Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-one ratings firms that are presently covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $25.16.

Several research firms have recently weighed in on NCLH. Citigroup lifted their price objective on shares of Norwegian Cruise Line from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, June 5th. Argus reiterated a “hold” rating on shares of Norwegian Cruise Line in a report on Wednesday. Barclays reduced their target price on Norwegian Cruise Line from $32.00 to $23.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Susquehanna decreased their target price on Norwegian Cruise Line from $27.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, May 1st. Finally, BNP Paribas started coverage on Norwegian Cruise Line in a report on Thursday, March 27th. They issued a “neutral” rating and a $21.00 price target on the stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cookson Peirce & Co. Inc. bought a new position in shares of Norwegian Cruise Line during the 4th quarter worth $654,000. Jupiter Asset Management Ltd. grew its stake in Norwegian Cruise Line by 365.5% in the 4th quarter. Jupiter Asset Management Ltd. now owns 2,168,658 shares of the company’s stock valued at $55,800,000 after buying an additional 1,702,748 shares in the last quarter. Granahan Investment Management LLC purchased a new position in Norwegian Cruise Line in the 4th quarter valued at approximately $7,634,000. Charles Schwab Investment Management Inc. raised its holdings in Norwegian Cruise Line by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,547,816 shares of the company’s stock valued at $91,285,000 after acquiring an additional 47,507 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Norwegian Cruise Line by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company’s stock worth $1,371,596,000 after acquiring an additional 277,360 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Trading Up 1.4%

NYSE NCLH opened at $18.38 on Thursday. Norwegian Cruise Line has a 12 month low of $14.21 and a 12 month high of $29.29. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 9.09. The firm has a market capitalization of $8.21 billion, a PE ratio of 10.63, a price-to-earnings-growth ratio of 0.31 and a beta of 2.12. The business’s 50-day moving average price is $17.75 and its two-hundred day moving average price is $21.91.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results on Wednesday, April 30th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). Norwegian Cruise Line had a net margin of 9.05% and a return on equity of 66.78%. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same period in the prior year, the company posted $0.16 EPS. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, analysts expect that Norwegian Cruise Line will post 1.48 EPS for the current year.

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.