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

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Friday.

A number of other research firms have also issued reports on NCLH. BNP Paribas assumed coverage on Norwegian Cruise Line in a report on Thursday, March 27th. They issued a "neutral" rating and a $21.00 target price for the company. Macquarie reduced their price target on Norwegian Cruise Line from $31.00 to $27.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. The Goldman Sachs Group lowered their price objective on Norwegian Cruise Line from $31.00 to $20.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Citigroup upped their target price on shares of Norwegian Cruise Line from $25.00 to $30.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Truist Financial decreased their price target on shares of Norwegian Cruise Line from $35.00 to $27.00 and set a "buy" rating for the company in a research note on Monday, May 19th. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $25.42.

Norwegian Cruise Line Stock Performance

Shares of NCLH remained flat at $23.60 during trading hours on Friday. The company had a trading volume of 8,893,021 shares, compared to its average volume of 13,049,576. The stock has a 50-day moving average price of $19.70 and a 200-day moving average price of $21.10. Norwegian Cruise Line has a 52-week low of $14.21 and a 52-week high of $29.29. The company has a debt-to-equity ratio of 9.09, a quick ratio of 0.16 and a current ratio of 0.19. The firm has a market capitalization of $10.54 billion, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 0.41 and a beta of 2.13.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.02). The firm had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.15 billion. Norwegian Cruise Line had a net margin of 9.05% and a return on equity of 66.78%. The company's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 EPS. On average, research analysts expect that Norwegian Cruise Line will post 1.48 earnings per share for the current year.

Hedge Funds Weigh In On Norwegian Cruise Line

Several hedge funds have recently added to or reduced their stakes in NCLH. Farther Finance Advisors LLC lifted its position in shares of Norwegian Cruise Line by 29.3% in the fourth quarter. Farther Finance Advisors LLC now owns 3,327 shares of the company's stock valued at $86,000 after acquiring an additional 754 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of Norwegian Cruise Line by 31.7% during the 4th quarter. Natixis Advisors LLC now owns 164,831 shares of the company's stock valued at $4,241,000 after buying an additional 39,636 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new stake in Norwegian Cruise Line during the fourth quarter worth about $905,000. Cibc World Markets Corp increased its position in shares of Norwegian Cruise Line by 45.4% in the fourth quarter. Cibc World Markets Corp now owns 49,509 shares of the company's stock worth $1,274,000 after acquiring an additional 15,463 shares in the last quarter. Finally, Semanteon Capital Management LP acquired a new stake in Norwegian Cruise Line in the 4th quarter valued at $780,000. 69.58% of the stock is currently owned by hedge funds and other 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.