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

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

NCLH has been the topic of several research analyst reports. Stifel Nicolaus reissued a “buy” rating and set 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 report on Wednesday, March 13th. They set a “neutral” rating and a $19.00 target price on the stock. Truist Financial raised their target price on shares of Norwegian Cruise Line from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Friday, March 1st. Morgan Stanley increased their price objective on shares of Norwegian Cruise Line from $14.00 to $15.00 and gave the company an “underweight” rating in a report on Tuesday, March 5th. Finally, Citigroup decreased their price objective on Norwegian Cruise Line from $23.00 to $19.00 and set a “neutral” rating for the company in a research note on Monday, February 12th.

Institutional Investors Weigh In On Norwegian Cruise Line

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital Research Global Investors grew its holdings in Norwegian Cruise Line by 87.8% during the fourth quarter. Capital Research Global Investors now owns 57,049,928 shares of the company’s stock worth $1,143,285,000 after purchasing an additional 26,676,150 shares during the period. Vanguard Group Inc. lifted its position in shares of Norwegian Cruise Line by 14.0% in the first quarter. Vanguard Group Inc. now owns 45,160,452 shares of the company’s stock valued at $988,111,000 after buying an additional 5,549,673 shares during the last quarter. Lombard Odier Asset Management USA Corp lifted its position in shares of Norwegian Cruise Line by 100.4% in the fourth quarter. Lombard Odier Asset Management USA Corp now owns 17,455 shares of the company’s stock valued at $214,000 after buying an additional 4,376,855 shares during the last quarter. Norges Bank acquired a new stake in Norwegian Cruise Line during the 4th quarter valued at $83,243,000. Finally, Capital International Investors boosted its position in Norwegian Cruise Line by 15.7% during the first quarter. Capital International Investors now owns 21,242,007 shares of the company’s stock worth $464,775,000 after purchasing an additional 2,875,079 shares during the period. 69.58% of the stock is owned by institutional investors.

Norwegian Cruise Line Price Performance

NYSE NCLH opened at $18.29 on Friday. The stock has a 50-day simple moving average of $18.74 and a 200 day simple moving average of $17.31. Norwegian Cruise Line has a twelve month low of $12.41 and a twelve month high of $22.75. The stock has a market capitalization of $7.79 billion, a PE ratio of 65.32, a P/E/G ratio of 0.38 and a beta of 2.60. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.19 and a current ratio of 0.22.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Norwegian Cruise Line had a return on equity of 108.69% and a net margin of 1.94%. During the same quarter in the prior year, the business posted ($1.10) EPS. Research analysts anticipate that Norwegian Cruise Line will post 1 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.