Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Receives Average Rating of “Hold” from Analysts

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) have been given a consensus rating of “Hold” by the fifteen ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $22.17.

A number of research firms have weighed in on NCLH. Mizuho raised shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and increased their price target for the stock from $21.00 to $24.00 in a research note on Tuesday, May 28th. Stifel Nicolaus upped their price target on Norwegian Cruise Line from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Barclays lifted their price objective on Norwegian Cruise Line from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Tigress Financial reissued a “strong-buy” rating and set a $32.00 target price on shares of Norwegian Cruise Line in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th.

Hedge Funds Weigh In On Norwegian Cruise Line

A number of institutional investors have recently made changes to their positions in the business. Transcendent Capital Group LLC bought a new position in Norwegian Cruise Line during the 1st quarter valued at $27,000. YHB Investment Advisors Inc. bought a new position in shares of Norwegian Cruise Line during the first quarter worth about $39,000. Sentry Investment Management LLC acquired a new position in Norwegian Cruise Line in the second quarter worth about $39,000. 1832 Asset Management L.P. bought a new stake in Norwegian Cruise Line in the fourth quarter valued at about $44,000. Finally, Fidelis Capital Partners LLC acquired a new stake in Norwegian Cruise Line during the first quarter valued at approximately $61,000. 69.58% of the stock is owned by institutional investors and hedge funds.

Norwegian Cruise Line Price Performance

NCLH stock opened at $20.99 on Tuesday. The stock has a market capitalization of $9.01 billion, a price-to-earnings ratio of 29.99, a price-to-earnings-growth ratio of 0.27 and a beta of 2.70. The stock’s fifty day simple moving average is $17.85 and its 200-day simple moving average is $18.00. Norwegian Cruise Line has a 52-week low of $12.70 and a 52-week high of $21.73. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 17.19.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.38 billion. Norwegian Cruise Line had a return on equity of 105.44% and a net margin of 4.62%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 EPS. Equities research analysts expect that Norwegian Cruise Line will post 1.37 EPS for the current year.

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.