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 released on Sunday.

Several other brokerages have also weighed in on NCLH. Macquarie increased their price objective on shares of Norwegian Cruise Line from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Tigress Financial reiterated 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 lifted their target price for the company from $20.00 to $30.00 in a research report on Wednesday, October 9th. Truist Financial boosted their price target on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Finally, JPMorgan Chase & Co. raised their target price on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $23.63.

Norwegian Cruise Line Stock Performance

NYSE:NCLH opened at $23.38 on Friday. The firm has a market capitalization of $10.03 billion, a PE ratio of 33.41, a PEG ratio of 0.33 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 has a 1 year low of $12.70 and a 1 year high of $24.80. The firm’s fifty day simple moving average is $19.63 and its 200 day simple moving average is $18.29.

Norwegian Cruise Line (NYSE:NCLH) last announced 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 firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.20 earnings per share. On average, sell-side analysts anticipate that Norwegian Cruise Line will post 1.38 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Transcendent Capital Group LLC acquired a new position in Norwegian Cruise Line during the 1st quarter valued at about $27,000. Sentry Investment Management LLC purchased a new position in shares of Norwegian Cruise Line during the 2nd quarter valued at $39,000. Blue Trust Inc. increased its stake in shares of Norwegian Cruise Line by 489.8% in the third quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock worth $41,000 after purchasing an additional 1,817 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in Norwegian Cruise Line in the 1st quarter valued at approximately $61,000. Finally, Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Norwegian Cruise Line during the 3rd quarter valued at $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.