Wells Fargo & Company Cuts Norwegian Cruise Line (NYSE:NCLH) Price Target to $19.00

Norwegian Cruise Line (NYSE:NCLH - Free Report) had its target price decreased by Wells Fargo & Company from $21.00 to $19.00 in a report published on Thursday morning, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Other analysts have also issued research reports about the stock. Barclays lowered their price target 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 Thursday. Citigroup lowered their price target 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. Mizuho started coverage on shares of Norwegian Cruise Line in a report on Tuesday, March 26th. They set a neutral rating and a $21.00 target price for the company. The Goldman Sachs Group started coverage on shares of Norwegian Cruise Line in a report on Wednesday, March 13th. They set a neutral rating and a $19.00 target price for the company. Finally, Stifel Nicolaus reaffirmed a buy rating and set a $25.00 target price on shares of Norwegian Cruise Line in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of Hold and an average target price of $20.67.

Norwegian Cruise Line Price Performance

Shares of NYSE:NCLH traded up $0.04 during trading on Thursday, reaching $15.99. The stock had a trading volume of 16,210,273 shares, compared to its average volume of 12,665,303. Norwegian Cruise Line has a 52 week low of $12.70 and a 52 week high of $22.75. The business's 50-day moving average price is $19.11 and its 200 day moving average price is $17.46. The company has a debt-to-equity ratio of 33.16, a current ratio of 0.24 and a quick ratio of 0.19. The stock has a market capitalization of $6.86 billion, a PE ratio of 23.06, a P/E/G ratio of 0.34 and a beta of 2.59.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its earnings results on Tuesday, February 27th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.05). Norwegian Cruise Line had a net margin of 3.84% and a return on equity of 136.20%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter last year, the firm posted ($1.10) EPS. As a group, equities analysts predict that Norwegian Cruise Line will post 1 earnings per share for the current year.

Institutional Investors Weigh In On Norwegian Cruise Line

Several institutional investors have recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC bought a new stake in Norwegian Cruise Line during the 3rd quarter worth about $64,000. Xponance Inc. lifted its position in Norwegian Cruise Line by 6.8% during the 3rd quarter. Xponance Inc. now owns 76,054 shares of the company's stock worth $1,253,000 after buying an additional 4,849 shares in the last quarter. Stratos Wealth Partners LTD. bought a new stake in Norwegian Cruise Line during the 3rd quarter worth about $202,000. Independent Advisor Alliance bought a new stake in Norwegian Cruise Line during the 3rd quarter worth about $662,000. Finally, Bank of New York Mellon Corp lifted its position in Norwegian Cruise Line by 4.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,691,795 shares of the company's stock worth $44,361,000 after buying an additional 126,147 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

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.