Norwegian Cruise Line (NYSE:NCLH) Lowered to Sell at StockNews.com

StockNews.com lowered shares of Norwegian Cruise Line (NYSE:NCLH) from a hold rating to a sell rating in a research note issued to investors on Monday.

Other research analysts have also recently issued research reports about the stock. Tigress Financial restated a strong-buy rating and issued a $32.00 target price on shares of Norwegian Cruise Line in a report on Friday, August 9th. Macquarie raised their target price on shares of Norwegian Cruise Line from $23.00 to $24.00 and gave the stock an outperform rating in a report on Thursday, August 1st. Stifel Nicolaus raised their price target on Norwegian Cruise Line from $27.00 to $29.00 and gave the stock a buy rating in a research note on Friday, October 4th. Morgan Stanley raised their price target 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. Finally, Barclays raised their price target on 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $23.30.

Norwegian Cruise Line Stock Performance

NYSE:NCLH opened at $23.35 on Monday. The company has a debt-to-equity ratio of 17.19, a quick ratio of 0.22 and a current ratio of 0.24. Norwegian Cruise Line has a fifty-two week low of $12.70 and a fifty-two week high of $23.82. The firm has a market cap of $10.02 billion, a PE ratio of 33.36, a price-to-earnings-growth ratio of 0.33 and a beta of 2.71. The business has a 50 day moving average price of $18.59 and a 200-day moving average price of $18.11.

Norwegian Cruise Line (NYSE:NCLH) last issued its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $2.38 billion. During the same quarter last year, the business earned $0.20 earnings per share. The business’s revenue was up 7.6% on a year-over-year basis. Equities research analysts predict that Norwegian Cruise Line will post 1.38 earnings per share for the current year.

Hedge Funds Weigh In On Norwegian Cruise Line

Several large investors have recently modified their holdings of NCLH. Transcendent Capital Group LLC purchased a new position in shares of Norwegian Cruise Line in the 1st quarter worth about $27,000. Sentry Investment Management LLC bought a new stake in Norwegian Cruise Line in the 2nd quarter worth about $39,000. Fidelis Capital Partners LLC bought a new stake in Norwegian Cruise Line in the 1st quarter worth about $61,000. Moisand Fitzgerald Tamayo LLC bought a new stake in Norwegian Cruise Line in the 3rd quarter worth about $78,000. Finally, Redmont Wealth Advisors LLC bought a new stake in Norwegian Cruise Line in the 1st quarter worth about $80,000. Hedge funds and other institutional investors 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.