Analysts Set Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Price Target at $26.63

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) has received an average rating of “Moderate Buy” from the twenty-one brokerages that are presently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $26.26.

A number of equities analysts have recently weighed in on the company. StockNews.com lowered Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research note on Saturday. Loop Capital reduced their price objective on shares of Norwegian Cruise Line from $25.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Melius Research upgraded shares of Norwegian Cruise Line to a “strong-buy” rating in a research report on Monday, April 21st. Citigroup lifted their price target on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the company a “buy” rating in a report on Friday, February 28th. Finally, Tigress Financial reissued a “strong-buy” rating and set a $36.00 price target on shares of Norwegian Cruise Line in a research note on Tuesday, March 11th.

Norwegian Cruise Line Stock Performance

Shares of NCLH opened at $17.27 on Wednesday. The business has a 50-day simple moving average of $18.24 and a two-hundred day simple moving average of $23.49. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line has a 52 week low of $14.21 and a 52 week high of $29.29. The stock has a market cap of $7.66 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 0.24 and a beta of 2.09.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results on Wednesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The company’s revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 earnings per share. On average, analysts expect that Norwegian Cruise Line will post 1.48 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. United Capital Financial Advisors LLC raised its stake in shares of Norwegian Cruise Line by 3.7% during the fourth quarter. United Capital Financial Advisors LLC now owns 13,928 shares of the company’s stock valued at $358,000 after acquiring an additional 498 shares in the last quarter. Scotia Capital Inc. raised its position in Norwegian Cruise Line by 0.5% during the 4th quarter. Scotia Capital Inc. now owns 113,778 shares of the company’s stock valued at $2,928,000 after purchasing an additional 540 shares in the last quarter. Quadrant Capital Group LLC grew its position in shares of Norwegian Cruise Line by 35.0% during the 4th quarter. Quadrant Capital Group LLC now owns 2,524 shares of the company’s stock worth $65,000 after buying an additional 654 shares in the last quarter. Burns Matteson Capital Management LLC raised its holdings in shares of Norwegian Cruise Line by 4.0% in the first quarter. Burns Matteson Capital Management LLC now owns 17,618 shares of the company’s stock valued at $334,000 after acquiring an additional 677 shares in the last quarter. Finally, Rakuten Securities Inc. raised its holdings in shares of Norwegian Cruise Line by 176.0% in the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock valued at $30,000 after purchasing an additional 739 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

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.