Norwegian Cruise Line (NYSE:NCLH) Coverage Initiated at Mizuho

Stock analysts at Mizuho began coverage on shares of Norwegian Cruise Line (NYSE:NCLH) in a report released on Tuesday, MarketBeat reports. The brokerage set a “neutral” rating and a $21.00 price target on the stock. Mizuho’s price target would indicate a potential downside of 1.59% from the company’s current price.

Several other analysts also recently weighed in on the stock. Barclays lifted their target price on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, February 28th. Truist Financial boosted their target price on Norwegian Cruise Line from $17.00 to $20.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. Citigroup reduced their price target on Norwegian Cruise Line from $23.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, February 12th. Tigress Financial restated a “strong-buy” rating and issued a $32.00 price target on shares of Norwegian Cruise Line in a research note on Friday, December 15th. Finally, Susquehanna increased their price objective on Norwegian Cruise Line from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $20.93.

Norwegian Cruise Line Stock Up 5.9 %

NCLH opened at $21.34 on Tuesday. Norwegian Cruise Line has a 52 week low of $12.28 and a 52 week high of $22.75. The business has a 50 day moving average price of $18.24 and a two-hundred day moving average price of $17.03. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 40.94. The company has a market cap of $9.08 billion, a PE ratio of 76.22, a P/E/G ratio of 0.43 and a beta of 2.59.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results on Tuesday, February 27th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). Norwegian Cruise Line had a net margin of 1.94% and a return on equity of 108.69%. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period in the previous year, the firm posted ($1.10) EPS. As a group, research analysts anticipate that Norwegian Cruise Line will post 0.99 EPS for the current year.

Hedge Funds Weigh In On Norwegian Cruise Line

Several hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. grew its holdings in Norwegian Cruise Line by 16.3% during the 1st quarter. American Century Companies Inc. now owns 29,153 shares of the company’s stock valued at $638,000 after buying an additional 4,081 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Norwegian Cruise Line by 20.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 55,781 shares of the company’s stock valued at $1,220,000 after acquiring an additional 9,335 shares during the last quarter. BlackRock Inc. increased its position in Norwegian Cruise Line by 4.2% during the 1st quarter. BlackRock Inc. now owns 22,085,953 shares of the company’s stock worth $483,242,000 after purchasing an additional 882,556 shares in the last quarter. Great West Life Assurance Co. Can acquired a new position in Norwegian Cruise Line in the 1st quarter valued at about $1,515,000. Finally, Yousif Capital Management LLC lifted its holdings in Norwegian Cruise Line by 7.2% in the 1st quarter. Yousif Capital Management LLC now owns 67,863 shares of the company’s stock valued at $1,485,000 after purchasing an additional 4,570 shares in the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

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.