Norwegian Cruise Line (NYSE:NCLH) Raised 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 sent to investors on Sunday morning.

NCLH has been the topic of a number of other research reports. Susquehanna raised their price target on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Tigress Financial reissued a “strong-buy” rating and set a $32.00 price objective on shares of Norwegian Cruise Line in a report on Friday, August 9th. Stifel Nicolaus upped their target price on Norwegian Cruise Line from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Barclays increased their price objective 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, Bank of America increased their price target on shares of Norwegian Cruise Line from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Norwegian Cruise Line presently has an average rating of “Hold” and a consensus target price of $23.63.

Norwegian Cruise Line Stock Up 0.9 %

NCLH opened at $23.92 on Friday. Norwegian Cruise Line has a fifty-two week low of $12.70 and a fifty-two week high of $24.80. The firm has a market capitalization of $10.26 billion, a P/E ratio of 34.17, a PEG ratio of 0.33 and a beta of 2.71. The company’s 50-day moving average is $19.63 and its 200 day moving average is $18.29. 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 announced its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.38 billion. Norwegian Cruise Line had a return on equity of 105.44% and a net margin of 4.62%. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.20 EPS. Research analysts expect that Norwegian Cruise Line will post 1.38 earnings per share for the current fiscal year.

Institutional Trading of Norwegian Cruise Line

Several institutional investors have recently bought and sold shares of NCLH. Transcendent Capital Group LLC purchased a new stake in shares of Norwegian Cruise Line during the first quarter valued at approximately $27,000. Sentry Investment Management LLC purchased a new stake in Norwegian Cruise Line during the 2nd quarter valued at $39,000. Blue Trust Inc. increased its holdings in shares of Norwegian Cruise Line by 489.8% in the 3rd 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 shares of Norwegian Cruise Line in the first quarter worth $61,000. Finally, Moisand Fitzgerald Tamayo LLC bought a new position in shares of Norwegian Cruise Line during the third quarter valued at $78,000. 69.58% of the stock is owned by hedge funds and other 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.