Norwegian Cruise Line (NYSE:NCLH) Upgraded to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Norwegian Cruise Line from “sell” to “hold.” Analysts overall also rate the stock “hold,” with a consensus price target of $20.18.
• Analyst views remain mixed: Stifel maintained a “buy” rating despite trimming its target, while JPMorgan downgraded the stock to “underweight” and cut its target to $11.
• Norwegian reported quarterly earnings of $1.12 per share, above the $0.93 consensus estimate, and revenue of $2.95 billion, also ahead of expectations.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Sunday, Wall Street Zen reports.

A number of other research analysts have also commented on the company. Stifel Nicolaus lowered their price target on Norwegian Cruise Line from $26.00 to $25.00 and set a "buy" rating for the company in a research report on Friday, July 31st. The Goldman Sachs Group lifted their price objective on Norwegian Cruise Line from $14.00 to $16.00 and gave the stock a "neutral" rating in a research report on Friday, October 30th. BNP Paribas Exane boosted their target price on Norwegian Cruise Line from $15.00 to $18.00 and gave the company a "neutral" rating in a research note on Friday, October 30th. Truist Financial reduced their target price on Norwegian Cruise Line from $20.00 to $16.00 and set a "hold" rating on the stock in a research note on Thursday, September 24th. Finally, JPMorgan Chase & Co. downgraded Norwegian Cruise Line from a "neutral" rating to an "underweight" rating and decreased their target price for the company from $13.00 to $11.00 in a report on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $20.18.

Norwegian Cruise Line Trading Up 1.0%

NYSE NCLH opened at $17.95 on Friday. The stock's 50-day simple moving average is $15.48 and its two-hundred day simple moving average is $18.64. Norwegian Cruise Line has a twelve month low of $13.63 and a twelve month high of $25.13. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 4.43. The company has a market capitalization of $8.24 billion, a price-to-earnings ratio of 9.91, a PEG ratio of 0.94 and a beta of 1.99.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.19. The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.88 billion. Norwegian Cruise Line had a net margin of 8.20% and a return on equity of 34.28%. The firm's revenue for the quarter was up .3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.20 earnings per share. Research analysts forecast that Norwegian Cruise Line will post 1.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Norwegian Cruise Line

Hedge funds have recently made changes to their positions in the company. Aberdeen Group plc raised its holdings in Norwegian Cruise Line by 110.5% in the third quarter. Aberdeen Group plc now owns 41,324 shares of the company's stock worth $606,000 after purchasing an additional 21,693 shares in the last quarter. AlphaCore Capital LLC boosted its holdings in shares of Norwegian Cruise Line by 43.4% during the 3rd quarter. AlphaCore Capital LLC now owns 20,872 shares of the company's stock valued at $306,000 after buying an additional 6,314 shares in the last quarter. Ethic Inc. boosted its holdings in shares of Norwegian Cruise Line by 3.0% during the 3rd quarter. Ethic Inc. now owns 26,210 shares of the company's stock valued at $384,000 after buying an additional 764 shares in the last quarter. Heritage Family Offices LLP bought a new stake in shares of Norwegian Cruise Line during the 3rd quarter valued at $30,000. Finally, Calamos Advisors LLC grew its position in shares of Norwegian Cruise Line by 2.1% in the 3rd quarter. Calamos Advisors LLC now owns 394,590 shares of the company's stock worth $5,785,000 after buying an additional 7,983 shares during the period. 69.58% of the stock is currently owned by institutional investors.

Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd. is a global cruise company headquartered in Miami, Florida. Through its operating brands—Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises—the company provides cruise vacations to destinations worldwide, including Europe, the Caribbean, Alaska, Asia, South America, Australia and New Zealand.

Norwegian Cruise Line offers contemporary cruises with flexible dining, entertainment and onboard activities. Oceania Cruises focuses on destination-oriented, upscale travel and culinary experiences, while Regent Seven Seas Cruises provides an all-inclusive luxury cruise experience.

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