Bank of America Cuts Norwegian Cruise Line (NYSE:NCLH) Price Target to $26.00

Norwegian Cruise Line (NYSE:NCLH) had its price target decreased by Bank of America from $29.00 to $26.00 in a research report sent to investors on Friday morning,Benzinga reports. Bank of America currently has a neutral rating on the stock.

Several other research analysts have also recently commented on the stock. Wells Fargo & Company raised their target price on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Tigress Financial increased their price target on shares of Norwegian Cruise Line from $32.00 to $36.00 and gave the stock a “strong-buy” rating in a research report on Monday, November 11th. The Goldman Sachs Group set a $34.00 price target on shares of Norwegian Cruise Line in a research report on Thursday, January 23rd. Barclays upgraded shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $28.00 to $32.00 in a research report on Friday, December 13th. Finally, Macquarie increased their price target on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.19.

Norwegian Cruise Line Stock Up 0.3 %

Shares of NCLH opened at $20.05 on Friday. Norwegian Cruise Line has a 12 month low of $14.69 and a 12 month high of $29.29. The firm’s 50 day moving average is $25.77 and its 200-day moving average is $24.19. The stock 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. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35.

Hedge Funds Weigh In On Norwegian Cruise Line

A number of hedge funds have recently modified their holdings of NCLH. Hopwood Financial Services Inc. bought a new position in Norwegian Cruise Line during the fourth quarter worth $26,000. Kestra Investment Management LLC bought a new position in Norwegian Cruise Line during the fourth quarter worth $27,000. Stonebridge Financial Group LLC bought a new position in Norwegian Cruise Line during the fourth quarter worth $27,000. Rakuten Securities Inc. raised its stake in Norwegian Cruise Line by 176.0% during the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock worth $30,000 after buying an additional 739 shares during the last quarter. Finally, R Squared Ltd bought a new position in Norwegian Cruise Line during the fourth quarter worth $31,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

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.