TD Cowen Begins Coverage on Norwegian Cruise Line (NYSE:NCLH)

Equities researchers at TD Cowen began coverage on shares of Norwegian Cruise Line (NYSE:NCLH - Get Free Report) in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The firm set a "buy" rating and a $31.00 price target on the stock. TD Cowen's price target indicates a potential upside of 31.86% from the company's previous close.

NCLH has been the subject of several other reports. Melius Research raised Norwegian Cruise Line to a "strong-buy" rating in a research note on Monday, April 21st. Susquehanna lowered their target price on Norwegian Cruise Line from $27.00 to $18.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Argus reissued a "hold" rating on shares of Norwegian Cruise Line in a research note on Wednesday, June 18th. Barclays boosted their target price on Norwegian Cruise Line from $22.00 to $25.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Finally, Morgan Stanley lowered their price objective on 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. Nine investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $25.75.

Norwegian Cruise Line Trading Down 3.3%

NYSE:NCLH traded down $0.81 on Tuesday, reaching $23.51. The company's stock had a trading volume of 9,723,955 shares, compared to its average volume of 14,030,902. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 9.09. The firm has a market cap of $10.50 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 0.98 and a beta of 2.13. Norwegian Cruise Line has a 12-month low of $14.21 and a 12-month high of $29.29. The stock has a 50 day moving average price of $19.96 and a 200 day moving average price of $21.06.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Norwegian Cruise Line's quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 EPS. On average, equities analysts anticipate that Norwegian Cruise Line will post 1.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. New Age Alpha Advisors LLC purchased a new stake in Norwegian Cruise Line during the 1st quarter valued at approximately $33,000. Versant Capital Management Inc raised its stake in Norwegian Cruise Line by 147.7% during the 1st quarter. Versant Capital Management Inc now owns 1,880 shares of the company's stock valued at $36,000 after acquiring an additional 1,121 shares during the last quarter. Raiffeisen Bank International AG purchased a new stake in Norwegian Cruise Line during the 4th quarter valued at approximately $40,000. Bogart Wealth LLC raised its stake in Norwegian Cruise Line by 1,012.0% during the 1st quarter. Bogart Wealth LLC now owns 2,224 shares of the company's stock valued at $42,000 after acquiring an additional 2,024 shares during the last quarter. Finally, LRI Investments LLC purchased a new stake in Norwegian Cruise Line during the 4th quarter valued at approximately $47,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

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.