Norwegian Cruise Line (NYSE:NCLH) Stock Rating Upgraded by Argus

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) was upgraded by Argus from a "hold" rating to a "buy" rating in a research report issued on Monday, MarketBeat Ratings reports.

A number of other research firms have also recently commented on NCLH. Susquehanna increased their target price on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. Macquarie increased their price objective on shares of Norwegian Cruise Line from $24.00 to $30.00 and gave the company an "outperform" rating in a research note on Friday. Truist Financial boosted their target price on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a "buy" rating in a research note on Thursday, September 26th. Bank of America increased 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. Finally, Morgan Stanley boosted 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. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $25.80.

Norwegian Cruise Line Price Performance

Shares of NYSE:NCLH traded up $0.27 during midday trading on Monday, hitting $25.15. The stock had a trading volume of 9,997,762 shares, compared to its average volume of 12,923,828. The company's 50-day moving average price is $20.86 and its 200-day moving average price is $18.61. Norwegian Cruise Line has a fifty-two week low of $12.70 and a fifty-two week high of $26.73. The company has a quick ratio of 0.22, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The company has a market capitalization of $11.06 billion, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 0.33 and a beta of 2.67.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.94 by $0.05. The business had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.77 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 10.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.71 earnings per share. As a group, equities research analysts predict that Norwegian Cruise Line will post 1.38 EPS for the current fiscal year.

Institutional Trading of Norwegian Cruise Line

A number of institutional investors have recently bought and sold shares of NCLH. Transcendent Capital Group LLC acquired a new stake in shares of Norwegian Cruise Line during the 1st quarter worth approximately $27,000. Sentry Investment Management LLC bought a new position in Norwegian Cruise Line during the second quarter worth $39,000. Blue Trust Inc. grew its holdings in Norwegian Cruise Line by 489.8% in the third quarter. Blue Trust Inc. now owns 2,188 shares of the company's stock worth $41,000 after purchasing an additional 1,817 shares during the period. Fidelis Capital Partners LLC bought a new stake in Norwegian Cruise Line in the first quarter valued at $61,000. Finally, Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Norwegian Cruise Line during the third quarter valued at 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.