Norwegian Cruise Line (NYSE:NCLH) Trading 5.2% Higher Following Analyst Upgrade

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Get Free Report)'s share price was up 5.2% during mid-day trading on Thursday after Citigroup raised their price target on the stock from $24.00 to $25.00. Citigroup currently has a buy rating on the stock. Norwegian Cruise Line traded as high as $19.40 and last traded at $19.35. Approximately 6,176,715 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 12,514,306 shares. The stock had previously closed at $18.40.

NCLH has been the topic of several other reports. Stifel Nicolaus lowered their price objective on shares of Norwegian Cruise Line from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Truist Financial cut their price objective on Norwegian Cruise Line from $35.00 to $27.00 and set a "buy" rating for the company in a research report on Monday, May 19th. Macquarie reduced their price target on shares of Norwegian Cruise Line from $31.00 to $27.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Morgan Stanley dropped their price target on shares of Norwegian Cruise Line from $21.00 to $20.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. Finally, Susquehanna cut their price target on shares of Norwegian Cruise Line from $27.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Norwegian Cruise Line currently has an average rating of "Moderate Buy" and a consensus target price of $25.16.

Institutional Investors Weigh In On Norwegian Cruise Line

Several institutional investors have recently added to or reduced their stakes in NCLH. Blue Trust Inc. raised its stake in shares of Norwegian Cruise Line by 38.8% in the 4th quarter. Blue Trust Inc. now owns 3,037 shares of the company's stock valued at $78,000 after purchasing an additional 849 shares during the period. Yousif Capital Management LLC grew its holdings in shares of Norwegian Cruise Line by 0.9% during the fourth quarter. Yousif Capital Management LLC now owns 97,406 shares of the company's stock worth $2,506,000 after buying an additional 874 shares in the last quarter. Stratos Wealth Partners LTD. raised its position in Norwegian Cruise Line by 12.1% in the 4th quarter. Stratos Wealth Partners LTD. now owns 12,082 shares of the company's stock valued at $311,000 after buying an additional 1,300 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Norwegian Cruise Line by 34.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 43,319 shares of the company's stock valued at $1,115,000 after acquiring an additional 11,044 shares in the last quarter. Finally, Choreo LLC lifted its stake in Norwegian Cruise Line by 47.9% in the 4th quarter. Choreo LLC now owns 16,821 shares of the company's stock valued at $433,000 after acquiring an additional 5,444 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

Norwegian Cruise Line Trading Up 1.2%

The stock has a market cap of $8.75 billion, a price-to-earnings ratio of 17.97, a P/E/G ratio of 0.24 and a beta of 2.12. The business has a 50-day simple moving average of $17.45 and a two-hundred day simple moving average of $22.33. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.02). The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.15 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The business'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 firm earned $0.16 EPS. As a group, research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current year.

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.