Norwegian Cruise Line (NYSE:NCLH) Upgraded at Argus

Argus upgraded shares of Norwegian Cruise Line (NYSE:NCLH) from a hold rating to a buy rating in a research note released on Monday morning, MarketBeat.com reports.

Several other research firms also recently issued reports on NCLH. Barclays lifted their price target on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Susquehanna boosted their target price on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Macquarie raised their price target on shares of Norwegian Cruise Line from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. The Goldman Sachs Group boosted their price objective on Norwegian Cruise Line from $24.00 to $29.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Wells Fargo & Company increased their price objective on Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Norwegian Cruise Line currently has a consensus rating of “Hold” and a consensus price target of $25.80.

Norwegian Cruise Line Stock Up 6.9 %

Norwegian Cruise Line stock opened at $27.73 on Monday. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The company has a market capitalization of $12.19 billion, a PE ratio of 25.44, a PEG ratio of 0.26 and a beta of 2.67. The firm’s fifty day moving average is $21.17 and its 200 day moving average is $18.71. Norwegian Cruise Line has a 12-month low of $12.70 and a 12-month high of $27.93.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.05. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The company had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. The business’s revenue was up 10.7% on a year-over-year basis. As a group, sell-side analysts predict that Norwegian Cruise Line will post 1.64 EPS for the current fiscal year.

Hedge Funds Weigh In On Norwegian Cruise Line

Institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in shares of Norwegian Cruise Line by 120.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock valued at $470,889,000 after buying an additional 12,313,426 shares during the last quarter. Baillie Gifford & Co. purchased a new stake in Norwegian Cruise Line during the third quarter valued at about $179,146,000. Columbus Hill Capital Management L.P. bought a new position in Norwegian Cruise Line during the second quarter worth about $23,479,000. Dimensional Fund Advisors LP increased its stake in shares of Norwegian Cruise Line by 32.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock worth $85,835,000 after purchasing an additional 1,129,770 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of Norwegian Cruise Line in the second quarter valued at approximately $15,213,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

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.