Norwegian Cruise Line (NYSE:NCLH) Downgraded by StockNews.com to “Sell”

StockNews.com downgraded shares of Norwegian Cruise Line (NYSE:NCLH) from a hold rating to a sell rating in a research report report published on Thursday morning.

A number of other brokerages have also recently commented on NCLH. Tigress Financial reissued a strong-buy rating and issued a $32.00 price target on shares of Norwegian Cruise Line in a research report on Friday, August 9th. JPMorgan Chase & Co. raised their price target on Norwegian Cruise Line from $23.00 to $25.00 and gave the company a neutral rating in a report on Monday, September 16th. Susquehanna lifted their price target on Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a neutral rating in a research report on Friday, August 2nd. Morgan Stanley increased their price objective on shares of Norwegian Cruise Line from $16.50 to $17.50 and gave the company an underweight rating in a research report on Wednesday, August 7th. Finally, 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 report on Tuesday, July 23rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $22.43.

Norwegian Cruise Line Price Performance

Shares of NCLH stock opened at $20.95 on Thursday. 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 stock has a market cap of $8.99 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 0.30 and a beta of 2.70. The business’s fifty day moving average is $17.92 and its 200 day moving average is $18.02. Norwegian Cruise Line has a twelve month low of $12.70 and a twelve month high of $21.73.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same period last year, the business earned $0.20 EPS. Norwegian Cruise Line’s quarterly revenue was up 7.6% compared to the same quarter last year. Research analysts expect that Norwegian Cruise Line will post 1.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Norwegian Cruise Line

Several hedge funds and other institutional investors have recently made changes to their positions in NCLH. Transcendent Capital Group LLC bought a new position in Norwegian Cruise Line in the first quarter worth approximately $27,000. YHB Investment Advisors Inc. bought a new position in shares of Norwegian Cruise Line during the 1st quarter valued at approximately $39,000. Sentry Investment Management LLC purchased a new stake in Norwegian Cruise Line in the 2nd quarter worth approximately $39,000. 1832 Asset Management L.P. bought a new stake in Norwegian Cruise Line during the 4th quarter worth approximately $44,000. Finally, Fidelis Capital Partners LLC purchased a new position in Norwegian Cruise Line during the first quarter valued at approximately $61,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

About Norwegian Cruise Line

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.