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

StockNews.com lowered shares of Norwegian Cruise Line (NYSE:NCLH) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

Several other equities analysts also recently issued reports on the company. Truist Financial lifted their price objective on Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Morgan Stanley lifted their price target on Norwegian Cruise Line from $17.50 to $19.00 and gave the company an “underweight” rating in a report on Wednesday. Macquarie increased 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. Susquehanna raised their price objective on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, Citigroup upgraded shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and upped their target price for the stock from $20.00 to $30.00 in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Norwegian Cruise Line currently has a consensus rating of “Hold” and an average price target of $25.80.

Norwegian Cruise Line Trading Down 1.8 %

Shares of Norwegian Cruise Line stock opened at $24.88 on Wednesday. Norwegian Cruise Line has a 12-month low of $12.70 and a 12-month high of $26.73. The stock has a market capitalization of $10.94 billion, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 0.33 and a beta of 2.67. The company has a 50-day simple moving average of $20.86 and a 200 day simple moving average of $18.61. The company has a quick ratio of 0.22, a current ratio of 0.20 and a debt-to-equity ratio of 10.35.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.05. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.38 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The company’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the business posted $0.20 earnings per share. Research analysts expect that Norwegian Cruise Line will post 1.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NCLH. Transcendent Capital Group LLC acquired a new stake in Norwegian Cruise Line in the first quarter worth $27,000. Sentry Investment Management LLC acquired a new stake in Norwegian Cruise Line during the 2nd quarter worth $39,000. Blue Trust Inc. lifted its holdings in Norwegian Cruise Line by 489.8% during the third quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock worth $41,000 after acquiring an additional 1,817 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in Norwegian Cruise Line in the first quarter valued at about $61,000. Finally, Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Norwegian Cruise Line in the third quarter worth about $78,000. Institutional investors own 69.58% of the company’s stock.

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.