Norwegian Cruise Line (NYSE:NCLH) Stock Rating Raised to Buy at Freedom Broker

Norwegian Cruise Line (NYSE:NCLH) was upgraded by equities research analysts at Freedom Broker from a “hold” rating to a “buy” rating in a research report issued on Friday, Benzinga reports. The firm presently has a $22.00 price target on the stock, up from their previous price target of $20.00. Freedom Broker‘s target price suggests a potential upside of 25.36% from the stock’s current price.

A number of other equities research analysts have also recently commented on NCLH. Freedom Capital cut shares of Norwegian Cruise Line from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Morgan Stanley lifted their price target on shares of Norwegian Cruise Line from $20.00 to $22.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. JPMorgan Chase & Co. lowered Norwegian Cruise Line from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $13.00 to $11.00 in a report on Friday, October 23rd. The Goldman Sachs Group raised their price objective on Norwegian Cruise Line from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft set a $17.00 target price on Norwegian Cruise Line in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Norwegian Cruise Line currently has a consensus rating of “Hold” and a consensus target price of $20.18.

Norwegian Cruise Line Trading Down 0.1%

NCLH opened at $17.55 on Friday. The firm has a market cap of $8.06 billion, a price-to-earnings ratio of 9.70, a PEG ratio of 1.01 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 has a fifty day moving average price of $15.39 and a 200-day moving average price of $18.75.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings data on Thursday, October 29th. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.19. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.88 billion. Norwegian Cruise Line had a return on equity of 34.28% and a net margin of 8.20%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the company earned $1.20 earnings per share. As a group, equities research analysts anticipate that Norwegian Cruise Line will post 1.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc lifted its stake in shares of Norwegian Cruise Line by 278.4% during the third quarter. Versant Capital Management Inc now owns 1,888 shares of the company’s stock worth $28,000 after buying an additional 1,389 shares during the period. Reyes Financial Architecture Inc. purchased a new position in Norwegian Cruise Line in the 3rd quarter worth $37,000. Root Financial Partners LLC purchased a new position in Norwegian Cruise Line in the 3rd quarter worth $41,000. Pension & Wealth Management Advisors Inc. acquired a new stake in Norwegian Cruise Line during the 3rd quarter worth about $48,000. Finally, Summit Securities Group LLC lifted its position in Norwegian Cruise Line by 291.3% during the 1st quarter. Summit Securities Group LLC now owns 2,649 shares of the company’s stock worth $50,000 after acquiring an additional 1,972 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

About Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd. is a global cruise company headquartered in Miami, Florida. Through its operating brands—Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises—the company provides cruise vacations to destinations worldwide, including Europe, the Caribbean, Alaska, Asia, South America, Australia and New Zealand.

Norwegian Cruise Line offers contemporary cruises with flexible dining, entertainment and onboard activities. Oceania Cruises focuses on destination-oriented, upscale travel and culinary experiences, while Regent Seven Seas Cruises provides an all-inclusive luxury cruise experience.