UBS Group Has Lowered Expectations for Norwegian Cruise Line (NYSE:NCLH) Stock Price

Norwegian Cruise Line (NYSE:NCLH - Free Report) had its price objective reduced by UBS Group from $29.00 to $23.00 in a report issued on Monday,Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts have also issued research reports about the company. Truist Financial lowered their price target on Norwegian Cruise Line from $35.00 to $27.00 and set a "buy" rating for the company in a research report on Monday, May 19th. Jefferies Financial Group began coverage on Norwegian Cruise Line in a research report on Monday, March 31st. They issued a "buy" rating and a $25.00 target price for the company. Morgan Stanley decreased their target price on Norwegian Cruise Line from $21.00 to $20.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. Bank of America decreased their target price 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. Finally, Melius Research raised Norwegian Cruise Line to a "strong-buy" rating in a research report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $24.84.

Norwegian Cruise Line Trading Up 2.9%

NYSE:NCLH traded up $0.63 during trading hours on Monday, hitting $22.00. The company had a trading volume of 9,840,939 shares, compared to its average volume of 12,886,668. The company has a market capitalization of $9.83 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 0.36 and a beta of 2.13. The stock has a 50-day moving average price of $18.40 and a 200 day moving average price of $21.39. Norwegian Cruise Line has a 52 week low of $14.21 and a 52 week high of $29.29. The company has a debt-to-equity ratio of 9.09, a current ratio of 0.19 and a quick ratio of 0.16.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.02). The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.15 billion. Norwegian Cruise Line had a net margin of 9.05% and a return on equity of 66.78%. The business's revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 EPS. On average, equities research analysts predict that Norwegian Cruise Line will post 1.48 EPS for the current fiscal year.

Hedge Funds Weigh In On Norwegian Cruise Line

Several institutional investors have recently bought and sold shares of NCLH. Capital International Investors grew its position in shares of Norwegian Cruise Line by 11.2% during the fourth quarter. Capital International Investors now owns 55,194,672 shares of the company's stock worth $1,420,159,000 after buying an additional 5,557,951 shares in the last quarter. Ariel Investments LLC grew its position in shares of Norwegian Cruise Line by 126.8% during the first quarter. Ariel Investments LLC now owns 9,081,170 shares of the company's stock worth $172,179,000 after buying an additional 5,077,531 shares in the last quarter. Norges Bank acquired a new position in shares of Norwegian Cruise Line during the fourth quarter worth about $113,156,000. Two Sigma Advisers LP grew its position in shares of Norwegian Cruise Line by 99.0% during the fourth quarter. Two Sigma Advisers LP now owns 7,689,200 shares of the company's stock worth $197,843,000 after buying an additional 3,824,600 shares in the last quarter. Finally, 59 North Capital Management LP purchased a new stake in Norwegian Cruise Line during the first quarter worth approximately $69,877,000. 69.58% of the stock is owned by institutional investors and hedge funds.

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.