Analysts Set Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Target Price at $23.30

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) have earned a consensus recommendation of “Hold” from the fifteen ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $23.30.

A number of analysts have recently commented on the company. Tigress Financial restated a “strong-buy” rating and issued a $32.00 target price on shares of Norwegian Cruise Line in a research note on Friday, August 9th. Barclays lifted their target price on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. boosted their target price on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Truist Financial raised their price target on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Finally, Morgan Stanley increased their target price on shares of Norwegian Cruise Line from $16.50 to $17.50 and gave the stock an “underweight” rating in a research note on Wednesday, August 7th.

Norwegian Cruise Line Trading Down 0.1 %

Shares of NCLH opened at $23.35 on Friday. Norwegian Cruise Line has a 1 year low of $12.70 and a 1 year high of $23.82. The company has a 50 day simple moving average of $18.59 and a two-hundred day simple moving average of $18.11. 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 firm has a market cap of $10.02 billion, a P/E ratio of 33.36, a price-to-earnings-growth ratio of 0.33 and a beta of 2.71.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.05. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.38 billion. Norwegian Cruise Line had a return on equity of 105.44% and a net margin of 4.62%. Norwegian Cruise Line’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.20 earnings per share. On average, equities analysts expect that Norwegian Cruise Line will post 1.38 earnings per share for the current fiscal year.

Institutional Trading of Norwegian Cruise Line

Several institutional investors and hedge funds have recently bought and sold shares of NCLH. Price T Rowe Associates Inc. MD increased its stake in shares of Norwegian Cruise Line by 120.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock valued at $470,889,000 after purchasing an additional 12,313,426 shares during the period. Columbus Hill Capital Management L.P. acquired a new stake in Norwegian Cruise Line in the 2nd quarter valued at approximately $23,479,000. Dimensional Fund Advisors LP raised its stake in Norwegian Cruise Line by 32.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock valued at $85,835,000 after acquiring an additional 1,129,770 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new position in Norwegian Cruise Line during the 2nd quarter worth $15,213,000. Finally, Hodges Capital Management Inc. grew its stake in shares of Norwegian Cruise Line by 33.0% in the second quarter. Hodges Capital Management Inc. now owns 1,521,440 shares of the company’s stock worth $28,588,000 after purchasing an additional 377,233 shares in the last quarter. Institutional investors and hedge funds 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.