Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) is one of the most promising low-cost stocks to buy now. On February 11, Stifel analyst Steven Wieczynski lowered the firm’s price target on Norwegian Cruise Line to $31 from $32 and maintained a Buy rating.
On the same day, Barclays downgraded Norwegian Cruise Line to Equal Weight from Overweight with its price target at $23 and noted a more balanced risk/reward profile at the stock’s current levels. The downgrade is primarily based on valuation, as the shares have risen 24% over the past three months. Furthermore, the firm warned that Q1 yields are expected to be weak, suggesting there is more potential downside than upside to the recently lowered market consensus.
JPMorgan analyst Matthew Boss lowered the firm’s price target on Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) to $28 from $40 with an Overweight rating. In addition to the target reduction, the firm removed Norwegian from its Analyst Focus List and lowered its Q1 net yield estimate to a level below the market consensus. Boss noted that internal research indicates an increase in promotional intensity for the company from the beginning of January through the present.
A Norwegian Cruise ship. Photo from Norwegian Cruise website
Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH), together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. It operates the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands.
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Disclosure: None. This article is originally published at Insider Monkey.
