Argus Reaffirms Hold Rating for Norwegian Cruise Line (NYSE:NCLH)

Norwegian Cruise Line (NYSE:NCLH - Get Free Report)'s stock had its "hold" rating reiterated by equities researchers at Argus in a report issued on Wednesday, Marketbeat Ratings reports.

NCLH has been the topic of a number of other research reports. The Goldman Sachs Group dropped their target price on Norwegian Cruise Line from $31.00 to $20.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Bank of America dropped their price objective on Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Melius Research raised Norwegian Cruise Line to a "strong-buy" rating in a report on Monday, April 21st. Morgan Stanley dropped their price objective on Norwegian Cruise Line from $21.00 to $20.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 6th. Finally, BNP Paribas began coverage on Norwegian Cruise Line in a report on Thursday, March 27th. They set a "neutral" rating and a $21.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $25.16.

Norwegian Cruise Line Stock Performance

Shares of NYSE:NCLH traded up $0.50 during trading on Wednesday, reaching $18.89. The company had a trading volume of 14,728,938 shares, compared to its average volume of 12,677,869. The firm has a market capitalization of $8.44 billion, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 0.32 and a beta of 2.12. The company has a debt-to-equity ratio of 9.09, a current ratio of 0.19 and a quick ratio of 0.16. The stock's fifty day moving average price is $17.84 and its 200 day moving average price is $21.74. Norwegian Cruise Line has a fifty-two week low of $14.21 and a fifty-two week high of $29.29.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last released its earnings results 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 company had revenue of $2.13 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 EPS. As a group, equities research analysts predict that Norwegian Cruise Line will post 1.48 EPS for the current year.

Institutional Trading of Norwegian Cruise Line

Several large investors have recently bought and sold shares of NCLH. Hopwood Financial Services Inc. purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at $26,000. Kestra Investment Management LLC purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at $27,000. Rakuten Securities Inc. lifted its position in shares of Norwegian Cruise Line by 176.0% in the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock valued at $30,000 after acquiring an additional 739 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of Norwegian Cruise Line by 238.5% in the fourth quarter. Venturi Wealth Management LLC now owns 1,249 shares of the company's stock valued at $32,000 after acquiring an additional 880 shares in the last quarter. Finally, Raiffeisen Bank International AG purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 69.58% of the company's stock.

Norwegian Cruise Line Company Profile

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.