Norwegian Cruise Line (NYSE:NCLH) Downgraded to “Sell” at StockNews.com

Norwegian Cruise Line (NYSE:NCLH) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

A number of other research firms also recently commented on NCLH. Truist Financial boosted their target price on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Bank of America increased their price objective on Norwegian Cruise Line from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Susquehanna lifted their target price on Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Tigress Financial reaffirmed a “strong-buy” rating and set a $32.00 target price on shares of Norwegian Cruise Line in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. lifted their price target on Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, eight 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, the company presently has an average rating of “Hold” and an average target price of $23.30.

Norwegian Cruise Line Stock Performance

Shares of NCLH opened at $23.38 on Monday. The firm has a market capitalization of $10.28 billion, a PE ratio of 27.51, a P/E/G ratio of 0.33 and a beta of 2.71. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 17.19. The firm has a 50-day moving average price of $18.43 and a 200 day moving average price of $18.09. Norwegian Cruise Line has a 52-week low of $12.70 and a 52-week high of $23.82.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (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 earned $0.20 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, sell-side analysts anticipate that Norwegian Cruise Line will post 1.38 earnings per share for the current fiscal year.

Institutional Trading of Norwegian Cruise Line

Several large investors have recently added to or reduced their stakes in the business. Creative Planning boosted its stake in shares of Norwegian Cruise Line by 2.5% during the 3rd quarter. Creative Planning now owns 523,989 shares of the company’s stock worth $10,747,000 after acquiring an additional 12,614 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in Norwegian Cruise Line by 1,048.6% during the third quarter. Exchange Traded Concepts LLC now owns 5,743 shares of the company’s stock valued at $118,000 after purchasing an additional 5,243 shares during the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Norwegian Cruise Line in the third quarter worth $78,000. Czech National Bank boosted its holdings in shares of Norwegian Cruise Line by 9.6% during the 3rd quarter. Czech National Bank now owns 89,569 shares of the company’s stock worth $1,837,000 after buying an additional 7,812 shares during the period. Finally, Handelsbanken Fonder AB grew its stake in Norwegian Cruise Line by 26.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 111,600 shares of the company’s stock valued at $2,289,000 after buying an additional 23,100 shares during the last quarter. 69.58% of the stock is owned by institutional investors.

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.