Credit Suisse Group Cuts Norwegian Cruise Line (NYSE:NCLH) Price Target to $33.00

Norwegian Cruise Line (NYSE:NCLH – Get Rating) had its price target trimmed by Credit Suisse Group from $38.00 to $33.00 in a report published on Wednesday morning, The Fly reports.

A number of other analysts have also commented on NCLH. Macquarie cut their price objective on shares of Norwegian Cruise Line from $30.00 to $23.00 and set an outperform rating on the stock in a research report on Friday, March 4th. Wells Fargo & Company initiated coverage on shares of Norwegian Cruise Line in a research report on Tuesday, March 29th. They set an overweight rating and a $27.00 price target on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Norwegian Cruise Line from $28.00 to $25.00 and set a hold rating on the stock in a research report on Friday, February 25th. Citigroup upped their price target on shares of Norwegian Cruise Line from $22.00 to $24.00 and gave the stock a neutral rating in a research report on Tuesday, April 19th. Finally, Truist Financial dropped their price target on shares of Norwegian Cruise Line from $26.00 to $20.00 and set a hold rating on the stock in a research report on Thursday, March 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $28.38.

Norwegian Cruise Line stock opened at $16.22 on Wednesday. The company has a 50 day moving average of $19.68 and a 200-day moving average of $21.16. The company has a current ratio of 0.77, a quick ratio of 0.85 and a debt-to-equity ratio of 8.33. Norwegian Cruise Line has a twelve month low of $14.30 and a twelve month high of $33.95.

Norwegian Cruise Line (NYSE:NCLH – Get Rating) last announced its quarterly earnings data on Tuesday, May 10th. The company reported ($1.82) EPS for the quarter, missing analysts’ consensus estimates of ($1.53) by ($0.29). The business had revenue of $521.90 million during the quarter, compared to the consensus estimate of $760.34 million. Norwegian Cruise Line had a negative return on equity of 116.64% and a negative net margin of 353.02%. The business’s revenue for the quarter was up 16735.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($2.03) EPS. As a group, analysts anticipate that Norwegian Cruise Line will post -2.08 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in NCLH. Wexford Capital LP acquired a new stake in Norwegian Cruise Line during the first quarter worth about $1,000,000. Renaissance Technologies LLC acquired a new stake in Norwegian Cruise Line during the first quarter worth about $4,155,000. Ariel Investments LLC grew its stake in Norwegian Cruise Line by 113.5% during the first quarter. Ariel Investments LLC now owns 3,528,503 shares of the company’s stock worth $77,203,000 after buying an additional 1,876,020 shares in the last quarter. Northern Trust Corp grew its stake in Norwegian Cruise Line by 6.3% during the first quarter. Northern Trust Corp now owns 3,272,230 shares of the company’s stock worth $71,596,000 after buying an additional 193,084 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Norwegian Cruise Line by 14.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,208,130 shares of the company’s stock worth $70,194,000 after buying an additional 399,738 shares in the last quarter. Institutional investors and hedge funds own 56.13% of the company’s stock.

Norwegian Cruise Line Company Profile (Get Rating)

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 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 locations, including destinations in Scandinavia, Russia, 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.

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