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

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

Other equities analysts have also issued reports about the company. Bank of America raised their price target on Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. UBS Group raised their price target on Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. Citigroup raised their price target on Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. Macquarie increased their price objective on Norwegian Cruise Line from $23.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, Barclays increased their price objective on Norwegian Cruise Line from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Norwegian Cruise Line has an average rating of “Hold” and a consensus target price of $22.17.

Norwegian Cruise Line Price Performance

Shares of NYSE NCLH opened at $19.76 on Monday. The stock has a fifty day simple moving average of $17.75 and a two-hundred day simple moving average of $17.97. Norwegian Cruise Line has a 1-year low of $12.70 and a 1-year high of $21.73. The firm has a market cap of $8.48 billion, a price-to-earnings ratio of 28.23, a price-to-earnings-growth ratio of 0.27 and a beta of 2.70. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 17.19.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05. Norwegian Cruise Line had a return on equity of 105.44% and a net margin of 4.62%. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same period in the prior year, the company earned $0.20 earnings per share. Norwegian Cruise Line’s revenue was up 7.6% compared to the same quarter last year. Analysts anticipate that Norwegian Cruise Line will post 1.37 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Transcendent Capital Group LLC bought a new stake in shares of Norwegian Cruise Line in the first quarter worth about $27,000. YHB Investment Advisors Inc. bought a new stake in shares of Norwegian Cruise Line in the first quarter worth about $39,000. Sentry Investment Management LLC bought a new stake in shares of Norwegian Cruise Line in the second quarter worth about $39,000. 1832 Asset Management L.P. bought a new stake in shares of Norwegian Cruise Line in the fourth quarter worth about $44,000. Finally, Fidelis Capital Partners LLC bought a new stake in shares of Norwegian Cruise Line in the first quarter worth about $61,000. 69.58% of the stock is owned by institutional investors.

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.