Norwegian Cruise Line (NYSE:NCLH) Upgraded to “Hold” by StockNews.com

Norwegian Cruise Line (NYSE:NCLH) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Tuesday.

A number of other brokerages have also commented on NCLH. Barclays increased their price objective on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Stifel Nicolaus upped their price objective on Norwegian Cruise Line from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Friday. Tigress Financial reiterated a “strong-buy” rating and issued a $32.00 price objective on shares of Norwegian Cruise Line in a research report on Friday, August 9th. JPMorgan Chase & Co. boosted their target price on Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Finally, Bank of America raised their price target on Norwegian Cruise Line from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $22.57.

Norwegian Cruise Line Trading Down 1.5 %

Shares of NCLH stock opened at $20.09 on Tuesday. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 17.19. The company has a market capitalization of $8.62 billion, a P/E ratio of 28.70, a P/E/G ratio of 0.30 and a beta of 2.71. Norwegian Cruise Line has a 12-month low of $12.70 and a 12-month high of $21.73. The firm has a 50-day moving average price of $18.00 and a 200 day moving average price of $18.04.

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

Institutional Investors Weigh In On Norwegian Cruise Line

Several hedge funds have recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new stake in shares of Norwegian Cruise Line during the first quarter worth about $27,000. YHB Investment Advisors Inc. acquired a new stake in Norwegian Cruise Line during the 1st quarter worth approximately $39,000. Sentry Investment Management LLC bought a new position in Norwegian Cruise Line in the second quarter valued at approximately $39,000. 1832 Asset Management L.P. acquired a new position in shares of Norwegian Cruise Line in the fourth quarter valued at approximately $44,000. Finally, Fidelis Capital Partners LLC bought a new stake in shares of Norwegian Cruise Line during the first quarter worth $61,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

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.