Norwegian Cruise Line (NYSE:NCLH) Upgraded to “Buy” by Citigroup

Norwegian Cruise Line (NYSE:NCLH) was upgraded by stock analysts at Citigroup from a “neutral” rating to a “buy” rating in a report issued on Wednesday, MarketBeat.com reports. The brokerage currently has a $30.00 price target on the stock, up from their prior price target of $20.00. Citigroup’s price target would indicate a potential upside of 44.09% from the stock’s previous close.

NCLH has been the topic of several other reports. Macquarie upped their target price on shares of Norwegian Cruise Line from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Morgan Stanley upped their price objective on Norwegian Cruise Line from $16.50 to $17.50 and gave the company an “underweight” rating in a research report on Wednesday, August 7th. StockNews.com upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Tuesday. Truist Financial increased their price target on Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Finally, Barclays upped their price target on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $23.30.

Norwegian Cruise Line Stock Performance

NYSE:NCLH opened at $20.82 on Wednesday. Norwegian Cruise Line has a 12-month low of $12.70 and a 12-month high of $21.73. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 17.19. The stock has a market capitalization of $8.93 billion, a P/E ratio of 29.74, a P/E/G ratio of 0.30 and a beta of 2.71. The stock has a 50-day moving average price of $18.08 and a 200 day moving average price of $18.04.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter in the prior year, the firm earned $0.20 EPS. The business’s revenue was up 7.6% on a year-over-year basis. Equities research analysts forecast that Norwegian Cruise Line will post 1.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NCLH. American International Group Inc. boosted its holdings in Norwegian Cruise Line by 3.6% in the fourth quarter. American International Group Inc. now owns 117,510 shares of the company’s stock worth $2,355,000 after acquiring an additional 4,052 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Norwegian Cruise Line by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 201,150 shares of the company’s stock worth $4,031,000 after acquiring an additional 10,174 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Norwegian Cruise Line by 9.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 93,310 shares of the company’s stock worth $1,870,000 after purchasing an additional 7,708 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Norwegian Cruise Line by 20.7% during the first quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock worth $109,000 after purchasing an additional 888 shares during the last quarter. Finally, Mather Group LLC. acquired a new position in Norwegian Cruise Line during the first quarter valued at $87,000. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Company Profile

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.