Norwegian Cruise Line (NYSE:NCLH) Raised 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 report issued on Sunday, Wall Street Zen reports.

Several other analysts have also recently issued reports on NCLH. Truist Financial lowered their price objective on shares of Norwegian Cruise Line from $20.00 to $16.00 and set a “hold” rating for the company in a research note on Thursday, September 24th. UBS Group increased their target price on Norwegian Cruise Line from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 18th. Zacks Research raised Norwegian Cruise Line from a “strong sell” rating to a “hold” rating in a research report on Friday, October 16th. Freedom Broker upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating and lifted their target price for the company from $20.00 to $22.00 in a report on Friday, October 30th. Finally, Mizuho downgraded Norwegian Cruise Line from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $22.00 to $17.00 in a research report on Tuesday, August 18th. One equities research 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $20.18.

Norwegian Cruise Line Trading Up 2.8%

Shares of NCLH stock opened at $18.43 on Friday. The firm has a market cap of $8.46 billion, a P/E ratio of 10.18, a PEG ratio of 0.98 and a beta of 1.99. Norwegian Cruise Line has a 1-year low of $13.63 and a 1-year high of $25.13. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.22 and a quick ratio of 0.19. The firm’s 50-day simple moving average is $15.51 and its 200-day simple moving average is $18.62.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results on Thursday, October 29th. The company reported $1.12 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $2.88 billion. During the same period last year, the company earned $1.20 earnings per share. The company’s quarterly revenue was up .3% on a year-over-year basis. As a group, equities analysts forecast that Norwegian Cruise Line will post 1.49 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Elliott Investment Management L.P. acquired a new stake in shares of Norwegian Cruise Line in the first quarter worth $246,578,000. Dimensional Fund Advisors LP raised its stake in shares of Norwegian Cruise Line by 7.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,262,590 shares of the company’s stock valued at $135,776,000 after acquiring an additional 518,790 shares during the period. Hound Partners LLC lifted its holdings in shares of Norwegian Cruise Line by 50.0% during the 1st quarter. Hound Partners LLC now owns 5,713,090 shares of the company’s stock valued at $106,835,000 after acquiring an additional 1,905,203 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Norwegian Cruise Line by 358.8% during the 1st quarter. California Public Employees Retirement System now owns 3,675,830 shares of the company’s stock valued at $68,738,000 after acquiring an additional 2,874,730 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Norwegian Cruise Line by 61.0% during the 1st quarter. Bank of America Corp DE now owns 2,566,087 shares of the company’s stock valued at $47,986,000 after acquiring an additional 971,809 shares in the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

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.