line in a research note on Tuesday, March 11th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $26.32.

Norwegian Cruise Line Price Performance

Shares of NCLH opened at $17.33 on Thursday. Norwegian Cruise Line has a 12 month low of $14.21 and a 12 month high of $29.29. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The stock has a fifty day moving average price of $18.52 and a 200 day moving average price of $23.59. The company has a market cap of $7.62 billion, a P/E ratio of 15.90, a PEG ratio of 0.24 and a beta of 2.27.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Apollon Wealth Management LLC purchased a new position in Norwegian Cruise Line during the 4th quarter valued at about $272,000. Cookson Peirce & Co. Inc. acquired a new position in Norwegian Cruise Line in the 4th quarter valued at approximately $654,000. Jupiter Asset Management Ltd. lifted its position in Norwegian Cruise Line by 365.5% in the 4th quarter. Jupiter Asset Management Ltd. now owns 2,168,658 shares of the company’s stock worth $55,800,000 after buying an additional 1,702,748 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake 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 buying an additional 47,507 shares during the period. Finally, Park Avenue Securities LLC purchased a new position in shares of Norwegian Cruise Line during the 4th quarter valued at $416,000. 69.58% of the stock is owned by institutional investors and hedge funds.

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.