Norwegian Cruise Line (NYSE:NCLH) Upgraded to Buy at Citigroup

Norwegian Cruise Line (NYSE:NCLH) was upgraded by research analysts at Citigroup from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The brokerage presently has a $30.00 target price on the stock, up from their prior target price of $20.00. Citigroup’s price target would suggest a potential upside of 30.32% from the company’s current price.

NCLH has been the subject of a number of other reports. Macquarie raised their target price on Norwegian Cruise Line from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Morgan Stanley boosted their target price on Norwegian Cruise Line from $16.50 to $17.50 and gave the stock an “underweight” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. boosted their target price on Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, September 16th. StockNews.com upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Tigress Financial reiterated a “strong-buy” rating and set a $32.00 target price on shares of Norwegian Cruise Line in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $23.30.

Norwegian Cruise Line Stock Down 0.2 %

NYSE:NCLH opened at $23.02 on Wednesday. The company has a market cap of $10.12 billion, a price-to-earnings ratio of 27.08, a price-to-earnings-growth ratio of 0.33 and a beta of 2.71. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 17.19. Norwegian Cruise Line has a twelve month low of $12.70 and a twelve month high of $23.37. The stock has a fifty day simple moving average of $18.29 and a 200-day simple moving average of $18.11.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. Analysts anticipate that Norwegian Cruise Line will post 1.38 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Transcendent Capital Group LLC bought a new position in Norwegian Cruise Line during the 1st quarter worth about $27,000. Sentry Investment Management LLC bought a new position in Norwegian Cruise Line during the 2nd quarter worth about $39,000. Fidelis Capital Partners LLC bought a new position in Norwegian Cruise Line during the 1st quarter worth about $61,000. Redmont Wealth Advisors LLC bought a new position in Norwegian Cruise Line during the 1st quarter worth about $80,000. Finally, Moisand Fitzgerald Tamayo LLC bought a new position in Norwegian Cruise Line during the 3rd quarter worth about $78,000. Institutional investors and hedge funds 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.