Bank of America Has Lowered Expectations for Norwegian Cruise Line (NYSE:NCLH) Stock Price

Norwegian Cruise Line (NYSE:NCLH) had its price objective cut by Bank of America from $29.00 to $26.00 in a research report released on Friday,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts have also issued reports on the company. Loop Capital initiated coverage on Norwegian Cruise Line in a research report on Tuesday, February 4th. They issued a “hold” rating and a $26.00 price objective for the company. Citigroup upped their price target on Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Macquarie upped their price target on Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Thursday. Morgan Stanley upped their price target on Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 12th. Finally, Barclays raised Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $28.00 to $32.00 in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.19.

Norwegian Cruise Line Price Performance

Shares of NCLH opened at $20.05 on Friday. 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 stock has a 50 day simple moving average of $25.88 and a 200 day simple moving average of $24.05. Norwegian Cruise Line has a 52-week low of $14.69 and a 52-week high of $29.29. The firm has a market capitalization of $8.82 billion, a PE ratio of 18.40, a P/E/G ratio of 0.24 and a beta of 2.62.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of institutional investors and hedge funds have recently made changes to their positions in NCLH. Van ECK Associates Corp raised its stake in shares of Norwegian Cruise Line by 7.0% during the 3rd quarter. Van ECK Associates Corp now owns 252,845 shares of the company’s stock worth $5,186,000 after purchasing an additional 16,439 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in Norwegian Cruise Line by 27.2% in the 3rd quarter. Asset Management One Co. Ltd. now owns 8,572 shares of the company’s stock valued at $176,000 after acquiring an additional 1,831 shares during the period. QRG Capital Management Inc. raised its stake in Norwegian Cruise Line by 85.5% in the 3rd quarter. QRG Capital Management Inc. now owns 31,830 shares of the company’s stock valued at $653,000 after acquiring an additional 14,669 shares during the period. Principal Financial Group Inc. raised its stake in Norwegian Cruise Line by 6.2% in the 3rd quarter. Principal Financial Group Inc. now owns 514,087 shares of the company’s stock valued at $10,544,000 after acquiring an additional 30,182 shares during the period. Finally, Atria Investments Inc raised its stake in Norwegian Cruise Line by 15.2% in the 3rd quarter. Atria Investments Inc now owns 22,113 shares of the company’s stock valued at $454,000 after acquiring an additional 2,910 shares during the period. Institutional investors own 69.58% of the company’s stock.

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.