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

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

Several other research analysts have also weighed in on NCLH. Macquarie boosted their price target on Norwegian Cruise Line from $23.00 to $24.00 and gave the stock an outperform rating in a research report on Thursday, August 1st. Barclays lifted their price objective on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the company an equal weight rating in a research report on Thursday, August 1st. Tigress Financial reaffirmed a strong-buy rating and issued a $32.00 target price on shares of Norwegian Cruise Line in a report on Friday, August 9th. Truist Financial upgraded Norwegian Cruise Line from a hold rating to a buy rating and lifted their price target for the stock from $20.00 to $21.00 in a report on Wednesday, May 29th. Finally, Stifel Nicolaus upped their price objective on Norwegian Cruise Line from $26.00 to $27.00 and gave the company a buy rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $22.43.

Norwegian Cruise Line Price Performance

NCLH stock opened at $20.95 on Thursday. The stock has a 50-day moving average price of $17.92 and a two-hundred day moving average price of $18.04. Norwegian Cruise Line has a 1 year low of $12.70 and a 1 year high of $21.73. The stock has a market cap of $9.21 billion, a PE ratio of 29.93, a price-to-earnings-growth ratio of 0.30 and a beta of 2.70. 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 earnings results 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 business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same quarter last year, the firm earned $0.20 EPS. Norwegian Cruise Line’s revenue for the quarter was up 7.6% compared to the same quarter last year. Equities analysts forecast that Norwegian Cruise Line will post 1.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Norwegian Cruise Line

Several hedge funds and other institutional investors have recently modified their holdings of the company. Capital Research Global Investors boosted its holdings 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 valued at $1,143,285,000 after buying an additional 26,676,150 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Norwegian Cruise Line by 120.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock worth $470,889,000 after acquiring an additional 12,313,426 shares during the last quarter. Columbus Hill Capital Management L.P. purchased a new stake in shares of Norwegian Cruise Line during the second quarter valued at $23,479,000. Dimensional Fund Advisors LP boosted its holdings 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 acquiring an additional 1,129,770 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of Norwegian Cruise Line in the second quarter worth approximately $15,213,000. 69.58% of the stock is owned by institutional investors.

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.