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 note issued to investors on Tuesday.

Other research analysts have also recently issued research reports about the stock. Macquarie boosted their price objective on shares of Norwegian Cruise Line from $23.00 to $24.00 and gave the stock an outperform rating in a research report on Thursday, August 1st. Susquehanna boosted 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. Bank of America raised their price target on Norwegian Cruise Line from $20.00 to $23.00 and gave the company a neutral rating in a report on Tuesday, July 23rd. Morgan Stanley boosted their price objective on Norwegian Cruise Line from $16.50 to $17.50 and gave the stock an underweight rating in a report on Wednesday, August 7th. Finally, Truist Financial raised their target price on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the company a buy rating in a research note on Thursday, September 26th. One 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’s stock. According to data from MarketBeat.com, Norwegian Cruise Line presently has a consensus rating of Hold and a consensus price target of $23.30.

Norwegian Cruise Line Trading Down 0.2 %

Shares of NCLH opened at $23.02 on Tuesday. The company has a debt-to-equity ratio of 17.19, a quick ratio of 0.22 and a current ratio of 0.24. The company has a market cap of $10.12 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 0.33 and a beta of 2.71. The stock has a fifty day moving average price of $18.29 and a two-hundred day moving average price of $18.11. Norwegian Cruise Line has a 52-week low of $12.70 and a 52-week high of $23.37.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Norwegian Cruise Line had a return on equity of 105.44% and a net margin of 4.62%. The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same period in the previous year, the business posted $0.20 earnings per share. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. Analysts predict that Norwegian Cruise Line will post 1.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Norwegian Cruise Line

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Norwegian Cruise Line by 0.7% during the first quarter. Vanguard Group Inc. now owns 49,539,911 shares of the company’s stock worth $1,036,870,000 after acquiring an additional 324,287 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake 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 valued at $470,889,000 after purchasing an additional 12,313,426 shares during the period. Capital International Investors lifted its holdings in shares of Norwegian Cruise Line by 0.5% in the first quarter. Capital International Investors now owns 20,216,746 shares of the company’s stock valued at $423,136,000 after purchasing an additional 102,948 shares in the last quarter. 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. Finally, Victory Capital Management Inc. grew its holdings in shares of Norwegian Cruise Line by 18.6% during the second quarter. Victory Capital Management Inc. now owns 1,787,660 shares of the company’s stock worth $33,590,000 after buying an additional 280,654 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors.

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.