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

Norwegian Cruise Line (NYSE:NCLH) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Sunday.

A number of other research firms have also recently weighed in on NCLH. Stifel Nicolaus lifted their target price on shares of Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Tigress Financial reiterated a “strong-buy” rating and issued a $32.00 price target on shares of Norwegian Cruise Line in a research note on Friday, August 9th. Bank of America increased their target price on Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Macquarie boosted their price objective on shares of Norwegian Cruise Line from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, Truist Financial upped their price target on Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $23.30.

Norwegian Cruise Line Stock Down 1.2 %

NCLH stock opened at $23.81 on Friday. The stock has a market capitalization of $10.22 billion, a P/E ratio of 34.01, a P/E/G ratio of 0.33 and a beta of 2.71. The company has a debt-to-equity ratio of 17.19, a current ratio of 0.24 and a quick ratio of 0.22. Norwegian Cruise Line has a 1-year low of $12.70 and a 1-year high of $24.80. The business has a fifty day moving average price of $19.30 and a 200-day moving average price of $18.23.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.38 billion. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 earnings per share. Equities analysts forecast that Norwegian Cruise Line will post 1.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Norwegian Cruise Line

A number of institutional investors and hedge funds have recently modified their holdings of the company. American International Group Inc. boosted its position in shares of Norwegian Cruise Line by 3.6% during the 4th quarter. American International Group Inc. now owns 117,510 shares of the company’s stock worth $2,355,000 after acquiring an additional 4,052 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Norwegian Cruise Line by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 201,150 shares of the company’s stock worth $4,031,000 after buying an additional 10,174 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Norwegian Cruise Line by 20.7% in the 1st quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock valued at $109,000 after buying an additional 888 shares during the last quarter. Mather Group LLC. acquired a new position in Norwegian Cruise Line in the first quarter valued at $87,000. Finally, International Assets Investment Management LLC increased its position in Norwegian Cruise Line by 16.4% during the first quarter. International Assets Investment Management LLC now owns 13,362 shares of the company’s stock worth $280,000 after buying an additional 1,880 shares during the period. Institutional investors and hedge funds 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.