Norwegian Cruise Line (NYSE:NCLH) Downgraded to Sell at StockNews.com

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 Monday.

A number of other equities research analysts also recently weighed in on NCLH. Bank of America raised their target price on shares of Norwegian Cruise Line from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Stifel Nicolaus increased their price target on shares of Norwegian Cruise Line from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Morgan Stanley lifted 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. Barclays increased their target price on Norwegian Cruise Line from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. lifted their price target on Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $23.30.

Norwegian Cruise Line Stock Down 1.8 %

Shares of NYSE:NCLH opened at $24.11 on Monday. The company has a market cap of $10.34 billion, a price-to-earnings ratio of 34.44, a PEG ratio of 0.33 and a beta of 2.71. Norwegian Cruise Line has a one year low of $12.70 and a one year high of $24.80. The firm has a fifty day moving average price of $19.14 and a two-hundred day moving average price of $18.22. The company has a debt-to-equity ratio of 17.19, a current ratio of 0.24 and a quick ratio of 0.22.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. nVerses Capital LLC purchased a new stake in Norwegian Cruise Line during the 3rd quarter valued at $615,000. NBC Securities Inc. raised its stake in shares of Norwegian Cruise Line by 1.5% during the third quarter. NBC Securities Inc. now owns 45,603 shares of the company’s stock valued at $935,000 after acquiring an additional 678 shares during the last quarter. Creative Planning boosted its holdings in shares of Norwegian Cruise Line by 2.5% during the third quarter. Creative Planning now owns 523,989 shares of the company’s stock worth $10,747,000 after purchasing an additional 12,614 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of Norwegian Cruise Line by 1,048.6% in the third quarter. Exchange Traded Concepts LLC now owns 5,743 shares of the company’s stock worth $118,000 after purchasing an additional 5,243 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC purchased a new position in Norwegian Cruise Line during the 3rd quarter valued at about $78,000. 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.