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

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

Other analysts have also issued reports about the stock. The Goldman Sachs Group increased their price target on shares of Norwegian Cruise Line from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Macquarie increased their target price on shares of Norwegian Cruise Line from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Susquehanna lifted their price target on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Mizuho upgraded Norwegian Cruise Line from a “neutral” rating to a “buy” rating and increased their price objective for the company from $21.00 to $24.00 in a report on Tuesday, May 28th. Finally, Citigroup raised their price objective on Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $22.38.

Norwegian Cruise Line Stock Performance

Shares of NCLH stock opened at $18.70 on Tuesday. The firm has a market cap of $8.02 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 0.25 and a beta of 2.71. Norwegian Cruise Line has a 52-week low of $12.70 and a 52-week high of $21.73. 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 company’s 50 day moving average is $17.63 and its 200 day moving average is $17.95.

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

Institutional Investors Weigh In On Norwegian Cruise Line

Large investors have recently bought and sold shares of the company. Private Advisor Group LLC lifted its stake in Norwegian Cruise Line by 6.6% during the 4th quarter. Private Advisor Group LLC now owns 25,540 shares of the company’s stock valued at $512,000 after acquiring an additional 1,581 shares during the period. Apollon Wealth Management LLC acquired a new position in Norwegian Cruise Line during the fourth quarter valued at $225,000. Principal Securities Inc. purchased a new stake in Norwegian Cruise Line in the fourth quarter valued at $167,000. QRG Capital Management Inc. grew its position in Norwegian Cruise Line by 9.8% during the 4th quarter. QRG Capital Management Inc. now owns 17,069 shares of the company’s stock worth $342,000 after purchasing an additional 1,521 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Norwegian Cruise Line by 58.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,105,324 shares of the company’s stock worth $62,240,000 after purchasing an additional 1,141,086 shares during the period. Hedge funds and other institutional investors 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.