Norwegian Cruise Line (NYSE:NCLH) Price Target Lowered to $23.00 at Barclays

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) had its price target dropped by research analysts at Barclays from $32.00 to $23.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's target price suggests a potential upside of 33.41% from the stock's previous close.

A number of other research firms also recently commented on NCLH. The Goldman Sachs Group set a $34.00 price objective on shares of Norwegian Cruise Line in a research note on Thursday, January 23rd. Bank of America cut their price objective on shares of 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. Jefferies Financial Group began coverage on shares of Norwegian Cruise Line in a research report on Monday, March 31st. They set a "buy" rating and a $25.00 price target on the stock. Stifel Nicolaus dropped their price objective on Norwegian Cruise Line from $36.00 to $30.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Finally, BNP Paribas started coverage on shares of Norwegian Cruise Line in a report on Thursday, March 27th. They set a "neutral" rating and a $21.00 price target for the company. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Norwegian Cruise Line has a consensus rating of "Moderate Buy" and an average target price of $26.63.

Norwegian Cruise Line Price Performance

Shares of NYSE NCLH traded up $0.09 during mid-day trading on Tuesday, hitting $17.24. 10,176,618 shares of the stock were exchanged, compared to its average volume of 12,777,794. 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 company has a market cap of $7.58 billion, a P/E ratio of 15.82, a PEG ratio of 0.24 and a beta of 2.27. Norwegian Cruise Line has a twelve month low of $14.21 and a twelve month high of $29.29. The stock's fifty day simple moving average is $19.36 and its two-hundred day simple moving average is $23.81.

Hedge Funds Weigh In On Norwegian Cruise Line

Several large investors have recently bought and sold shares of the stock. MML Investors Services LLC lifted its position in shares of Norwegian Cruise Line by 16.0% during the third quarter. MML Investors Services LLC now owns 17,439 shares of the company's stock valued at $358,000 after purchasing an additional 2,404 shares in the last quarter. Tidal Investments LLC increased its stake in Norwegian Cruise Line by 7.1% in the 3rd quarter. Tidal Investments LLC now owns 28,425 shares of the company's stock valued at $583,000 after buying an additional 1,890 shares during the last quarter. Synovus Financial Corp boosted its stake in shares of Norwegian Cruise Line by 7.4% in the 3rd quarter. Synovus Financial Corp now owns 88,208 shares of the company's stock worth $1,809,000 after buying an additional 6,072 shares during the last quarter. Retirement Systems of Alabama boosted its stake in shares of Norwegian Cruise Line by 0.9% in the 3rd quarter. Retirement Systems of Alabama now owns 95,480 shares of the company's stock worth $1,958,000 after buying an additional 841 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Norwegian Cruise Line by 6.2% in the third 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 in the last quarter. 69.58% of the stock is currently 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.