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

Norwegian Cruise Line (NYSE:NCLH) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Tuesday.

NCLH has been the topic of several other reports. Truist Financial upgraded shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $20.00 to $21.00 in a research report on Wednesday, May 29th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Norwegian Cruise Line from $18.00 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, May 21st. Wells Fargo & Company upped their target price on Norwegian Cruise Line from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 21st. Morgan Stanley raised their price target on Norwegian Cruise Line from $16.50 to $17.50 and gave the stock an “underweight” rating in a research report on Wednesday, August 7th. Finally, Tigress Financial restated a “strong-buy” rating and issued a $32.00 price objective on shares of Norwegian Cruise Line in a research report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $22.38.

Norwegian Cruise Line Price Performance

Shares of NYSE NCLH traded up $0.28 during midday trading on Tuesday, hitting $17.78. The company had a trading volume of 13,624,188 shares, compared to its average volume of 12,837,231. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 17.19. The business has a 50-day simple moving average of $17.60 and a two-hundred day simple moving average of $17.94. Norwegian Cruise Line has a twelve month low of $12.70 and a twelve month high of $21.73. The firm has a market capitalization of $7.63 billion, a price-to-earnings ratio of 25.40, a price-to-earnings-growth ratio of 0.25 and a beta of 2.71.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. Norwegian Cruise Line had a return on equity of 105.44% and a net margin of 4.62%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.20 EPS. Equities research analysts anticipate that Norwegian Cruise Line will post 1.34 earnings per share for the current year.

Hedge Funds Weigh In On Norwegian Cruise Line

Hedge funds and other institutional investors have recently made changes to their positions in the business. Transcendent Capital Group LLC acquired a new position in shares of Norwegian Cruise Line in the first quarter worth about $27,000. YHB Investment Advisors Inc. bought a new stake in Norwegian Cruise Line in the first quarter worth about $39,000. Sentry Investment Management LLC acquired a new position in Norwegian Cruise Line during the second quarter valued at $39,000. 1832 Asset Management L.P. acquired a new position in Norwegian Cruise Line in the 4th quarter valued at $44,000. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of Norwegian Cruise Line during the 1st quarter worth approximately $61,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

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.