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

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

NCLH has been the topic of several recent research reports. The Goldman Sachs Group initiated coverage on shares of Norwegian Cruise Line in a report on Wednesday, March 13th. They set a “neutral” rating and a $19.00 target price on the stock. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $18.00 target price on shares of Norwegian Cruise Line in a report on Friday, January 5th. Susquehanna increased their price target on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the stock a “neutral” rating in a research 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 stock an “underweight” rating in a research report on Tuesday, March 5th. Finally, Citigroup reduced their price target on shares of Norwegian Cruise Line from $23.00 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, February 12th.

Norwegian Cruise Line Stock Down 0.8 %

Norwegian Cruise Line stock opened at $19.39 on Friday. Norwegian Cruise Line has a twelve month low of $12.41 and a twelve month high of $22.75. The company’s 50-day moving average price is $18.90 and its two-hundred day moving average price is $17.38. The stock has a market cap of $8.25 billion, a P/E ratio of 69.25, a P/E/G ratio of 0.39 and a beta of 2.60. 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 announced its earnings results on Tuesday, February 27th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.05). Norwegian Cruise Line had a return on equity of 108.69% and a net margin of 1.94%. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the prior year, the business posted ($1.10) earnings per share. As a group, analysts expect that Norwegian Cruise Line will post 1 EPS for the current year.

Institutional Trading of Norwegian Cruise Line

A number of hedge funds have recently added to or reduced their stakes in the stock. Capital Research Global Investors boosted its position 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 buying an additional 26,676,150 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Norwegian Cruise Line by 2.1% during the third quarter. Vanguard Group Inc. now owns 49,697,071 shares of the company’s stock worth $819,008,000 after purchasing an additional 1,031,053 shares during the period. Invesco Ltd. lifted its holdings in shares of Norwegian Cruise Line by 22.4% during the third quarter. Invesco Ltd. now owns 8,197,327 shares of the company’s stock worth $135,092,000 after purchasing an additional 1,499,622 shares during the period. Norges Bank acquired a new position in shares of Norwegian Cruise Line during the fourth quarter worth $83,243,000. Finally, Northern Trust Corp lifted its holdings in shares of Norwegian Cruise Line by 3.0% during the third quarter. Northern Trust Corp now owns 3,425,731 shares of the company’s stock worth $56,456,000 after purchasing an additional 100,682 shares during the period. 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.