Norwegian Cruise Line (NYSE:NCLH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Norwegian Cruise Line (NYSE:NCLH) from a sell rating to a hold rating in a research note released on Sunday morning,Wall Street Zen reports.

NCLH has been the topic of several other reports. Susquehanna decreased their price target on shares of Norwegian Cruise Line from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 20th. Wells Fargo & Company raised their target price on shares of Norwegian Cruise Line from $18.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. UBS Group lifted their price target on shares of Norwegian Cruise Line from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Tuesday, August 18th. Jefferies Financial Group boosted their price target on Norwegian Cruise Line from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Friday, July 17th. Finally, The Goldman Sachs Group increased their price target on Norwegian Cruise Line from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $20.18.

Norwegian Cruise Line Price Performance

Norwegian Cruise Line stock opened at $18.50 on Friday. The company has a market capitalization of $8.50 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 0.97 and a beta of 1.99. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 4.43. Norwegian Cruise Line has a 12 month low of $13.63 and a 12 month high of $25.13. The stock’s 50 day moving average is $15.56 and its 200-day moving average is $18.61.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.19. Norwegian Cruise Line had a return on equity of 34.28% and a net margin of 8.20%. The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.88 billion. During the same period in the previous year, the company posted $1.20 EPS. The firm’s quarterly revenue was up .3% on a year-over-year basis. Equities research analysts expect that Norwegian Cruise Line will post 1.49 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NCLH. Versant Capital Management Inc grew its holdings in shares of Norwegian Cruise Line by 278.4% during the 3rd quarter. Versant Capital Management Inc now owns 1,888 shares of the company’s stock valued at $28,000 after purchasing an additional 1,389 shares during the last quarter. Heritage Family Offices LLP bought a new position in Norwegian Cruise Line in the 3rd quarter valued at approximately $30,000. Reyes Financial Architecture Inc. acquired a new stake in Norwegian Cruise Line in the third quarter valued at approximately $37,000. Root Financial Partners LLC acquired a new stake in Norwegian Cruise Line in the third quarter valued at approximately $41,000. Finally, Harbor Investment Advisory LLC acquired a new stake in Norwegian Cruise Line in the second quarter valued at approximately $68,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

About Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd. is a global cruise company that operates three brands: Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. Its businesses provide cruise vacations, including onboard dining, entertainment and other guest services, as well as shore excursions at destinations on their itineraries. Norwegian Cruise Line offers contemporary cruise experiences, while Oceania Cruises focuses on destination-oriented travel and cuisine. Regent Seven Seas Cruises offers an all-inclusive luxury cruise experience.