Norwegian Cruise Line (NYSE:NCLH) Raised to “Buy” at Citigroup

Citigroup upgraded shares of Norwegian Cruise Line (NYSE:NCLH) from a neutral rating to a buy rating in a report published on Wednesday, Marketbeat.com reports. They currently have $30.00 price objective on the stock, up from their prior price objective of $20.00.

A number of other analysts have also recently issued reports on NCLH. Truist Financial increased their target price on Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a buy rating in a research note on Thursday, September 26th. Morgan Stanley boosted their price objective on shares of Norwegian Cruise Line from $16.50 to $17.50 and gave the stock an underweight rating in a research note on Wednesday, August 7th. Bank of America raised their price target on Norwegian Cruise Line from $20.00 to $23.00 and gave the company a neutral rating in a report on Tuesday, July 23rd. StockNews.com upgraded Norwegian Cruise Line from a sell rating to a hold rating in a report on Tuesday. Finally, Tigress Financial restated a strong-buy rating and issued a $32.00 price target on shares of Norwegian Cruise Line in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus target price of $23.30.

Norwegian Cruise Line Trading Up 1.6 %

NYSE:NCLH opened at $23.38 on Wednesday. The firm has a market capitalization of $10.28 billion, a price-to-earnings ratio of 27.51, a PEG ratio of 0.33 and a beta of 2.71. Norwegian Cruise Line has a 1-year low of $12.70 and a 1-year high of $23.82. The business’s 50-day moving average price is $18.43 and its two-hundred day moving average price is $18.13. 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 released 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. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. 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 quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities analysts expect that Norwegian Cruise Line will post 1.38 earnings per share for the current year.

Institutional Trading of Norwegian Cruise Line

Several hedge funds have recently made changes to their positions in NCLH. Transcendent Capital Group LLC purchased a new position in Norwegian Cruise Line during the first quarter worth about $27,000. Sentry Investment Management LLC purchased a new stake in Norwegian Cruise Line in the 2nd quarter worth approximately $39,000. Fidelis Capital Partners LLC bought a new stake in Norwegian Cruise Line in the first quarter valued at $61,000. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Norwegian Cruise Line during the third quarter valued at about $78,000. Finally, Redmont Wealth Advisors LLC purchased a new position in shares of Norwegian Cruise Line during the 1st quarter worth approximately $80,000. 69.58% of the stock is currently 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.