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

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

A number of other research analysts have also recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Norwegian Cruise Line from $21.00 to $20.00 and set an "equal weight" rating for the company in a report on Tuesday, May 6th. Melius Research raised Norwegian Cruise Line to a "strong-buy" rating in a research note on Monday, April 21st. Northcoast Research began coverage on Norwegian Cruise Line in a report on Friday, April 25th. They set a "buy" rating and a $21.00 price objective for the company. Tigress Financial reiterated a "strong-buy" rating and set a $36.00 target price on shares of Norwegian Cruise Line in a research report on Tuesday, March 11th. Finally, The Goldman Sachs Group lowered their target price on Norwegian Cruise Line from $31.00 to $20.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $24.84.

Norwegian Cruise Line Stock Performance

NYSE NCLH traded up $0.58 on Monday, hitting $21.95. 10,912,993 shares of the company's stock were exchanged, compared to its average volume of 12,914,128. 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 has a fifty-two week low of $14.21 and a fifty-two week high of $29.29. The firm has a market cap of $9.81 billion, a price-to-earnings ratio of 12.69, a P/E/G ratio of 0.37 and a beta of 2.13. The firm's 50-day moving average price is $18.50 and its two-hundred day moving average price is $21.36.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last released its 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 net margin of 9.05% and a return on equity of 66.78%. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same period last year, the business posted $0.16 EPS. Norwegian Cruise Line's revenue was down 2.9% compared to the same quarter last year. On average, research analysts expect that Norwegian Cruise Line will post 1.48 EPS for the current year.

Hedge Funds Weigh In On Norwegian Cruise Line

Institutional investors have recently added to or reduced their stakes in the company. Strs Ohio acquired a new position in Norwegian Cruise Line in the first quarter worth about $895,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Norwegian Cruise Line by 6.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,536,708 shares of the company's stock valued at $29,136,000 after buying an additional 92,772 shares during the period. Optimize Financial Inc grew its position in shares of Norwegian Cruise Line by 13.1% during the 1st quarter. Optimize Financial Inc now owns 33,890 shares of the company's stock valued at $643,000 after buying an additional 3,937 shares during the last quarter. Woodline Partners LP raised its stake in Norwegian Cruise Line by 40.7% during the first quarter. Woodline Partners LP now owns 37,149 shares of the company's stock worth $704,000 after acquiring an additional 10,743 shares during the period. Finally, MBB Public Markets I LLC bought a new position in Norwegian Cruise Line in the first quarter worth about $301,000. Institutional investors and hedge funds 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.