Norwegian Cruise Line (NYSE:NCLH) Lowered to Sell Rating by StockNews.com

Norwegian Cruise Line (NYSE:NCLH) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Saturday.

A number of other research firms have also weighed in on NCLH. BNP Paribas began coverage on shares of Norwegian Cruise Line in a report on Thursday, March 27th. They set a “neutral” rating and a $21.00 target price for the company. Tigress Financial reiterated a “strong-buy” rating and issued a $36.00 price objective on shares of Norwegian Cruise Line in a research report on Tuesday, March 11th. Wells Fargo & Company upped their target price on Norwegian Cruise Line from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Melius Research upgraded shares of Norwegian Cruise Line to a “strong-buy” rating in a report on Monday, April 21st. Finally, Susquehanna decreased their price objective on shares of Norwegian Cruise Line from $27.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Norwegian Cruise Line currently has an average rating of “Moderate Buy” and a consensus price target of $26.32.

Norwegian Cruise Line Price Performance

NCLH opened at $17.33 on Friday. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The stock’s 50 day simple moving average is $18.52 and its 200 day simple moving average is $23.58. The firm has a market cap of $7.62 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 0.24 and a beta of 2.27. Norwegian Cruise Line has a 1 year low of $14.21 and a 1 year high of $29.29.

Norwegian Cruise Line (NYSE:NCLH) last issued its earnings results on Wednesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the prior year, the business posted $0.16 EPS. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, analysts predict that Norwegian Cruise Line will post 1.48 earnings per share for the current year.

Institutional Trading of Norwegian Cruise Line

Institutional investors have recently bought and sold shares of the company. Hopwood Financial Services Inc. bought a new position in shares of Norwegian Cruise Line in the fourth quarter worth approximately $26,000. Stonebridge Financial Group LLC purchased a new position in Norwegian Cruise Line in the 4th quarter worth approximately $27,000. Kestra Investment Management LLC bought a new position in Norwegian Cruise Line in the 4th quarter valued at approximately $27,000. Rakuten Securities Inc. boosted its stake in Norwegian Cruise Line by 176.0% during the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock valued at $30,000 after purchasing an additional 739 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in Norwegian Cruise Line during the 4th quarter valued at $31,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

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.