Norwegian Cruise Line (NYSE:NCLH) Price Target Lowered to $30.00 at Stifel Nicolaus

Norwegian Cruise Line (NYSE:NCLH) had its price objective reduced by equities researchers at Stifel Nicolaus from $36.00 to $30.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 83.09% from the company’s previous close.

NCLH has been the subject of several other reports. Morgan Stanley dropped their price objective on Norwegian Cruise Line from $22.00 to $21.00 and set an “equal weight” rating for the company in a report on Thursday, April 10th. Jefferies Financial Group assumed coverage on shares of Norwegian Cruise Line in a research report on Monday, March 31st. They set a “buy” rating and a $25.00 price objective for the company. Bank of America decreased their target price on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Macquarie increased their price target on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Thursday, March 6th. Finally, BNP Paribas began coverage on shares of Norwegian Cruise Line in a research report on Thursday, March 27th. They set a “neutral” rating and a $21.00 price objective for the company. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Norwegian Cruise Line has a consensus rating of “Moderate Buy” and an average target price of $28.28.

Norwegian Cruise Line Stock Performance

Shares of NYSE:NCLH opened at $16.39 on Wednesday. Norwegian Cruise Line has a 12-month low of $14.21 and a 12-month high of $29.29. The company’s 50 day moving average price is $20.52 and its two-hundred day moving average price is $23.95. The firm has a market cap of $7.21 billion, a PE ratio of 15.03, a PEG ratio of 0.24 and a beta of 2.27. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35.

Institutional Investors Weigh In On Norwegian Cruise Line

Institutional investors have recently made changes to their positions in the stock. MML Investors Services LLC increased its position in Norwegian Cruise Line by 16.0% during the 3rd quarter. MML Investors Services LLC now owns 17,439 shares of the company’s stock valued at $358,000 after purchasing an additional 2,404 shares during the period. Tidal Investments LLC increased its position in shares of Norwegian Cruise Line by 7.1% during the third quarter. Tidal Investments LLC now owns 28,425 shares of the company’s stock worth $583,000 after buying an additional 1,890 shares during the period. Synovus Financial Corp raised its stake in Norwegian Cruise Line by 7.4% during the third quarter. Synovus Financial Corp now owns 88,208 shares of the company’s stock worth $1,809,000 after buying an additional 6,072 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in Norwegian Cruise Line by 0.9% in the third quarter. Retirement Systems of Alabama now owns 95,480 shares of the company’s stock valued at $1,958,000 after buying an additional 841 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Norwegian Cruise Line by 6.2% during the third quarter. Principal Financial Group Inc. now owns 514,087 shares of the company’s stock valued at $10,544,000 after acquiring an additional 30,182 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.