Norwegian Cruise Line (NYSE:NCLH) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Norwegian Cruise Line (NYSE:NCLH) from a hold rating to a sell rating in a report released on Wednesday.

Several other equities research analysts have also weighed in on the stock. Barclays increased their price objective on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the stock an equal weight rating in a research note on Thursday, August 1st. Bank of America raised their price target on Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a neutral rating in a report on Tuesday, July 23rd. Citigroup upped their price objective on Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a neutral rating in a research note on Tuesday, May 21st. Truist Financial upgraded Norwegian Cruise Line from a hold rating to a buy rating and raised their target price for the company from $20.00 to $21.00 in a research note on Wednesday, May 29th. Finally, Mizuho upgraded shares of Norwegian Cruise Line from a neutral rating to a buy rating and upped their price target for the stock from $21.00 to $24.00 in a research report on Tuesday, May 28th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Norwegian Cruise Line currently has an average rating of Hold and an average price target of $22.38.

Norwegian Cruise Line Trading Down 1.8 %

NYSE:NCLH opened at $17.29 on Wednesday. The company has a market cap of $7.42 billion, a PE ratio of 24.70, a P/E/G ratio of 0.26 and a beta of 2.69. The business’s 50 day moving average is $17.67 and its two-hundred day moving average is $17.90. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 17.19. Norwegian Cruise Line has a 52 week low of $12.70 and a 52 week high of $21.73.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter in the previous year, the company posted $0.20 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis. On average, analysts predict that Norwegian Cruise Line will post 1.34 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Victory Capital Management Inc. raised its holdings in shares of Norwegian Cruise Line by 6.2% in the 4th quarter. Victory Capital Management Inc. now owns 1,305,968 shares of the company’s stock worth $26,172,000 after purchasing an additional 76,794 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Norwegian Cruise Line by 6.6% in the fourth quarter. Private Advisor Group LLC now owns 25,540 shares of the company’s stock valued at $512,000 after buying an additional 1,581 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at $225,000. Principal Securities Inc. bought a new stake in shares of Norwegian Cruise Line during the 4th quarter worth $167,000. Finally, Mount Lucas Management LP grew its holdings in shares of Norwegian Cruise Line by 80.6% in the 4th quarter. Mount Lucas Management LP now owns 53,582 shares of the company’s stock worth $1,074,000 after acquiring an additional 23,913 shares during the last quarter. 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.