Norwegian Cruise Line (NYSE:NCLH) Given New $20.00 Price Target at Morgan Stanley

Norwegian Cruise Line (NYSE:NCLH - Free Report) had its target price lowered by Morgan Stanley from $21.00 to $20.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. Stifel Nicolaus decreased their price target on shares of Norwegian Cruise Line from $30.00 to $26.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Barclays dropped their price objective on shares of Norwegian Cruise Line from $32.00 to $23.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. BNP Paribas started coverage on shares of Norwegian Cruise Line in a report on Thursday, March 27th. They issued a "neutral" rating and a $21.00 price objective on the stock. Northcoast Research assumed coverage on Norwegian Cruise Line in a research report on Friday, April 25th. They issued a "buy" rating and a $21.00 target price on the stock. Finally, Citigroup increased their price target 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Norwegian Cruise Line has an average rating of "Moderate Buy" and a consensus target price of $26.05.

Norwegian Cruise Line Price Performance

Shares of NCLH stock traded down $0.22 on Tuesday, reaching $17.66. 9,760,592 shares of the company were exchanged, compared to its average volume of 12,683,163. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. The business has a 50-day moving average price of $17.98 and a 200 day moving average price of $23.36. The company has a market cap of $7.89 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of 0.24 and a beta of 2.09. Norwegian Cruise Line has a 1 year low of $14.21 and a 1 year high of $29.29.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.02). The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.15 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The company's quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 earnings per share. Equities research analysts forecast 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 institutional investors have recently added to or reduced their stakes in NCLH. Hopwood Financial Services Inc. purchased a new position in Norwegian Cruise Line during the fourth quarter valued at approximately $26,000. Stonebridge Financial Group LLC acquired a new stake in Norwegian Cruise Line in the 4th quarter valued at approximately $27,000. Kestra Investment Management LLC acquired a new position in shares of Norwegian Cruise Line in the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. lifted its position in shares of Norwegian Cruise Line by 176.0% during the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock worth $30,000 after purchasing an additional 739 shares during the last quarter. Finally, R Squared Ltd acquired a new position in Norwegian Cruise Line in the fourth quarter valued at approximately $31,000. 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.