Norwegian Cruise Line (NYSE:NCLH) Price Target Lowered to $20.00 at Morgan Stanley

Norwegian Cruise Line (NYSE:NCLH) had its target price reduced by Morgan Stanley from $21.00 to $20.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 15.33% from the company’s current price.

Several other research firms also recently weighed in on NCLH. Melius Research raised Norwegian Cruise Line to a “strong-buy” rating in a research report on Monday, April 21st. Bank of America dropped their price objective on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Macquarie boosted their price objective on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the company an “outperform” rating in a research report on Thursday, March 6th. Citigroup raised their target price on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Finally, StockNews.com lowered Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research note on Saturday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Norwegian Cruise Line presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.26.

Norwegian Cruise Line Price Performance

Shares of NCLH stock traded down $0.03 during mid-day trading on Tuesday, reaching $17.34. The stock had a trading volume of 4,389,540 shares, compared to its average volume of 12,730,047. Norwegian Cruise Line has a 12-month low of $14.21 and a 12-month high of $29.29. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The business has a 50-day simple moving average of $18.37 and a 200 day simple moving average of $23.53. The company has a market cap of $7.69 billion, a P/E ratio of 15.93, a price-to-earnings-growth ratio of 0.24 and a beta of 2.09.

Norwegian Cruise Line (NYSE:NCLH) last announced its earnings results on Wednesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.15 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The business’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 EPS. On average, sell-side analysts anticipate that Norwegian Cruise Line will post 1.48 earnings per share for the current year.

Institutional Investors Weigh In On Norwegian Cruise Line

Institutional investors have recently modified their holdings of the business. United Capital Financial Advisors LLC lifted its holdings in shares of Norwegian Cruise Line by 3.7% in the 4th quarter. United Capital Financial Advisors LLC now owns 13,928 shares of the company’s stock worth $358,000 after purchasing an additional 498 shares during the last quarter. Scotia Capital Inc. increased its position in Norwegian Cruise Line by 0.5% in the fourth quarter. Scotia Capital Inc. now owns 113,778 shares of the company’s stock worth $2,928,000 after buying an additional 540 shares during the period. Quadrant Capital Group LLC lifted its stake in Norwegian Cruise Line by 35.0% in the fourth quarter. Quadrant Capital Group LLC now owns 2,524 shares of the company’s stock valued at $65,000 after buying an additional 654 shares during the last quarter. Burns Matteson Capital Management LLC boosted its holdings in shares of Norwegian Cruise Line by 4.0% during the first quarter. Burns Matteson Capital Management LLC now owns 17,618 shares of the company’s stock valued at $334,000 after acquiring an additional 677 shares during the period. Finally, Rakuten Securities Inc. grew its position in shares of Norwegian Cruise Line by 176.0% during the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock worth $30,000 after acquiring an additional 739 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

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.