Norwegian Cruise Line (NYSE:NCLH) Rating Increased 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 Wednesday.

A number of other analysts have also weighed in on NCLH. Stifel Nicolaus increased their target price on shares of Norwegian Cruise Line from $26.00 to $27.00 and gave the stock a buy rating in a report on Thursday, August 1st. Bank of America increased 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. Barclays raised 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. Morgan Stanley raised their price objective on shares of Norwegian Cruise Line from $16.50 to $17.50 and gave the stock an underweight rating in a report on Wednesday, August 7th. Finally, Macquarie raised their price objective on shares of Norwegian Cruise Line from $23.00 to $24.00 and gave the stock an outperform rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $22.57.

Norwegian Cruise Line Stock Up 4.9 %

Shares of NYSE:NCLH opened at $20.39 on Wednesday. The stock’s 50-day moving average price is $18.00 and its 200-day moving average price is $18.06. Norwegian Cruise Line has a 12-month low of $12.70 and a 12-month high of $21.73. The stock has a market capitalization of $8.75 billion, a P/E ratio of 29.13, a price-to-earnings-growth ratio of 0.30 and a beta of 2.71. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 17.19.

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

Institutional Investors Weigh In On Norwegian Cruise Line

A number of large investors have recently added to or reduced their stakes in NCLH. Capital Research Global Investors boosted its stake in shares of Norwegian Cruise Line by 87.8% during the 4th quarter. Capital Research Global Investors now owns 57,049,928 shares of the company’s stock worth $1,143,285,000 after acquiring an additional 26,676,150 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Norwegian Cruise Line by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 49,539,911 shares of the company’s stock valued at $1,036,870,000 after buying an additional 324,287 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Norwegian Cruise Line by 120.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock valued at $470,889,000 after buying an additional 12,313,426 shares in the last quarter. Capital International Investors lifted its stake in shares of Norwegian Cruise Line by 0.5% during the 1st quarter. Capital International Investors now owns 20,216,746 shares of the company’s stock valued at $423,136,000 after buying an additional 102,948 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Norwegian Cruise Line by 32.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock valued at $85,835,000 after buying an additional 1,129,770 shares in the last quarter. 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.