Susquehanna Lowers Norwegian Cruise Line (NYSE:NCLH) Price Target to $18.00

Norwegian Cruise Line (NYSE:NCLH) had its price objective decreased by Susquehanna from $21.00 to $18.00 in a report issued on Thursday morning, Benzinga reports. Susquehanna currently has a neutral rating on the stock.

Several other equities analysts have also commented on the stock. Mizuho assumed coverage on shares of Norwegian Cruise Line in a research report on Tuesday, March 26th. They set a neutral rating and a $21.00 price objective for the company. Citigroup reduced their price objective on Norwegian Cruise Line from $23.00 to $19.00 and set a neutral rating on the stock in a research note on Monday, February 12th. Stifel Nicolaus reiterated a buy rating and issued a $25.00 target price on shares of Norwegian Cruise Line in a report on Tuesday, April 9th. Morgan Stanley increased their price target on Norwegian Cruise Line from $14.00 to $15.00 and gave the company an underweight rating in a report on Tuesday, March 5th. Finally, Barclays lifted their price objective on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the stock an equal weight rating in a research note on Wednesday, February 28th. 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. Based on data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $20.67.

Norwegian Cruise Line Stock Performance

NYSE:NCLH opened at $15.99 on Thursday. Norwegian Cruise Line has a 12-month low of $12.70 and a 12-month high of $22.75. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 33.16. The stock has a market capitalization of $6.86 billion, a P/E ratio of 22.84, a P/E/G ratio of 0.31 and a beta of 2.59. The stock has a 50-day moving average price of $19.11 and a 200 day moving average price of $17.50.

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

Institutional Investors Weigh In On Norwegian Cruise Line

Hedge funds have recently modified their holdings of the business. YHB Investment Advisors Inc. purchased a new stake in Norwegian Cruise Line during the first quarter worth $39,000. 1832 Asset Management L.P. acquired a new position in shares of Norwegian Cruise Line during the fourth quarter worth $44,000. Fidelis Capital Partners LLC purchased a new stake in shares of Norwegian Cruise Line during the 1st quarter valued at $61,000. Mendota Financial Group LLC purchased a new position in Norwegian Cruise Line during the 4th quarter worth $66,000. Finally, Larson Financial Group LLC raised its stake in Norwegian Cruise Line by 38.0% in the third quarter. Larson Financial Group LLC now owns 3,574 shares of the company’s stock valued at $59,000 after buying an additional 984 shares during the last quarter. Hedge funds and other 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.