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

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

A number of other brokerages have also recently issued reports on NCLH. The Goldman Sachs Group assumed coverage on shares of Norwegian Cruise Line in a report on Wednesday, March 13th. They issued a neutral rating and a $19.00 target price on the stock. Susquehanna cut their price target on Norwegian Cruise Line from $21.00 to $18.00 and set a neutral rating on the stock in a report on Thursday. Morgan Stanley upped their price objective on Norwegian Cruise Line from $14.00 to $15.00 and gave the stock an underweight rating in a research note on Tuesday, March 5th. Stifel Nicolaus reaffirmed a buy rating and issued a $25.00 target price on shares of Norwegian Cruise Line in a research report on Tuesday, April 9th. Finally, Mizuho began coverage on shares of Norwegian Cruise Line in a report on Tuesday, March 26th. They set a neutral rating and a $21.00 price target for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $20.67.

Norwegian Cruise Line Stock Performance

NCLH stock opened at $15.99 on Thursday. The stock’s 50 day simple moving average is $19.11 and its 200 day simple moving average is $17.50. Norwegian Cruise Line has a 12-month low of $12.70 and a 12-month high of $22.75. The firm has a market cap of $6.86 billion, a P/E ratio of 22.84, a P/E/G ratio of 0.33 and a beta of 2.59. The company has a current ratio of 0.24, a quick ratio of 0.19 and a debt-to-equity ratio of 33.16.

Norwegian Cruise Line (NYSE:NCLH) last issued 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 business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period last year, the company posted ($1.10) earnings per share. As a group, equities research analysts predict that Norwegian Cruise Line will post 1 EPS for the current year.

Institutional Trading of Norwegian Cruise Line

A number of hedge funds and other institutional investors have recently made changes to their positions in NCLH. Capital Research Global Investors lifted its holdings in shares of Norwegian Cruise Line by 87.8% in the fourth quarter. Capital Research Global Investors now owns 57,049,928 shares of the company’s stock valued at $1,143,285,000 after buying an additional 26,676,150 shares during the period. Vanguard Group Inc. raised its position in Norwegian Cruise Line by 2.1% in the third quarter. Vanguard Group Inc. now owns 49,697,071 shares of the company’s stock worth $819,008,000 after acquiring an additional 1,031,053 shares in the last quarter. Invesco Ltd. lifted its holdings in Norwegian Cruise Line by 22.4% in the 3rd quarter. Invesco Ltd. now owns 8,197,327 shares of the company’s stock valued at $135,092,000 after acquiring an additional 1,499,622 shares during the last quarter. Norges Bank bought a new position in shares of Norwegian Cruise Line during the 4th quarter valued at about $83,243,000. Finally, Northern Trust Corp grew its stake in shares of Norwegian Cruise Line by 3.0% in the 3rd quarter. Northern Trust Corp now owns 3,425,731 shares of the company’s stock worth $56,456,000 after purchasing an additional 100,682 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors.

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.