Norwegian Cruise Line (NYSE:NCLH) Rating Increased to Hold at Wall Street Zen

Norwegian Cruise Line (NYSE:NCLH) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other equities analysts have also recently commented on NCLH. BNP Paribas began coverage on Norwegian Cruise Line in a report on Thursday, March 27th. They issued a “neutral” rating and a $21.00 target price for the company. UBS Group dropped their target price on Norwegian Cruise Line from $29.00 to $23.00 and set a “neutral” rating for the company in a report on Monday, June 30th. Northcoast Research began coverage on Norwegian Cruise Line in a report on Friday, April 25th. They issued a “buy” rating and a $21.00 target price for the company. Barclays lifted their target price on Norwegian Cruise Line from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Finally, The Goldman Sachs Group dropped their target price on Norwegian Cruise Line from $31.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $25.42.

Norwegian Cruise Line Stock Performance

NYSE NCLH opened at $23.60 on Friday. The stock has a market capitalization of $10.54 billion, a PE ratio of 13.64, a P/E/G ratio of 0.41 and a beta of 2.13. The business has a 50 day simple moving average of $19.70 and a two-hundred day simple moving average of $21.10. 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.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.02). The firm had revenue of $2.13 billion for 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%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.16 EPS. On average, research analysts predict that Norwegian Cruise Line will post 1.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of institutional investors and hedge funds have recently bought and sold shares of the company. United Capital Financial Advisors LLC raised its position in Norwegian Cruise Line by 3.7% during the 4th quarter. United Capital Financial Advisors LLC now owns 13,928 shares of the company’s stock valued at $358,000 after purchasing an additional 498 shares in the last quarter. Scotia Capital Inc. raised its position in Norwegian Cruise Line by 0.5% during the 4th quarter. Scotia Capital Inc. now owns 113,778 shares of the company’s stock valued at $2,928,000 after purchasing an additional 540 shares in the last quarter. Brooklyn Investment Group raised its position in shares of Norwegian Cruise Line by 22.0% in the 1st quarter. Brooklyn Investment Group now owns 3,394 shares of the company’s stock worth $64,000 after acquiring an additional 613 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Norwegian Cruise Line by 35.0% in the 4th quarter. Quadrant Capital Group LLC now owns 2,524 shares of the company’s stock worth $65,000 after acquiring an additional 654 shares in the last quarter. Finally, Burns Matteson Capital Management LLC raised its position in shares of Norwegian Cruise Line by 4.0% in the 1st quarter. Burns Matteson Capital Management LLC now owns 17,618 shares of the company’s stock worth $334,000 after acquiring an additional 677 shares in 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.