Argus Upgrades Norwegian Cruise Line (NYSE:NCLH) to Buy

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

A number of other equities analysts have also recently issued reports on NCLH. The Goldman Sachs Group boosted their price objective on shares of Norwegian Cruise Line from $24.00 to $29.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Macquarie boosted their price target on Norwegian Cruise Line from $24.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Stifel Nicolaus lifted their price objective on Norwegian Cruise Line from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, Citigroup raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and increased their target price for the stock from $20.00 to $30.00 in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $26.47.

Norwegian Cruise Line Trading Down 2.6 %

NYSE NCLH opened at $27.05 on Monday. The firm has a market cap of $11.89 billion, a PE ratio of 25.03, a price-to-earnings-growth ratio of 0.26 and a beta of 2.67. Norwegian Cruise Line has a 1-year low of $12.70 and a 1-year high of $27.93. The stock has a 50-day moving average of $21.37 and a 200-day moving average of $18.78. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.05. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The business’s revenue was up 10.7% on a year-over-year basis. As a group, sell-side analysts forecast that Norwegian Cruise Line will post 1.64 EPS for the current year.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of institutional investors have recently made changes to their positions in the company. nVerses Capital LLC purchased a new position in shares of Norwegian Cruise Line in the third quarter worth $615,000. Bleakley Financial Group LLC grew its stake in shares of Norwegian Cruise Line by 9.3% in the first quarter. Bleakley Financial Group LLC now owns 15,095 shares of the company’s stock worth $316,000 after acquiring an additional 1,281 shares during the period. Mackenzie Financial Corp raised its holdings in shares of Norwegian Cruise Line by 26.7% during the second quarter. Mackenzie Financial Corp now owns 1,008,327 shares of the company’s stock valued at $18,946,000 after purchasing an additional 212,787 shares during the last quarter. New York State Common Retirement Fund lifted its position in Norwegian Cruise Line by 7.0% during the third quarter. New York State Common Retirement Fund now owns 905,441 shares of the company’s stock valued at $18,571,000 after purchasing an additional 59,375 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Norwegian Cruise Line by 69.5% in the second quarter. American Century Companies Inc. now owns 651,472 shares of the company’s stock worth $12,241,000 after purchasing an additional 267,155 shares during the last quarter. Hedge funds and other 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.