Norwegian Cruise Line (NYSE:NCLH) Receives “Hold” Rating from Argus

Argus reissued their hold rating on shares of Norwegian Cruise Line (NYSE:NCLH) in a research note published on Wednesday, MarketBeat Ratings reports.

Other equities research analysts have also issued research reports about the stock. Susquehanna reduced their price target on shares of Norwegian Cruise Line from $27.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, May 1st. Morgan Stanley reduced their price target on shares of Norwegian Cruise Line from $21.00 to $20.00 and set an “equal weight” rating for the company in a report on Tuesday, May 6th. Citigroup boosted their price target on shares of Norwegian Cruise Line from $24.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, June 5th. The Goldman Sachs Group reduced their price target on shares of Norwegian Cruise Line from $31.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Finally, Melius Research upgraded shares of Norwegian Cruise Line to a “strong-buy” rating in a report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.16.

Norwegian Cruise Line Price Performance

Norwegian Cruise Line stock opened at $18.38 on Wednesday. The stock has a market cap of $8.21 billion, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 0.31 and a beta of 2.12. The company has a debt-to-equity ratio of 9.09, a current ratio of 0.19 and a quick ratio of 0.16. Norwegian Cruise Line has a 1 year low of $14.21 and a 1 year high of $29.29. The firm has a 50-day moving average of $17.75 and a two-hundred day moving average of $21.91.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Norwegian Cruise Line had a net margin of 9.05% and a return on equity of 66.78%. Norwegian Cruise Line’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the firm earned $0.16 earnings per share. On average, research analysts forecast that Norwegian Cruise Line will post 1.48 earnings per share for the current year.

Institutional Trading of Norwegian Cruise Line

Large investors have recently bought and sold shares of the stock. Asset Management One Co. Ltd. boosted its holdings in Norwegian Cruise Line by 24.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 10,705 shares of the company’s stock valued at $276,000 after purchasing an additional 2,133 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in Norwegian Cruise Line by 3.5% during the fourth quarter. New York State Teachers Retirement System now owns 399,079 shares of the company’s stock worth $10,268,000 after buying an additional 13,678 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in Norwegian Cruise Line by 2.9% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 164,411 shares of the company’s stock worth $4,230,000 after buying an additional 4,619 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Norwegian Cruise Line by 56.3% during the fourth quarter. Principal Financial Group Inc. now owns 803,630 shares of the company’s stock worth $20,677,000 after buying an additional 289,543 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in Norwegian Cruise Line by 2.4% during the fourth quarter. CIBC Asset Management Inc now owns 62,437 shares of the company’s stock worth $1,607,000 after buying an additional 1,450 shares in 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.