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

Norwegian Cruise Line (NYSE:NCLH) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

Other research analysts also recently issued reports about the company. Truist Financial boosted their price objective on Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Morgan Stanley upped their price target on shares of Norwegian Cruise Line from $17.50 to $19.00 and gave the stock an “underweight” rating in a research report on Wednesday. Stifel Nicolaus raised their price objective on shares of Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Macquarie upped 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. Finally, Citigroup raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and raised their price target for the company from $20.00 to $30.00 in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $23.73.

Norwegian Cruise Line Trading Up 6.1 %

Shares of Norwegian Cruise Line stock opened at $25.30 on Wednesday. The company has a debt-to-equity ratio of 17.19, a current ratio of 0.24 and a quick ratio of 0.22. The stock has a market capitalization of $11.12 billion, a PE ratio of 29.76, a P/E/G ratio of 0.33 and a beta of 2.71. Norwegian Cruise Line has a 1-year low of $12.70 and a 1-year high of $26.73. The company’s fifty day simple moving average is $20.72 and its 200-day simple moving average is $18.54.

Norwegian Cruise Line (NYSE:NCLH) last released 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 business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same quarter in the previous year, the company posted $0.20 earnings per share. Norwegian Cruise Line’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, equities analysts anticipate that Norwegian Cruise Line will post 1.38 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Transcendent Capital Group LLC purchased a new position in Norwegian Cruise Line in the first quarter worth about $27,000. Sentry Investment Management LLC bought a new stake in shares of Norwegian Cruise Line in the 2nd quarter valued at approximately $39,000. Blue Trust Inc. lifted its stake in shares of Norwegian Cruise Line by 489.8% in the 3rd quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock valued at $41,000 after purchasing an additional 1,817 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of Norwegian Cruise Line in the 1st quarter worth approximately $61,000. Finally, Moisand Fitzgerald Tamayo LLC bought a new position in shares of Norwegian Cruise Line during the 3rd quarter valued at approximately $78,000. 69.58% of the stock is owned by hedge funds and other 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.