Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Given Consensus Rating of “Hold” by Brokerages

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) have received an average rating of “Hold” from the fourteen analysts that are covering the stock, MarketBeat.com reports. One investment analyst has 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 company. The average 1 year price target among brokerages that have covered the stock in the last year is $20.87.

A number of equities analysts recently issued reports on the stock. Barclays raised their price objective on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 28th. Wells Fargo & Company restated an “equal weight” rating and issued a $18.00 price target on shares of Norwegian Cruise Line in a research report on Friday, January 5th. Susquehanna increased their price objective on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Truist Financial boosted their target price on shares of Norwegian Cruise Line from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Friday, March 1st. Finally, Mizuho began coverage on shares of Norwegian Cruise Line in a research report on Tuesday, March 26th. They set a “neutral” rating and a $21.00 target price on the stock.

Norwegian Cruise Line Price Performance

NYSE NCLH opened at $18.29 on Friday. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.19 and a current ratio of 0.22. The company has a market capitalization of $7.79 billion, a price-to-earnings ratio of 65.32, a PEG ratio of 0.38 and a beta of 2.60. The stock has a 50-day moving average of $18.74 and a 200 day moving average of $17.31. Norwegian Cruise Line has a one year low of $12.41 and a one year high of $22.75.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings results on Tuesday, February 27th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). The company 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 firm earned ($1.10) earnings per share. On average, sell-side analysts forecast that Norwegian Cruise Line will post 1 EPS for the current year.

Institutional Investors Weigh In On Norwegian Cruise Line

Institutional investors and hedge funds have recently modified their holdings of the business. Segantii Capital Management Ltd bought a new stake in shares of Norwegian Cruise Line during the third quarter valued at approximately $1,582,000. Deutsche Bank AG raised its holdings in shares of Norwegian Cruise Line by 44.3% in the 3rd quarter. Deutsche Bank AG now owns 879,293 shares of the company’s stock valued at $14,491,000 after purchasing an additional 269,849 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Norwegian Cruise Line by 4.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,691,795 shares of the company’s stock valued at $44,361,000 after purchasing an additional 126,147 shares in the last quarter. Handelsbanken Fonder AB lifted its position in shares of Norwegian Cruise Line by 100.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 165,600 shares of the company’s stock worth $2,729,000 after purchasing an additional 82,800 shares during the period. Finally, WealthPlan Investment Management LLC bought a new stake in Norwegian Cruise Line during the 3rd quarter valued at $1,824,000. 69.58% of the stock is owned by 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.