Norwegian Cruise Line (NYSE:NCLH) Stock Rating Upgraded 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 research note issued to investors on Sunday.

A number of other equities research analysts also recently issued reports on NCLH. Stifel Nicolaus increased their price objective on Norwegian Cruise Line from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Tigress Financial reaffirmed a “strong-buy” rating and issued a $32.00 price target on shares of Norwegian Cruise Line in a report on Friday, August 9th. Citigroup raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $20.00 to $30.00 in a report on Wednesday, October 9th. Susquehanna raised their target price on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, Truist Financial lifted their target price on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Norwegian Cruise Line presently has an average rating of “Hold” and a consensus price target of $23.30.

Norwegian Cruise Line Trading Down 1.2 %

Shares of Norwegian Cruise Line stock opened at $23.81 on Friday. The firm has a market cap of $10.22 billion, a PE ratio of 34.01, a P/E/G ratio of 0.33 and a beta of 2.71. Norwegian Cruise Line has a 1 year low of $12.70 and a 1 year high of $24.80. The company has a debt-to-equity ratio of 17.19, a current ratio of 0.24 and a quick ratio of 0.22. The stock has a fifty day moving average price of $19.30 and a 200-day moving average price of $18.23.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. American International Group Inc. raised its position in shares of Norwegian Cruise Line by 3.6% in the 4th 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% during the fourth quarter. Wellington Management Group LLP now owns 201,150 shares of the company’s stock valued at $4,031,000 after purchasing an additional 10,174 shares in the last quarter. GAMMA Investing LLC lifted 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 valued at $109,000 after purchasing an additional 888 shares during the last quarter. Mather Group LLC. bought a new position in shares of Norwegian Cruise Line during the first quarter valued at $87,000. Finally, International Assets Investment Management LLC boosted its stake in Norwegian Cruise Line by 16.4% in the 1st quarter. International Assets Investment Management LLC now owns 13,362 shares of the company’s stock worth $280,000 after purchasing an additional 1,880 shares in the last quarter. Hedge funds and other 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.