Norwegian Cruise Line (NYSE:NCLH) Upgraded by Argus to “Buy” Rating

Argus upgraded shares of Norwegian Cruise Line (NYSE:NCLH) from a hold rating to a buy rating in a research note issued to investors on Monday morning, MarketBeat.com reports.

NCLH has been the topic of a number of other research reports. Morgan Stanley increased their price target 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. Barclays boosted their price objective on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday. Macquarie increased their target price on Norwegian Cruise Line from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday. Citigroup raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $20.00 to $30.00 in a research report on Wednesday, October 9th. Finally, Susquehanna raised their price objective on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $25.80.

Norwegian Cruise Line Stock Up 1.1 %

Shares of NYSE NCLH opened at $25.15 on Monday. The company has a market cap of $11.06 billion, a P/E ratio of 23.07, a PEG ratio of 0.27 and a beta of 2.67. The firm has a 50-day simple moving average of $21.02 and a two-hundred day simple moving average of $18.66. Norwegian Cruise Line has a 1 year low of $12.70 and a 1 year high of $26.73. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.05. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.77 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 earnings per share. Research analysts anticipate that Norwegian Cruise Line will post 1.65 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NCLH. Transcendent Capital Group LLC purchased a new stake in Norwegian Cruise Line in the first quarter valued at approximately $27,000. Sentry Investment Management LLC purchased a new position in shares of Norwegian Cruise Line during the second quarter worth $39,000. Blue Trust Inc. lifted its position in Norwegian Cruise Line by 489.8% during the third quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock valued at $41,000 after purchasing an additional 1,817 shares during the period. Fidelis Capital Partners LLC purchased a new stake in Norwegian Cruise Line in the first quarter valued at $61,000. Finally, Moisand Fitzgerald Tamayo LLC acquired a new stake in Norwegian Cruise Line during the 3rd quarter worth about $78,000. 69.58% of the stock is owned by institutional investors and hedge funds.

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.