Norwegian Cruise Line (NYSE:NCLH) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Norwegian Cruise Line (NYSE:NCLH) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.

Several other equities analysts also recently weighed in on NCLH. Morgan Stanley raised their price target on shares of Norwegian Cruise Line from $16.50 to $17.50 and gave the stock an underweight rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. raised their price target on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a neutral rating in a research note on Monday, September 16th. Barclays raised their price target on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the stock an equal weight rating in a research note on Thursday, August 1st. Bank of America lifted their target price on shares of Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a neutral rating in a research note on Tuesday, July 23rd. Finally, Macquarie lifted their target price on shares of Norwegian Cruise Line from $23.00 to $24.00 and gave the stock an outperform rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average price target of $22.57.

Norwegian Cruise Line Stock Up 3.6 %

Shares of NYSE NCLH opened at $20.82 on Tuesday. The company’s 50-day simple moving average is $18.03 and its 200-day simple moving average is $18.04. Norwegian Cruise Line has a 52-week low of $12.70 and a 52-week high of $21.73. The firm has a market cap of $8.93 billion, a price-to-earnings ratio of 29.67, a price-to-earnings-growth ratio of 0.30 and a beta of 2.71. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 17.19.

Norwegian Cruise Line (NYSE:NCLH) last announced its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (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 for the quarter, compared to analyst estimates of $2.38 billion. During the same quarter last year, the business earned $0.20 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. Equities analysts predict that Norwegian Cruise Line will post 1.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Transcendent Capital Group LLC acquired a new position in shares of Norwegian Cruise Line in the first quarter valued at approximately $27,000. YHB Investment Advisors Inc. acquired a new position in shares of Norwegian Cruise Line in the first quarter valued at approximately $39,000. Sentry Investment Management LLC acquired a new position in shares of Norwegian Cruise Line in the second quarter valued at approximately $39,000. 1832 Asset Management L.P. acquired a new position in Norwegian Cruise Line during the 4th quarter worth approximately $44,000. Finally, Fidelis Capital Partners LLC acquired a new position in Norwegian Cruise Line during the 1st quarter worth approximately $61,000. Institutional investors and hedge funds 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.