Wall Street Zen upgraded shares of Norwegian Cruise Line (NYSE:NCLH – Free Report) from a sell rating to a hold rating in a research note released on Sunday,Wall Street Zen reports.
A number of other brokerages have also recently commented on NCLH. Citigroup boosted their price objective on Norwegian Cruise Line from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. Truist Financial dropped their target price on Norwegian Cruise Line from $20.00 to $16.00 and set a “hold” rating on the stock in a report on Thursday, September 24th. The Goldman Sachs Group boosted their price target on Norwegian Cruise Line from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, October 30th. TD Cowen dropped their price objective on shares of Norwegian Cruise Line from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, October 20th. Finally, Barclays reduced their target price on shares of Norwegian Cruise Line from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $20.18.
Read Our Latest Analysis on NCLH
Norwegian Cruise Line Price Performance
NCLH opened at $17.95 on Friday. Norwegian Cruise Line has a 52-week low of $13.63 and a 52-week high of $25.13. The company has a 50 day moving average of $15.48 and a two-hundred day moving average of $18.64. The company has a market cap of $8.24 billion, a P/E ratio of 9.91, a P/E/G ratio of 0.94 and a beta of 1.99. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 4.43.
Norwegian Cruise Line (NYSE:NCLH – Get Free Report) last posted its earnings results on Thursday, October 29th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.19. Norwegian Cruise Line had a net margin of 8.20% and a return on equity of 34.28%. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.88 billion. During the same quarter in the previous year, the business posted $1.20 EPS. The business’s quarterly revenue was up .3% on a year-over-year basis. On average, analysts expect that Norwegian Cruise Line will post 1.49 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of NCLH. Versant Capital Management Inc lifted its position in shares of Norwegian Cruise Line by 278.4% during the third quarter. Versant Capital Management Inc now owns 1,888 shares of the company’s stock worth $28,000 after purchasing an additional 1,389 shares during the last quarter. Heritage Family Offices LLP acquired a new position in shares of Norwegian Cruise Line in the 3rd quarter worth approximately $30,000. Reyes Financial Architecture Inc. bought a new stake in shares of Norwegian Cruise Line in the 3rd quarter valued at approximately $37,000. Root Financial Partners LLC bought a new stake in shares of Norwegian Cruise Line in the 3rd quarter valued at approximately $41,000. Finally, Pension & Wealth Management Advisors Inc. acquired a new stake in shares of Norwegian Cruise Line during the 3rd quarter valued at approximately $48,000. Institutional investors and hedge funds own 69.58% of the company’s stock.
About Norwegian Cruise Line
Norwegian Cruise Line Holdings Ltd. is a global cruise company that operates three brands: Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. Its businesses provide cruise vacations, including onboard dining, entertainment and other guest services, as well as shore excursions at destinations on their itineraries.
Norwegian Cruise Line offers contemporary cruise experiences, while Oceania Cruises focuses on destination-oriented travel and cuisine. Regent Seven Seas Cruises offers an all-inclusive luxury cruise experience.
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