Norwegian Cruise Line (NYSE:NCLH) Stock Rating Upgraded by StockNews.com

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued on Thursday.

Several other analysts have also commented on NCLH. Citigroup raised shares of Norwegian Cruise Line from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $20.00 to $30.00 in a research report on Wednesday, October 9th. Truist Financial boosted their price objective on Norwegian Cruise Line from $21.00 to $25.00 and gave the company a "buy" rating in a research note on Thursday, September 26th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a "hold" rating in a research note on Friday, November 1st. Macquarie boosted their price target on shares of Norwegian Cruise Line from $24.00 to $30.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Finally, Morgan Stanley increased their price objective on Norwegian Cruise Line from $17.50 to $19.00 and gave the stock an "underweight" rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $26.47.

Norwegian Cruise Line Stock Down 2.6 %

Shares of Norwegian Cruise Line stock traded down $0.71 on Thursday, hitting $27.05. The company had a trading volume of 9,669,681 shares, compared to its average volume of 12,924,935. Norwegian Cruise Line has a 1 year low of $12.70 and a 1 year high of $27.93. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. The stock has a 50 day moving average of $21.37 and a 200-day moving average of $18.78. The stock has a market capitalization of $11.89 billion, a price-to-earnings ratio of 25.03, a P/E/G ratio of 0.26 and a beta of 2.67.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.05. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The business had revenue of $2.81 billion for the quarter, compared to analysts' expectations of $2.77 billion. During the same period last year, the business earned $0.71 EPS. The business's revenue was up 10.7% on a year-over-year basis. As a group, sell-side analysts forecast that Norwegian Cruise Line will post 1.64 earnings per share for the current year.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of hedge funds have recently made changes to their positions in the business. nVerses Capital LLC purchased a new position in Norwegian Cruise Line in the 3rd quarter worth $615,000. Bleakley Financial Group LLC increased its holdings in shares of Norwegian Cruise Line by 9.3% in the first quarter. Bleakley Financial Group LLC now owns 15,095 shares of the company's stock worth $316,000 after buying an additional 1,281 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Norwegian Cruise Line by 26.7% in the 2nd quarter. Mackenzie Financial Corp now owns 1,008,327 shares of the company's stock valued at $18,946,000 after acquiring an additional 212,787 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in Norwegian Cruise Line by 7.0% during the 3rd quarter. New York State Common Retirement Fund now owns 905,441 shares of the company's stock valued at $18,571,000 after acquiring an additional 59,375 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Norwegian Cruise Line by 69.5% during the 2nd quarter. American Century Companies Inc. now owns 651,472 shares of the company's stock valued at $12,241,000 after acquiring an additional 267,155 shares during the period. 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.