Norwegian Cruise Line’s (NCLH) Hold Rating Reiterated at Argus

Argus reiterated their hold rating on shares of Norwegian Cruise Line (NYSE:NCLH) in a report issued on Wednesday morning, MarketBeat reports.

Other research analysts also recently issued reports about the company. Loop Capital cut their price objective on Norwegian Cruise Line from $25.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. BNP Paribas started coverage on Norwegian Cruise Line in a report on Thursday, March 27th. They issued a “neutral” rating and a $21.00 price target on the stock. JPMorgan Chase & Co. raised Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 price target on the stock in a report on Monday, March 17th. Citigroup boosted their price target on Norwegian Cruise Line from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, June 5th. Finally, Susquehanna lowered their price target on Norwegian Cruise Line from $27.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $25.16.

Norwegian Cruise Line Trading Up 2.7%

Norwegian Cruise Line stock opened at $18.89 on Wednesday. The business has a 50-day simple moving average of $17.84 and a two-hundred day simple moving average of $21.78. The company has a market cap of $8.44 billion, a P/E ratio of 10.92, a P/E/G ratio of 0.32 and a beta of 2.12. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 9.09. Norwegian Cruise Line has a 52-week low of $14.21 and a 52-week high of $29.29.

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

Institutional Trading of Norwegian Cruise Line

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cookson Peirce & Co. Inc. bought a new position in shares of Norwegian Cruise Line during the 4th quarter worth $654,000. Jupiter Asset Management Ltd. grew its position in shares of Norwegian Cruise Line by 365.5% during the 4th quarter. Jupiter Asset Management Ltd. now owns 2,168,658 shares of the company’s stock worth $55,800,000 after buying an additional 1,702,748 shares in the last quarter. Granahan Investment Management LLC bought a new position in shares of Norwegian Cruise Line during the 4th quarter worth $7,634,000. Charles Schwab Investment Management Inc. grew its position in shares of Norwegian Cruise Line by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,547,816 shares of the company’s stock worth $91,285,000 after buying an additional 47,507 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Norwegian Cruise Line by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company’s stock worth $1,371,596,000 after buying an additional 277,360 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Company Profile

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.