Stifel Nicolaus Issues Pessimistic Forecast for Norwegian Cruise Line (NYSE:NCLH) Stock Price

Norwegian Cruise Line (NYSE:NCLH - Free Report) had its target price lowered by Stifel Nicolaus from $36.00 to $30.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on NCLH. BNP Paribas assumed coverage on Norwegian Cruise Line in a report on Thursday, March 27th. They issued a "neutral" rating and a $21.00 price target on the stock. Macquarie increased 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, March 6th. Bank of America reduced their target price 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. Morgan Stanley cut their price objective on Norwegian Cruise Line from $22.00 to $21.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Finally, Citigroup raised their price objective on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the company a "buy" rating in a report on Friday, February 28th. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $28.28.

Norwegian Cruise Line Price Performance

NCLH stock traded up $0.30 during trading on Wednesday, reaching $16.39. The company's stock had a trading volume of 9,746,753 shares, compared to its average volume of 12,711,481. The company's fifty day moving average is $20.32 and its 200-day moving average is $23.93. Norwegian Cruise Line has a 1 year low of $14.21 and a 1 year high of $29.29. The company has a market capitalization of $7.21 billion, a P/E ratio of 15.03, a price-to-earnings-growth ratio of 0.24 and a beta of 2.27. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35.

Hedge Funds Weigh In On Norwegian Cruise Line

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Clarius Group LLC bought a new position in shares of Norwegian Cruise Line in the first quarter worth approximately $251,000. CENTRAL TRUST Co lifted its holdings in shares of Norwegian Cruise Line by 2,621.0% in the 1st quarter. CENTRAL TRUST Co now owns 2,721 shares of the company's stock worth $52,000 after acquiring an additional 2,621 shares during the last quarter. Rakuten Securities Inc. lifted its stake in Norwegian Cruise Line by 329.9% in the first quarter. Rakuten Securities Inc. now owns 4,982 shares of the company's stock worth $94,000 after purchasing an additional 3,823 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in Norwegian Cruise Line during the 1st quarter valued at $1,645,000. Finally, M.E. Allison & CO. Inc. grew its holdings in shares of Norwegian Cruise Line by 1.1% in the first quarter. M.E. Allison & CO. Inc. now owns 80,680 shares of the company's stock worth $1,530,000 after purchasing an additional 910 shares during the last quarter. 69.58% of the stock is 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.