Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Given Average Recommendation of “Hold” by Brokerages

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) have been assigned a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $23.30.

Several research analysts have recently weighed in on NCLH shares. Barclays boosted their target price on Norwegian Cruise Line from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Truist Financial lifted their price target on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Macquarie lifted their price target on Norwegian Cruise Line from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Stifel Nicolaus upped their target price on shares of Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, Citigroup upgraded shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and raised their target price for the stock from $20.00 to $30.00 in a research report on Wednesday.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Transcendent Capital Group LLC acquired a new stake in shares of Norwegian Cruise Line during the first quarter worth $27,000. Sentry Investment Management LLC bought a new position in Norwegian Cruise Line during the second quarter worth about $39,000. Fidelis Capital Partners LLC acquired a new position in shares of Norwegian Cruise Line during the 1st quarter worth approximately $61,000. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Norwegian Cruise Line in the third quarter valued at about $78,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in Norwegian Cruise Line during the first quarter worth approximately $80,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Norwegian Cruise Line Stock Performance

NYSE:NCLH opened at $23.38 on Friday. The stock’s fifty day moving average is $18.43 and its 200 day moving average is $18.13. The firm has a market capitalization of $10.28 billion, a PE ratio of 27.51, a PEG ratio of 0.33 and a beta of 2.71. The company has a debt-to-equity ratio of 17.19, a quick ratio of 0.22 and a current ratio of 0.24. Norwegian Cruise Line has a fifty-two week low of $12.70 and a fifty-two week high of $23.82.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same period in the prior year, the firm earned $0.20 earnings per share. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Norwegian Cruise Line will post 1.38 earnings per share for the current year.

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.