Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Receives Consensus Rating of “Hold” from Analysts

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) have been assigned a consensus recommendation of “Hold” from the sixteen brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $25.80.

A number of research firms have weighed in on NCLH. The Goldman Sachs Group raised their price target on Norwegian Cruise Line from $24.00 to $29.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. StockNews.com downgraded Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Truist Financial raised their price target on Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Mizuho raised their price target on Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. raised their price target on Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, September 16th.

Norwegian Cruise Line Stock Up 3.1 %

Shares of Norwegian Cruise Line stock opened at $25.94 on Wednesday. The business’s 50 day simple moving average is $21.02 and its 200 day simple moving average is $18.66. Norwegian Cruise Line has a 52-week low of $12.70 and a 52-week high of $26.73. The firm has a market cap of $11.41 billion, a PE ratio of 23.80, a P/E/G ratio of 0.27 and a beta of 2.67. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20.

Norwegian Cruise Line (NYSE:NCLH) last announced its earnings results on Thursday, October 31st. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same quarter last year, the firm earned $0.71 EPS. Norwegian Cruise Line’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, analysts predict that Norwegian Cruise Line will post 1.65 earnings per share for the current fiscal year.

Institutional Trading of Norwegian Cruise Line

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Norwegian Cruise Line by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 49,539,911 shares of the company’s stock valued at $1,036,870,000 after purchasing an additional 324,287 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Norwegian Cruise Line by 120.9% in the 1st 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. Capital International Investors boosted its stake in Norwegian Cruise Line by 0.5% in the 1st quarter. Capital International Investors now owns 20,216,746 shares of the company’s stock valued at $423,136,000 after purchasing an additional 102,948 shares during the period. Baillie Gifford & Co. bought a new stake in Norwegian Cruise Line in the 3rd quarter valued at $179,146,000. Finally, Dimensional Fund Advisors LP raised its holdings in Norwegian Cruise Line by 32.9% in 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. 69.58% of the stock is currently 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.