Norwegian Cruise Line (NYSE:NCLH) Stock Price Up 5.2% After Analyst Upgrade

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Get Free Report) rose 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 traded hands during trading, a decline of 51% from the average daily volume of 12,514,306 shares. The stock had previously closed at $18.40.

A number of other analysts also recently weighed in on the stock. Morgan Stanley reduced 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 report on Tuesday, May 6th. The Goldman Sachs Group reduced their price target on shares of Norwegian Cruise Line from $31.00 to $20.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. JPMorgan Chase & Co. raised shares of Norwegian Cruise Line from a "neutral" rating to an "overweight" rating and set a $30.00 price target for the company in a report on Monday, March 17th. Truist Financial reduced their price objective on shares of Norwegian Cruise Line from $35.00 to $27.00 and set a "buy" rating for the company in a report on Monday, May 19th. Finally, Jefferies Financial Group initiated coverage on shares of Norwegian Cruise Line in a report on Monday, March 31st. They set a "buy" rating and a $25.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $25.16.

Institutional Investors Weigh In On Norwegian Cruise Line

Several institutional investors have recently modified their holdings of the business. Capital International Investors boosted its stake in Norwegian Cruise Line by 11.2% during the 4th quarter. Capital International Investors now owns 55,194,672 shares of the company's stock worth $1,420,159,000 after acquiring an additional 5,557,951 shares during the last quarter. Ariel Investments LLC increased its holdings in Norwegian Cruise Line by 126.8% during the first quarter. Ariel Investments LLC now owns 9,081,170 shares of the company's stock worth $172,179,000 after buying an additional 5,077,531 shares during the last quarter. Norges Bank acquired a new position in Norwegian Cruise Line during the fourth quarter worth $113,156,000. Two Sigma Advisers LP increased its holdings in Norwegian Cruise Line by 99.0% during the fourth quarter. Two Sigma Advisers LP now owns 7,689,200 shares of the company's stock worth $197,843,000 after buying an additional 3,824,600 shares during the last quarter. Finally, 59 North Capital Management LP acquired a new position in shares of Norwegian Cruise Line in the first quarter valued at $69,877,000. Institutional investors and hedge funds own 69.58% of the company's stock.

Norwegian Cruise Line Stock Performance

The stock has a market capitalization 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 company's fifty day simple moving average is $17.44 and its 200 day simple moving average is $22.40. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced 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 business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.15 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The company's revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 EPS. On average, equities research analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share 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.