UBS Group Cuts Norwegian Cruise Line (NYSE:NCLH) Price Target to $23.00

Norwegian Cruise Line (NYSE:NCLH) had its target price cut by UBS Group from $29.00 to $23.00 in a research note released on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other analysts have also recently issued reports about the company. BNP Paribas started coverage on Norwegian Cruise Line in a research report on Thursday, March 27th. They issued a “neutral” rating and a $21.00 price target on the stock. Argus restated a “hold” rating on shares of Norwegian Cruise Line in a report on Wednesday, June 18th. Northcoast Research started coverage on shares of Norwegian Cruise Line in a report on Friday, April 25th. They issued a “buy” rating and a $21.00 price objective for the company. Wall Street Zen lowered shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a report on Saturday, May 3rd. Finally, Susquehanna decreased their price objective on shares of Norwegian Cruise Line from $27.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.84.

Norwegian Cruise Line Stock Performance

Shares of NCLH opened at $21.35 on Monday. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 9.09. The business’s 50 day moving average price is $18.40 and its 200-day moving average price is $21.39. Norwegian Cruise Line has a 52 week low of $14.21 and a 52 week high of $29.29. The stock has a market cap of $9.54 billion, a P/E ratio of 12.34, a P/E/G ratio of 0.36 and a beta of 2.13.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). Norwegian Cruise Line had a return on equity of 66.78% and a net margin of 9.05%. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the prior year, the firm earned $0.16 earnings per share. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. Equities research analysts anticipate that Norwegian Cruise Line will post 1.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of hedge funds have recently added to or reduced their stakes in the stock. United Capital Financial Advisors LLC increased its stake 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 in the last quarter. Scotia Capital Inc. increased its stake in shares of Norwegian Cruise Line by 0.5% in the 4th quarter. Scotia Capital Inc. now owns 113,778 shares of the company’s stock worth $2,928,000 after purchasing an additional 540 shares in the last quarter. Brooklyn Investment Group increased its stake in shares of Norwegian Cruise Line by 22.0% in the 1st quarter. Brooklyn Investment Group now owns 3,394 shares of the company’s stock worth $64,000 after purchasing an additional 613 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Norwegian Cruise Line by 35.0% in the 4th quarter. Quadrant Capital Group LLC now owns 2,524 shares of the company’s stock worth $65,000 after purchasing an additional 654 shares in the last quarter. Finally, Burns Matteson Capital Management LLC increased its stake in shares of Norwegian Cruise Line by 4.0% in the 1st quarter. Burns Matteson Capital Management LLC now owns 17,618 shares of the company’s stock worth $334,000 after purchasing an additional 677 shares in the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

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.