Deutsche Bank Aktiengesellschaft Cuts Norwegian Cruise Line (NYSE:NCLH) Price Target to $17.00

Norwegian Cruise Line (NYSE:NCLHGet Rating) had its target price lowered by Deutsche Bank Aktiengesellschaft from $23.00 to $17.00 in a research report sent to investors on Tuesday morning, The Fly reports.

A number of other analysts have also weighed in on the company. Wells Fargo & Company reduced their target price on Norwegian Cruise Line from $27.00 to $21.00 in a research note on Wednesday, May 11th. Susquehanna initiated coverage on Norwegian Cruise Line in a research note on Thursday, June 9th. They issued a positive rating and a $20.00 target price on the stock. Credit Suisse Group reduced their target price on Norwegian Cruise Line from $38.00 to $33.00 in a research note on Wednesday, May 11th. Macquarie reduced their target price on Norwegian Cruise Line from $30.00 to $23.00 and set an outperform rating on the stock in a research note on Friday, March 4th. Finally, Susquehanna Bancshares started coverage on Norwegian Cruise Line in a research note on Thursday, June 9th. They issued a positive rating and a $20.00 target price on the stock. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $23.85.

NYSE NCLH opened at $11.46 on Tuesday. The company has a debt-to-equity ratio of 8.33, a quick ratio of 0.74 and a current ratio of 0.77. The company has a market capitalization of $4.80 billion, a P/E ratio of -1.08 and a beta of 2.47. Norwegian Cruise Line has a one year low of $10.31 and a one year high of $31.56. The stock has a 50 day moving average price of $16.33 and a 200-day moving average price of $19.18.

Norwegian Cruise Line (NYSE:NCLHGet Rating) last issued its quarterly earnings results on Tuesday, May 10th. The company reported ($1.82) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.53) by ($0.29). The company had revenue of $521.90 million during the quarter, compared to the consensus estimate of $760.34 million. Norwegian Cruise Line had a negative return on equity of 116.64% and a negative net margin of 353.02%. The firm’s quarterly revenue was up 16735.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($2.03) earnings per share. As a group, equities analysts predict that Norwegian Cruise Line will post -2.38 EPS for the current fiscal year.

In related news, Director Russell W. Galbut purchased 100,000 shares of Norwegian Cruise Line stock in a transaction that occurred on Monday, May 23rd. The stock was bought at an average cost of $15.12 per share, for a total transaction of $1,512,000.00. Following the completion of the transaction, the director now owns 489,917 shares in the company, valued at $7,407,545.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.94% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of NCLH. Franklin Resources Inc. purchased a new stake in shares of Norwegian Cruise Line in the third quarter valued at approximately $235,000. Dark Forest Capital Management LP increased its position in shares of Norwegian Cruise Line by 11.3% during the third quarter. Dark Forest Capital Management LP now owns 5,700 shares of the company’s stock worth $152,000 after purchasing an additional 579 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of Norwegian Cruise Line by 1.2% during the third quarter. Guggenheim Capital LLC now owns 45,382 shares of the company’s stock worth $1,212,000 after purchasing an additional 541 shares in the last quarter. Gotham Asset Management LLC acquired a new position in Norwegian Cruise Line during the third quarter worth $248,000. Finally, Tudor Investment Corp Et Al boosted its stake in Norwegian Cruise Line by 254.2% during the third quarter. Tudor Investment Corp Et Al now owns 336,267 shares of the company’s stock worth $8,982,000 after buying an additional 241,341 shares during the last quarter. Institutional investors and hedge funds own 56.13% of the company’s stock.

About Norwegian Cruise Line (Get Rating)

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 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 locations, including destinations in Scandinavia, Russia, 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.

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