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

Norwegian Cruise Line (NYSE:NCLH) had its price objective trimmed by Stifel Nicolaus from $36.00 to $30.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also commented on NCLH. Jefferies Financial Group assumed coverage on Norwegian Cruise Line in a research note on Monday, March 31st. They set a “buy” rating and a $25.00 price objective for the company. Bank of America reduced their price objective on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Citigroup upped their target price on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, February 28th. BNP Paribas initiated coverage on shares of Norwegian Cruise Line in a research note on Thursday, March 27th. They set a “neutral” rating and a $21.00 price objective for the company. Finally, Morgan Stanley decreased their target price on shares of Norwegian Cruise Line from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 10th. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $28.28.

Norwegian Cruise Line Stock Performance

NYSE:NCLH opened at $16.39 on Wednesday. The company has a fifty day moving average of $20.32 and a two-hundred day moving average of $23.93. Norwegian Cruise Line has a fifty-two week low of $14.21 and a fifty-two week high of $29.29. The stock has a market capitalization of $7.21 billion, a PE ratio of 15.03, a P/E/G ratio of 0.24 and a beta of 2.27. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Capital International Investors grew its position in Norwegian Cruise Line by 11.2% in the 4th quarter. Capital International Investors now owns 55,194,672 shares of the company’s stock valued at $1,420,159,000 after acquiring an additional 5,557,951 shares in the last quarter. Vanguard Group Inc. increased its stake in Norwegian Cruise Line by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company’s stock worth $1,371,596,000 after buying an additional 277,360 shares during the period. Geode Capital Management LLC lifted its holdings in Norwegian Cruise Line by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 10,793,268 shares of the company’s stock worth $277,399,000 after buying an additional 270,434 shares in the last quarter. Two Sigma Advisers LP grew its stake in shares of Norwegian Cruise Line by 99.0% in the fourth quarter. Two Sigma Advisers LP now owns 7,689,200 shares of the company’s stock worth $197,843,000 after acquiring an additional 3,824,600 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Norwegian Cruise Line by 113.1% during the fourth quarter. Renaissance Technologies LLC now owns 5,577,231 shares of the company’s stock worth $143,502,000 after acquiring an additional 2,959,631 shares during the period. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

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.