Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Receives $20.87 Consensus PT from Analysts

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) has received a consensus recommendation of “Hold” from the fourteen research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $20.87.

NCLH has been the topic of several analyst reports. Susquehanna raised their target price on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Morgan Stanley increased their price target on shares of Norwegian Cruise Line from $14.00 to $15.00 and gave the company an “underweight” rating in a research note on Tuesday, March 5th. Stifel Nicolaus reiterated a “buy” rating and issued a $25.00 price target on shares of Norwegian Cruise Line in a research note on Tuesday, April 9th. The Goldman Sachs Group started coverage on shares of Norwegian Cruise Line in a research note on Wednesday, March 13th. They issued a “neutral” rating and a $19.00 price target on the stock. Finally, Barclays increased their price target on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 28th.

Norwegian Cruise Line Stock Up 1.4 %

Shares of NYSE:NCLH opened at $18.55 on Friday. The firm’s 50 day moving average price is $18.78 and its 200 day moving average price is $17.34. The stock has a market cap of $7.90 billion, a price-to-earnings ratio of 66.25, a price-to-earnings-growth ratio of 0.38 and a beta of 2.60. Norwegian Cruise Line has a fifty-two week low of $12.41 and a fifty-two week high of $22.75. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 40.94.

Norwegian Cruise Line (NYSE:NCLH) last issued its earnings results on Tuesday, February 27th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.05). The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. Norwegian Cruise Line had a net margin of 1.94% and a return on equity of 108.69%. During the same period last year, the business earned ($1.10) EPS. As a group, equities research analysts predict that Norwegian Cruise Line will post 1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Capital Research Global Investors lifted its holdings in Norwegian Cruise Line by 87.8% in the fourth quarter. Capital Research Global Investors now owns 57,049,928 shares of the company’s stock valued at $1,143,285,000 after acquiring an additional 26,676,150 shares during the period. Vanguard Group Inc. lifted its holdings in Norwegian Cruise Line by 2.1% in the third quarter. Vanguard Group Inc. now owns 49,697,071 shares of the company’s stock valued at $819,008,000 after acquiring an additional 1,031,053 shares during the period. Invesco Ltd. lifted its holdings in Norwegian Cruise Line by 22.4% in the third quarter. Invesco Ltd. now owns 8,197,327 shares of the company’s stock valued at $135,092,000 after acquiring an additional 1,499,622 shares during the period. Norges Bank acquired a new position in shares of Norwegian Cruise Line during the 4th quarter worth $83,243,000. Finally, Northern Trust Corp raised its stake in shares of Norwegian Cruise Line by 3.0% during the 3rd quarter. Northern Trust Corp now owns 3,425,731 shares of the company’s stock worth $56,456,000 after buying an additional 100,682 shares during the last quarter. Institutional investors and hedge funds 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.