Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Receives $22.38 Average Target Price from Brokerages

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) has received an average recommendation of “Hold” from the seventeen research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $22.38.

A number of research firms have issued reports on NCLH. Morgan Stanley boosted their price objective on shares of Norwegian Cruise Line from $16.50 to $17.50 and gave the company an “underweight” rating in a research report on Wednesday, August 7th. Susquehanna boosted their price target on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Bank of America increased their price objective on Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft boosted their target price on Norwegian Cruise Line from $18.00 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, May 21st. Finally, Barclays raised their price target on Norwegian Cruise Line from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st.

Norwegian Cruise Line Price Performance

NCLH opened at $17.85 on Friday. The company has a debt-to-equity ratio of 17.19, a current ratio of 0.24 and a quick ratio of 0.22. The stock’s 50 day simple moving average is $17.69 and its 200 day simple moving average is $17.86. The firm has a market cap of $7.66 billion, a price-to-earnings ratio of 25.50, a PEG ratio of 0.29 and a beta of 2.69. Norwegian Cruise Line has a 1 year low of $12.70 and a 1 year high of $21.73.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Norwegian Cruise Line had a return on equity of 105.44% and a net margin of 4.62%. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same quarter in the prior year, the firm posted $0.20 earnings per share. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. As a group, analysts predict that Norwegian Cruise Line will post 1.17 earnings per share for the current year.

Institutional Trading of Norwegian Cruise Line

Hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC raised its stake in Norwegian Cruise Line by 2.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 21,605 shares of the company’s stock valued at $452,000 after buying an additional 537 shares during the last quarter. Signaturefd LLC raised its position in shares of Norwegian Cruise Line by 5.6% in the 2nd quarter. Signaturefd LLC now owns 13,365 shares of the company’s stock worth $251,000 after purchasing an additional 705 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Norwegian Cruise Line by 5.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 13,713 shares of the company’s stock worth $258,000 after purchasing an additional 747 shares in the last quarter. GAMMA Investing LLC grew its position in Norwegian Cruise Line by 20.7% during the 1st quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock valued at $109,000 after purchasing an additional 888 shares during the last quarter. Finally, State of Michigan Retirement System increased its stake in Norwegian Cruise Line by 0.8% during the 2nd quarter. State of Michigan Retirement System now owns 117,479 shares of the company’s stock valued at $2,207,000 after purchasing an additional 900 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

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.