Norwegian Cruise Line (NYSE:NCLH) Downgraded by Wells Fargo & Company to Strong Sell

Norwegian Cruise Line (NYSE:NCLH) was downgraded by Wells Fargo & Company from a “strong-buy” rating to a “strong sell” rating in a note issued to investors on Monday,Zacks.com reports.

NCLH has been the subject of a number of other research reports. Zacks Research cut Norwegian Cruise Line from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Jefferies Financial Group lowered shares of Norwegian Cruise Line from a “buy” rating to a “hold” rating and lowered their target price for the company from $26.00 to $20.00 in a research note on Monday, December 15th. Truist Financial cut their price target on shares of Norwegian Cruise Line from $31.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday, December 2nd. Barclays lowered shares of Norwegian Cruise Line from an “overweight” rating to an “equal weight” rating and set a $23.00 price objective for the company. in a report on Wednesday, February 11th. Finally, Mizuho upped their target price on shares of Norwegian Cruise Line from $29.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Norwegian Cruise Line presently has an average rating of “Hold” and an average price target of $26.32.

Norwegian Cruise Line Stock Performance

Norwegian Cruise Line stock opened at $23.45 on Monday. The company has a debt-to-equity ratio of 6.22, a current ratio of 0.19 and a quick ratio of 0.17. The firm has a market capitalization of $10.68 billion, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 0.64 and a beta of 2.06. Norwegian Cruise Line has a 1-year low of $14.21 and a 1-year high of $27.18. The company’s 50-day moving average is $22.67 and its 200 day moving average is $22.57.

Institutional Investors Weigh In On Norwegian Cruise Line

Several hedge funds have recently modified their holdings of NCLH. SBI Securities Co. Ltd. increased its holdings in Norwegian Cruise Line by 2.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 18,110 shares of the company’s stock valued at $404,000 after buying an additional 428 shares during the period. Retirement Systems of Alabama boosted its position in Norwegian Cruise Line by 0.5% during the 4th quarter. Retirement Systems of Alabama now owns 96,848 shares of the company’s stock valued at $2,162,000 after acquiring an additional 443 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Norwegian Cruise Line by 2.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 21,908 shares of the company’s stock valued at $444,000 after acquiring an additional 493 shares during the period. Sound Income Strategies LLC lifted its stake in shares of Norwegian Cruise Line by 16.6% during the 3rd quarter. Sound Income Strategies LLC now owns 3,507 shares of the company’s stock worth $82,000 after purchasing an additional 500 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in Norwegian Cruise Line by 1.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 52,142 shares of the company’s stock valued at $1,164,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is a global cruise operator offering a portfolio of premium brands that includes Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. The company provides sea voyages and related onboard services such as dining, entertainment, shore excursions and destination experiences. Its fleet of modern vessels sails to more than 400 destinations across all seven continents, serving leisure travelers with itineraries ranging from short Caribbean getaways to extended world voyages.

Founded in 1966 by Knut Kloster and Ted Arison, the company pioneered the concept of “Freestyle Cruising,” which allows passengers greater flexibility in dining schedules, entertainment choices and onboard activities.