Norwegian Cruise Line (NYSE:NCLH) Price Target Cut to $26.00 by Analysts at Bank of America

Norwegian Cruise Line (NYSE:NCLH - Free Report) had its price objective decreased by Bank of America from $29.00 to $26.00 in a research note released on Friday morning,Benzinga reports. Bank of America currently has a neutral rating on the stock.

A number of other equities research analysts also recently weighed in on NCLH. Truist Financial boosted their price target on Norwegian Cruise Line from $25.00 to $35.00 and gave the company a "buy" rating in a report on Monday, December 2nd. StockNews.com upgraded shares of Norwegian Cruise Line from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th. UBS Group raised their price target on shares of Norwegian Cruise Line from $19.00 to $29.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Wells Fargo & Company upped their price objective on Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. Finally, Loop Capital assumed coverage on Norwegian Cruise Line in a report on Tuesday, February 4th. They issued a "hold" rating and a $26.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Norwegian Cruise Line has an average rating of "Moderate Buy" and an average price target of $29.19.

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Norwegian Cruise Line Stock Down 6.8 %

NCLH stock traded down $1.36 during mid-day trading on Friday, hitting $18.70. 8,949,703 shares of the company were exchanged, compared to its average volume of 10,996,064. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The company has a market capitalization of $8.23 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62. Norwegian Cruise Line has a twelve month low of $14.69 and a twelve month high of $29.29. The firm has a fifty day simple moving average of $25.77 and a 200 day simple moving average of $24.19.

Institutional Trading of Norwegian Cruise Line

A number of institutional investors and hedge funds have recently modified their holdings of NCLH. Baillie Gifford & Co. bought a new position in Norwegian Cruise Line in the 3rd quarter worth $179,146,000. Capital International Investors increased its holdings in Norwegian Cruise Line by 11.2% in the 4th quarter. Capital International Investors now owns 55,194,672 shares of the company's stock valued at $1,420,159,000 after buying an additional 5,557,951 shares during the period. Norges Bank acquired a new position in Norwegian Cruise Line in the fourth quarter worth about $113,156,000. Two Sigma Advisers LP lifted its position in shares of Norwegian Cruise Line by 99.0% during the 4th quarter. Two Sigma Advisers LP now owns 7,689,200 shares of the company's stock worth $197,843,000 after buying an additional 3,824,600 shares during the period. Finally, Voloridge Investment Management LLC boosted its stake in Norwegian Cruise Line by 3,403.3% in the 4th quarter. Voloridge Investment Management LLC now owns 3,374,576 shares of the company's stock valued at $86,828,000 after buying an additional 3,278,249 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

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.