Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $18.72, but opened at $17.77. Norwegian Cruise Line shares last traded at $17.84, with a volume of 4,808,172 shares.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. Citigroup upped their price target on Norwegian Cruise Line from $24.00 to $25.00 and gave the stock a "buy" rating in a research report on Thursday, June 5th. Bank of America reduced their price target on Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Wells Fargo & Company upped their price target on Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Northcoast Research assumed coverage on Norwegian Cruise Line in a research report on Friday, April 25th. They set a "buy" rating and a $21.00 price target on the stock. Finally, Wall Street Zen downgraded Norwegian Cruise Line from a "hold" rating to a "sell" rating in a research report on Saturday, May 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $25.16.
View Our Latest Stock Analysis on Norwegian Cruise Line
Norwegian Cruise Line Stock Performance
The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The company has a market capitalization of $7.93 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 0.24 and a beta of 2.12. The firm's fifty day simple moving average is $17.70 and its 200 day simple moving average is $22.05.
Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The business had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.15 billion. During the same period in the previous year, the company posted $0.16 earnings per share. Norwegian Cruise Line's revenue for the quarter was down 2.9% compared to the same quarter last year. On average, research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current year.
Hedge Funds Weigh In On Norwegian Cruise Line
A number of large investors have recently added to or reduced their stakes in the stock. Strs Ohio acquired a new position in Norwegian Cruise Line during the first quarter worth $895,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Norwegian Cruise Line by 6.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,536,708 shares of the company's stock worth $29,136,000 after acquiring an additional 92,772 shares during the period. Optimize Financial Inc raised its position in Norwegian Cruise Line by 13.1% during the first quarter. Optimize Financial Inc now owns 33,890 shares of the company's stock worth $643,000 after acquiring an additional 3,937 shares during the period. Woodline Partners LP raised its position in Norwegian Cruise Line by 40.7% during the first quarter. Woodline Partners LP now owns 37,149 shares of the company's stock worth $704,000 after acquiring an additional 10,743 shares during the period. Finally, MBB Public Markets I LLC acquired a new position in Norwegian Cruise Line during the first quarter worth $301,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.
About Norwegian Cruise Line
(
Get Free Report)
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.
See Also
Before you consider Norwegian Cruise Line, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Norwegian Cruise Line wasn't on the list.
While Norwegian Cruise Line currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
