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

Norwegian Cruise Line (NYSE:NCLH) had its price objective lowered by Wells Fargo & Company from $21.00 to $19.00 in a research note published on Thursday morning, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

NCLH has been the subject of a number of other research reports. Barclays lowered their target price on shares of Norwegian Cruise Line from $21.00 to $20.00 and set an equal weight rating for the company in a research note on Thursday. Susquehanna dropped their price objective on Norwegian Cruise Line from $21.00 to $18.00 and set a neutral rating on the stock in a report on Thursday. Mizuho began coverage on Norwegian Cruise Line in a research report on Tuesday, March 26th. They set a neutral rating and a $21.00 target price on the stock. Truist Financial upped their price target on Norwegian Cruise Line from $17.00 to $20.00 and gave the company a hold rating in a report on Friday, March 1st. Finally, StockNews.com raised shares of Norwegian Cruise Line from a sell rating to a hold rating in a report on Thursday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Norwegian Cruise Line currently has an average rating of Hold and an average price target of $20.67.

Norwegian Cruise Line Stock Up 0.3 %

NYSE NCLH traded up $0.04 during trading hours on Thursday, hitting $15.99. 16,210,273 shares of the company were exchanged, compared to its average volume of 12,665,303. The company has a 50 day moving average of $19.11 and a two-hundred day moving average of $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. The firm has a market cap of $6.86 billion, a price-to-earnings ratio of 23.06, a PEG 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.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results on Tuesday, February 27th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). Norwegian Cruise Line had a return on equity of 136.20% and a net margin of 3.84%. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the previous year, the company posted ($1.10) earnings per share. Equities research analysts anticipate that Norwegian Cruise Line will post 1 earnings per share for the current year.

Institutional Trading of Norwegian Cruise Line

Hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its position in Norwegian Cruise Line by 2.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 21,605 shares of the company’s stock worth $452,000 after purchasing an additional 537 shares during the period. State of Michigan Retirement System raised its position in Norwegian Cruise Line by 0.7% in the fourth quarter. State of Michigan Retirement System now owns 116,479 shares of the company’s stock worth $2,334,000 after acquiring an additional 800 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Norwegian Cruise Line by 20.7% in the first quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock valued at $109,000 after acquiring an additional 888 shares during the period. Avantax Advisory Services Inc. boosted its position in shares of Norwegian Cruise Line by 1.0% during the 3rd quarter. Avantax Advisory Services Inc. now owns 89,063 shares of the company’s stock worth $1,468,000 after purchasing an additional 909 shares in the last quarter. Finally, Redmont Wealth Advisors LLC grew its stake in shares of Norwegian Cruise Line by 2.4% during the 3rd quarter. Redmont Wealth Advisors LLC now owns 39,073 shares of the company’s stock worth $644,000 after purchasing an additional 911 shares during the period. 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.