Norwegian Cruise Line (NYSE:NCLH) Upgraded by StockNews.com to Hold

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 Wednesday morning.

A number of other research analysts also recently weighed in on NCLH. Susquehanna increased their target price on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a neutral rating in a report on Friday, August 2nd. Stifel Nicolaus increased their target price on Norwegian Cruise Line from $26.00 to $27.00 and gave the company a buy rating in a report on Thursday, August 1st. Morgan Stanley increased their target price on Norwegian Cruise Line from $16.50 to $17.50 and gave the company an underweight rating in a report on Wednesday, August 7th. Macquarie raised their price objective 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. Finally, Tigress Financial reaffirmed a strong-buy rating and issued a $32.00 price objective on shares of Norwegian Cruise Line in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $22.43.

Norwegian Cruise Line Trading Down 0.3 %

NYSE NCLH opened at $19.86 on Wednesday. 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 12 month low of $12.70 and a 12 month high of $21.73. The stock has a market cap of $8.52 billion, a P/E ratio of 28.37, a P/E/G ratio of 0.30 and a beta of 2.70. The stock’s fifty day moving average price is $17.94 and its 200-day moving average price is $18.05.

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

Institutional Trading of Norwegian Cruise Line

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Transcendent Capital Group LLC bought a new stake in Norwegian Cruise Line during the 1st quarter valued at approximately $27,000. YHB Investment Advisors Inc. purchased a new position in Norwegian Cruise Line during the 1st quarter valued at approximately $39,000. Sentry Investment Management LLC purchased a new position in Norwegian Cruise Line during the 2nd quarter valued at approximately $39,000. 1832 Asset Management L.P. purchased a new position in Norwegian Cruise Line during the 4th quarter valued at approximately $44,000. Finally, Fidelis Capital Partners LLC purchased a new position in Norwegian Cruise Line during the 1st quarter valued at approximately $61,000. 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.