Norwegian Cruise Line Holdings Receives Upgrade from StockNews.com

Investment analysts at StockNews.com have upgraded their rating for Norwegian Cruise Line Holdings Ltd. NCLH from a 'sell' to a 'hold'. This positive shift in sentiment was published in their research note on November 11th, 2023 and reflects a potentially stabilizing outlook for the cruise operator's shares.

Analytical Perspectives on NCLH

Amidst varied analytical perspectives, NCLH has experienced several adjustments in stock price targets. Barclays altered its price target from $20.00 to $14.00, keeping an 'equal weight' rating. Similarly, Truist Financial lowered its price target from $23.00 to $20.00, with a 'hold' recommendation. Citigroup reduced its price target from $20.00 to $16.00, offering a 'neutral' stance. Conversely, Redburn Partners shifted their rating from 'neutral' to 'buy', proposing a $25.00 target price.

NCLH's Stock Performance Indicators

The stock of Norwegian Cruise Line opened at $13.18 on the day of the rating upgrade. With a 50-day moving average of $15.31 and a 200-day moving average of $17.07, the company's market capitalization stood at $5.61 billion. The firm operates with a P/E ratio of -21.61, a beta of 2.57, and has seen a 12-month low at $11.76 and a high at $22.75. The financial structure shows a quick ratio of 0.27, a current ratio of 0.30, and a significant debt-to-equity ratio of 28.80.

Recent Earnings and Forecast for NCLH

For the quarterly earnings ending on November 1st, NCLH reported an EPS of $0.76, outperforming the consensus estimate by $0.15. The revenue totaled $2.54 billion, aligning with expectations. Despite a negative net margin of 2.60% and a negative return on equity of 177.38%, the company’s revenue displayed a hefty annual increase of 57.0%. For the current fiscal year, analysts predict an EPS of $0.51 for NCLH.

Hedge Funds Engagement with NCLH

Institutional investors and hedge funds have shown active engagement with Norwegian Cruise Line's stock. Allworth Financial LP augmented its stake by 13.3%, Oregon Public Employees Retirement Fund by 1.5%, and Czech National Bank by 1.2%, illustrating just a selection of the increased investments from the institutional sector. Sizable shares were also acquired by Stonebridge Capital Advisors LLC and Nelson Van Denburg & Campbell Wealth Management Group LLC.

Company Profile of Norwegian Cruise Line Holdings

NCLH, headquartered in Miami, Florida, operates as a cruise company with a global reach. The brands under its umbrella include Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. The company's offerings range from short three-day escapes to extensive 180-day voyages, serving destinations across Scandinavia, Mediterranean, Alaska, Asia, and more.

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