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

StockNews.com cut shares of Norwegian Cruise Line (NYSE:NCLH) from a hold rating to a sell rating in a report published on Monday morning.

Other equities analysts also recently issued research reports about the stock. Morgan Stanley boosted their price target on shares of Norwegian Cruise Line from $16.50 to $17.50 and gave the company an underweight rating in a report on Wednesday, August 7th. Stifel Nicolaus upped their target price on shares of Norwegian Cruise Line from $26.00 to $27.00 and gave the stock a buy rating in a research report on Thursday, August 1st. UBS Group lifted their price target on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a neutral rating in a report on Tuesday, May 21st. Citigroup increased their price objective on Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a neutral rating in a report on Tuesday, May 21st. Finally, Truist Financial raised Norwegian Cruise Line from a hold rating to a buy rating and lifted their target price for the company from $20.00 to $21.00 in a research note on Wednesday, May 29th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $22.17.

Norwegian Cruise Line Stock Performance

Shares of NYSE NCLH opened at $19.84 on Monday. 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’s 50-day moving average price is $17.77 and its two-hundred day moving average price is $17.99. Norwegian Cruise Line has a 52-week low of $12.70 and a 52-week high of $21.73. The stock has a market capitalization of $8.51 billion, a P/E ratio of 28.34, a P/E/G ratio of 0.27 and a beta of 2.70.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter last year, the business posted $0.20 EPS. The business’s revenue was up 7.6% on a year-over-year basis. As a group, sell-side analysts forecast that Norwegian Cruise Line will post 1.37 earnings per share for the current year.

Institutional Investors Weigh In On Norwegian Cruise Line

Several hedge funds and other institutional investors have recently bought and sold shares of NCLH. Transcendent Capital Group LLC acquired a new position in shares of Norwegian Cruise Line in the 1st quarter worth approximately $27,000. YHB Investment Advisors Inc. acquired a new position in Norwegian Cruise Line in the first quarter worth approximately $39,000. Sentry Investment Management LLC bought a new position in shares of Norwegian Cruise Line in the second quarter valued at $39,000. 1832 Asset Management L.P. acquired a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at $44,000. Finally, Fidelis Capital Partners LLC bought a new stake in shares of Norwegian Cruise Line during the 1st quarter worth $61,000. 69.58% of the stock is currently 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.