Norwegian Cruise Line (NYSE:NCLH) Rating Increased to Hold at StockNews.com

Norwegian Cruise Line (NYSE:NCLH) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

Several other equities research analysts have also recently commented on NCLH. Mizuho initiated coverage on Norwegian Cruise Line in a report on Tuesday, March 26th. They set a “neutral” rating and a $21.00 target price on the stock. Susquehanna cut their price objective on Norwegian Cruise Line from $21.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. The Goldman Sachs Group assumed coverage on Norwegian Cruise Line in a report on Wednesday, March 13th. They set a “neutral” rating and a $19.00 target price on the stock. Barclays reduced their price objective on shares of Norwegian Cruise Line from $21.00 to $20.00 and set an “equal weight” rating for the company in a research report on Thursday, May 2nd. Finally, Morgan Stanley boosted their target price on shares of Norwegian Cruise Line from $14.00 to $15.00 and gave the stock an “underweight” rating in a report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Norwegian Cruise Line currently has a consensus rating of “Hold” and a consensus price target of $20.67.

Norwegian Cruise Line Stock Down 3.7 %

NCLH opened at $15.60 on Wednesday. The company has a debt-to-equity ratio of 33.16, a current ratio of 0.24 and a quick ratio of 0.22. Norwegian Cruise Line has a 12 month low of $12.70 and a 12 month high of $22.75. The stock’s 50 day moving average price is $19.12 and its 200 day moving average price is $17.52. The stock has a market cap of $6.69 billion, a P/E ratio of 22.29, a P/E/G ratio of 0.31 and a beta of 2.59.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings results on Tuesday, February 27th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. Norwegian Cruise Line had a net margin of 3.84% and a return on equity of 136.20%. During the same period last year, the business posted ($1.10) earnings per share. As a group, research analysts predict that Norwegian Cruise Line will post 1 earnings per share for the current year.

Institutional Trading of Norwegian Cruise Line

Several hedge funds and other institutional investors have recently modified their holdings of NCLH. Stratos Wealth Partners LTD. acquired a new stake in Norwegian Cruise Line during the 3rd quarter worth about $202,000. Bank of New York Mellon Corp boosted its holdings in shares of Norwegian Cruise Line by 4.9% during the third quarter. Bank of New York Mellon Corp now owns 2,691,795 shares of the company’s stock worth $44,361,000 after purchasing an additional 126,147 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Norwegian Cruise Line by 19.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 79,470 shares of the company’s stock valued at $1,310,000 after purchasing an additional 13,037 shares in the last quarter. Mackenzie Financial Corp increased its stake in Norwegian Cruise Line by 5,714.8% in the 3rd quarter. Mackenzie Financial Corp now owns 752,613 shares of the company’s stock valued at $11,929,000 after buying an additional 739,670 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Norwegian Cruise Line by 11.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 63,611 shares of the company’s stock worth $1,048,000 after buying an additional 6,385 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

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.