Norwegian Cruise Line (NYSE:NCLH) PT Lowered to $20.00 at Barclays

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) had its price objective cut by investment analysts at Barclays from $21.00 to $20.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's target price suggests a potential upside of 25.39% from the company's previous close.

Several other equities research analysts have also issued reports on NCLH. Truist Financial increased their target price on shares of Norwegian Cruise Line from $17.00 to $20.00 and gave the stock a "hold" rating in a report on Friday, March 1st. The Goldman Sachs Group initiated coverage on shares of Norwegian Cruise Line in a report on Wednesday, March 13th. They issued a "neutral" rating and a $19.00 target price for the company. Mizuho initiated coverage on shares of Norwegian Cruise Line in a report on Tuesday, March 26th. They issued a "neutral" rating and a $21.00 target price for the company. Citigroup reduced their target price on shares of Norwegian Cruise Line from $23.00 to $19.00 and set a "neutral" rating for the company in a report on Monday, February 12th. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $25.00 target price on shares of Norwegian Cruise Line in a report on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $20.60.

Norwegian Cruise Line Stock Performance

NCLH traded down $0.13 during midday trading on Thursday, hitting $15.95. 25,570,657 shares of the company traded hands, compared to its average volume of 12,613,887. Norwegian Cruise Line has a 52 week low of $12.70 and a 52 week high of $22.75. The firm has a market capitalization of $6.84 billion, a PE ratio of 56.97, a price-to-earnings-growth ratio of 0.39 and a beta of 2.59. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 40.94. The company's 50-day moving average is $19.12 and its 200 day moving average is $17.47.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.05). Norwegian Cruise Line had a net margin of 1.94% and a return on equity of 108.69%. The business had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.99 billion. During the same period in the previous year, the company earned ($1.10) EPS. On average, research analysts expect that Norwegian Cruise Line will post 1 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. YHB Investment Advisors Inc. bought a new position in shares of Norwegian Cruise Line during the 1st quarter valued at approximately $39,000. 1832 Asset Management L.P. bought a new stake in Norwegian Cruise Line in the fourth quarter worth $44,000. Fidelis Capital Partners LLC bought a new stake in Norwegian Cruise Line in the first quarter worth $61,000. Mendota Financial Group LLC bought a new stake in Norwegian Cruise Line in the fourth quarter worth $66,000. Finally, Larson Financial Group LLC lifted its position in Norwegian Cruise Line by 38.0% in the third quarter. Larson Financial Group LLC now owns 3,574 shares of the company's stock worth $59,000 after buying an additional 984 shares during the last quarter. 69.58% of the stock is currently owned by 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.