Mizuho Begins Coverage on Norwegian Cruise Line (NYSE:NCLH)

Mizuho began coverage on shares of Norwegian Cruise Line (NYSE:NCLH) in a research report sent to investors on Tuesday, Marketbeat.com reports. The firm issued a neutral rating and a $21.00 price target on the stock.

NCLH has been the subject of a number of other reports. Citigroup lowered their price target on shares of Norwegian Cruise Line from $23.00 to $19.00 and set a neutral rating for the company in a report on Monday, February 12th. Truist Financial upped their price target on Norwegian Cruise Line from $17.00 to $20.00 and gave the stock a hold rating in a research note on Friday, March 1st. The Goldman Sachs Group assumed coverage on shares of Norwegian Cruise Line in a research report on Wednesday, March 13th. They set a neutral rating and a $19.00 price target for the company. Susquehanna lifted their price objective on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the company a neutral rating in a research note on Wednesday, February 28th. Finally, Morgan Stanley raised their target price on Norwegian Cruise Line from $14.00 to $15.00 and gave the company an underweight rating in a research note on Tuesday, March 5th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $20.93.

Norwegian Cruise Line Price Performance

Shares of NYSE NCLH opened at $20.93 on Tuesday. The firm has a market capitalization of $8.91 billion, a P/E ratio of 74.75, a PEG ratio of 0.45 and a beta of 2.59. Norwegian Cruise Line has a one year low of $12.41 and a one year high of $22.75. The company’s fifty day moving average is $18.38 and its two-hundred day moving average is $17.09. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.19 and a current ratio of 0.22.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Tuesday, February 27th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.05). The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Norwegian Cruise Line had a net margin of 1.94% and a return on equity of 108.69%. During the same period in the previous year, the business earned ($1.10) earnings per share. Analysts forecast that Norwegian Cruise Line will post 0.99 EPS for the current fiscal year.

Institutional Trading of Norwegian Cruise Line

A number of institutional investors and hedge funds have recently made changes to their positions in NCLH. Covestor Ltd increased its holdings in shares of Norwegian Cruise Line by 5,020.8% in the 1st quarter. Covestor Ltd now owns 1,229 shares of the company’s stock worth $27,000 after acquiring an additional 1,205 shares during the period. Parkside Financial Bank & Trust raised its position in shares of Norwegian Cruise Line by 272.7% during the 1st quarter. Parkside Financial Bank & Trust now owns 1,856 shares of the company’s stock worth $40,000 after buying an additional 1,358 shares in the last quarter. Stonebridge Capital Advisors LLC raised its holdings in Norwegian Cruise Line by 46.2% during the second quarter. Stonebridge Capital Advisors LLC now owns 1,900 shares of the company’s stock worth $41,000 after purchasing an additional 600 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Norwegian Cruise Line during the 3rd quarter valued at $42,000. Finally, 1832 Asset Management L.P. acquired a new position in Norwegian Cruise Line during the fourth quarter worth about $44,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

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.