Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Receives $28.28 Consensus Target Price from Brokerages

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) has earned an average rating of “Moderate Buy” from the nineteen analysts that are covering the firm, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $28.28.

A number of research firms recently weighed in on NCLH. BNP Paribas started coverage on Norwegian Cruise Line in a research note on Thursday, March 27th. They set a “neutral” rating and a $21.00 price target on the stock. The Goldman Sachs Group set a $34.00 target price on Norwegian Cruise Line in a research report on Thursday, January 23rd. Bank of America reduced their price target on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Citigroup upped their price objective on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Finally, Macquarie lifted their price objective on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday, March 6th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NCLH. Apollon Wealth Management LLC bought a new stake in shares of Norwegian Cruise Line during the 4th quarter worth $272,000. Cookson Peirce & Co. Inc. bought a new stake in Norwegian Cruise Line in the fourth quarter worth about $654,000. Zacks Investment Management bought a new stake in Norwegian Cruise Line in the third quarter worth about $3,821,000. Hodges Capital Management Inc. boosted its stake in Norwegian Cruise Line by 1.5% in the third quarter. Hodges Capital Management Inc. now owns 1,544,515 shares of the company’s stock valued at $31,678,000 after acquiring an additional 23,075 shares during the last quarter. Finally, Jupiter Asset Management Ltd. grew its position in shares of Norwegian Cruise Line by 365.5% during the 4th quarter. Jupiter Asset Management Ltd. now owns 2,168,658 shares of the company’s stock valued at $55,800,000 after acquiring an additional 1,702,748 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Price Performance

Shares of NYSE NCLH opened at $15.48 on Friday. The firm has a market capitalization of $6.81 billion, a P/E ratio of 14.20, a P/E/G ratio of 0.24 and a beta of 2.27. The firm’s 50-day moving average price is $22.80 and its 200-day moving average price is $24.31. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line has a 1-year low of $14.21 and a 1-year high of $29.29.

About Norwegian Cruise Line

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.