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

Norwegian Cruise Line (NYSE:NCLH) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

Other research analysts have also issued reports about the stock. Citigroup cut their price objective on shares of Norwegian Cruise Line from $23.00 to $19.00 and set a “neutral” rating on the stock in a report on Monday, February 12th. Susquehanna dropped their price target on Norwegian Cruise Line from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. Truist Financial boosted their target price on Norwegian Cruise Line from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Friday, March 1st. Mizuho began coverage on shares of Norwegian Cruise Line in a report on Tuesday, March 26th. They issued a “neutral” rating and a $21.00 price target on the stock. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $25.00 price objective on shares of Norwegian Cruise Line in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Norwegian Cruise Line has an average rating of “Hold” and a consensus price target of $20.67.

Norwegian Cruise Line Stock Performance

Shares of NCLH stock opened at $16.20 on Wednesday. The company has a debt-to-equity ratio of 33.16, a quick ratio of 0.22 and a current ratio of 0.24. The stock has a market cap of $6.95 billion, a PE ratio of 23.14, a P/E/G ratio of 0.31 and a beta of 2.59. Norwegian Cruise Line has a 1 year low of $12.70 and a 1 year high of $22.75. The stock has a fifty day moving average price of $18.99 and a 200 day moving average price of $17.52.

Norwegian Cruise Line (NYSE:NCLH) last announced its earnings results on Tuesday, February 27th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). Norwegian Cruise Line had a return on equity of 136.20% and a net margin of 3.84%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the previous year, the firm posted ($1.10) EPS. Sell-side analysts forecast that Norwegian Cruise Line will post 1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Norwegian Cruise Line

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Norwegian Cruise Line by 40.6% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 303,599 shares of the company’s stock worth $6,354,000 after buying an additional 87,642 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Norwegian Cruise Line by 2.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 440,919 shares of the company’s stock valued at $9,228,000 after acquiring an additional 10,637 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Norwegian Cruise Line during the 1st quarter worth $257,000. Entropy Technologies LP increased its position in shares of Norwegian Cruise Line by 122.2% in the 1st quarter. Entropy Technologies LP now owns 146,765 shares of the company’s stock worth $3,072,000 after purchasing an additional 80,727 shares during the last quarter. Finally, Bleakley Financial Group LLC raised its stake in shares of Norwegian Cruise Line by 9.3% in the 1st quarter. Bleakley Financial Group LLC now owns 15,095 shares of the company’s stock valued at $316,000 after purchasing an additional 1,281 shares in the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

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.