Norwegian Cruise Line (NYSE:NCLH - Get Free Report) was upgraded by equities researchers at StockNews.com from a "sell" rating to a "hold" rating in a research note issued to investors on Sunday.
Other analysts have also issued reports about the company. Bank of America lifted their price target on Norwegian Cruise Line from $20.00 to $23.00 and gave the company a "neutral" rating in a research note on Tuesday, July 23rd. Tigress Financial reissued a "strong-buy" rating and set a $32.00 target price on shares of Norwegian Cruise Line in a report on Friday, August 9th. Morgan Stanley raised their price target on shares of Norwegian Cruise Line from $16.50 to $17.50 and gave the company an "underweight" rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price objective on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a "neutral" rating in a research note on Monday, September 16th. Finally, Susquehanna raised their target price on Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Norwegian Cruise Line currently has a consensus rating of "Hold" and an average target price of $23.30.
View Our Latest Analysis on Norwegian Cruise Line
Norwegian Cruise Line Stock Down 1.2 %
NCLH stock traded down $0.30 during mid-day trading on Friday, reaching $23.81. The company had a trading volume of 6,579,635 shares, compared to its average volume of 13,010,295. The company has a market capitalization of $10.22 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 0.33 and a beta of 2.71. Norwegian Cruise Line has a 52 week low of $12.70 and a 52 week high of $24.80. The stock has a 50 day simple moving average of $19.30 and a two-hundred day simple moving average of $18.22. 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 - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter last year, the firm posted $0.20 EPS. The company's quarterly revenue was up 7.6% on a year-over-year basis. As a group, equities analysts predict that Norwegian Cruise Line will post 1.38 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. American International Group Inc. increased its position in Norwegian Cruise Line by 3.6% during the 4th quarter. American International Group Inc. now owns 117,510 shares of the company's stock valued at $2,355,000 after purchasing an additional 4,052 shares during the period. Wellington Management Group LLP raised its stake in Norwegian Cruise Line by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 201,150 shares of the company's stock worth $4,031,000 after buying an additional 10,174 shares in the last quarter. GAMMA Investing LLC raised its stake in Norwegian Cruise Line by 20.7% in the first quarter. GAMMA Investing LLC now owns 5,186 shares of the company's stock worth $109,000 after buying an additional 888 shares in the last quarter. Mather Group LLC. purchased a new stake in Norwegian Cruise Line in the first quarter worth about $87,000. Finally, International Assets Investment Management LLC boosted its position in Norwegian Cruise Line by 16.4% during the 1st quarter. International Assets Investment Management LLC now owns 13,362 shares of the company's stock valued at $280,000 after acquiring an additional 1,880 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company's stock.
Norwegian Cruise Line Company Profile
(
Get Free Report)
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.
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