StockNews.com Downgrades Norwegian Cruise Line (NYSE:NCLH) to Sell

Norwegian Cruise Line (NYSE:NCLH) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Monday.

NCLH has been the subject of several other reports. Tigress Financial reiterated a “strong-buy” rating and set a $32.00 price objective on shares of Norwegian Cruise Line in a research note on Friday, August 9th. Susquehanna boosted their price target 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. Truist Financial increased 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. Stifel Nicolaus lifted their target price on shares of Norwegian Cruise Line from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Finally, Barclays increased their target price on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $23.30.

Norwegian Cruise Line Stock Up 4.1 %

NCLH opened at $24.30 on Monday. The company has a fifty day moving average of $18.77 and a two-hundred day moving average of $18.13. The company has a debt-to-equity ratio of 17.19, a quick ratio of 0.22 and a current ratio of 0.24. Norwegian Cruise Line has a fifty-two week low of $12.70 and a fifty-two week high of $24.76. The stock has a market capitalization of $10.43 billion, a price-to-earnings ratio of 34.71, a PEG ratio of 0.33 and a beta of 2.71.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.38 billion. Norwegian Cruise Line had a return on equity of 105.44% and a net margin of 4.62%. Norwegian Cruise Line’s revenue for the quarter 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. On average, research analysts expect that Norwegian Cruise Line will post 1.38 earnings per share for the current year.

Institutional Investors Weigh In On Norwegian Cruise Line

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its holdings in shares of Norwegian Cruise Line by 120.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock worth $470,889,000 after acquiring an additional 12,313,426 shares during the last quarter. Columbus Hill Capital Management L.P. acquired a new position in Norwegian Cruise Line during the second quarter worth $23,479,000. Dimensional Fund Advisors LP boosted its position in shares of Norwegian Cruise Line by 32.9% during the second quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock worth $85,835,000 after buying an additional 1,129,770 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in shares of Norwegian Cruise Line in the second quarter valued at $15,213,000. Finally, Hodges Capital Management Inc. raised its holdings in shares of Norwegian Cruise Line by 33.0% in the 2nd quarter. Hodges Capital Management Inc. now owns 1,521,440 shares of the company’s stock valued at $28,588,000 after buying an additional 377,233 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

About Norwegian Cruise Line

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.