Norwegian Cruise Line (NYSE:NCLH) Upgraded by The Goldman Sachs Group to “Buy”

The Goldman Sachs Group upgraded shares of Norwegian Cruise Line (NYSE:NCLH) from a neutral rating to a buy rating in a research note published on Tuesday, The Fly reports.

NCLH has been the topic of several other research reports. UBS Group upped their target price on shares of Norwegian Cruise Line from $21.00 to $32.00 and gave the company a neutral rating in a research note on Thursday, March 18th. JPMorgan Chase & Co. increased their price objective on shares of Norwegian Cruise Line from $33.00 to $36.00 and gave the stock an overweight rating in a research note on Monday, March 22nd. Truist increased their price objective on shares of Norwegian Cruise Line from $20.00 to $25.00 in a research note on Monday, March 15th. Macquarie upgraded shares of Norwegian Cruise Line from a neutral rating to an outperform rating in a research note on Monday, March 8th. Finally, Truist Securities increased their price objective on shares of Norwegian Cruise Line from $20.00 to $25.00 in a research note on Monday, March 15th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Norwegian Cruise Line has an average rating of Hold and an average price target of $22.89.

Shares of NCLH stock opened at $26.75 on Tuesday. Norwegian Cruise Line has a one year low of $9.24 and a one year high of $34.49. The company’s 50-day moving average is $29.14 and its 200 day moving average is $25.83. The company has a market capitalization of $8.49 billion, a price-to-earnings ratio of -1.95 and a beta of 2.87. The company has a debt-to-equity ratio of 2.56, a quick ratio of 1.10 and a current ratio of 1.14.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings data on Thursday, February 25th. The company reported ($2.33) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.17) by ($0.16). Norwegian Cruise Line had a negative net margin of 114.59% and a negative return on equity of 28.18%. The firm had revenue of $9.58 million for the quarter, compared to analysts’ expectations of $9.82 million. During the same period last year, the company posted $0.73 earnings per share. As a group, research analysts predict that Norwegian Cruise Line will post -9.09 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its holdings in Norwegian Cruise Line by 12.1% during the 4th quarter. BlackRock Inc. now owns 17,175,194 shares of the company’s stock valued at $436,764,000 after buying an additional 1,854,842 shares in the last quarter. Norges Bank purchased a new position in shares of Norwegian Cruise Line in the fourth quarter valued at $147,171,000. Bank of New York Mellon Corp grew its holdings in shares of Norwegian Cruise Line by 1.8% in the fourth quarter. Bank of New York Mellon Corp now owns 3,537,673 shares of the company’s stock valued at $89,962,000 after purchasing an additional 62,611 shares in the last quarter. Boston Partners lifted its position in Norwegian Cruise Line by 1.4% in the fourth quarter. Boston Partners now owns 3,523,578 shares of the company’s stock worth $89,605,000 after buying an additional 48,113 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Norwegian Cruise Line by 9.8% in the fourth quarter. Northern Trust Corp now owns 2,940,241 shares of the company’s stock worth $74,771,000 after buying an additional 262,605 shares during the last quarter. 50.47% of the stock is owned by institutional investors and hedge funds.

About Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in the North America, Europe, the Asia-Pacific, and internationally. The company operates 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 locations, including destinations in Scandinavia, Russia, the Mediterranean, the Greek Isles, Alaska, Canada and New England, India and the rest of Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, South America, the Panama Canal, and the Caribbean.

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Analyst Recommendations for Norwegian Cruise Line (NYSE:NCLH)

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