Brokerages Set Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) PT at $21.79

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) has received an average recommendation of “Hold” from the fourteen brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $21.79.

A number of research analysts have recently weighed in on the company. UBS Group increased their price objective on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. StockNews.com raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Susquehanna cut their price target on Norwegian Cruise Line from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Norwegian Cruise Line from $18.00 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, May 21st. Finally, Citigroup boosted their target price on Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st.

Norwegian Cruise Line Trading Down 0.3 %

Shares of NYSE NCLH opened at $17.48 on Thursday. The company has a debt-to-equity ratio of 33.16, a current ratio of 0.24 and a quick ratio of 0.22. The stock has a market capitalization of $7.50 billion, a P/E ratio of 24.97, a price-to-earnings-growth 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 $22.75. The business has a fifty day moving average price of $17.02 and a 200 day moving average price of $18.00.

Norwegian Cruise Line (NYSE:NCLH) last announced its earnings results on Wednesday, May 1st. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.05. Norwegian Cruise Line had a return on equity of 136.20% and a net margin of 3.84%. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.24 billion. Equities research analysts expect that Norwegian Cruise Line will post 1.17 EPS for the current fiscal year.

Insider Transactions at Norwegian Cruise Line

In other news, Director Zillah Byng-Thorne bought 13,360 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was purchased at an average price of $16.50 per share, for a total transaction of $220,440.00. Following the completion of the purchase, the director now owns 13,360 shares in the company, valued at approximately $220,440. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Norwegian Cruise Line

Several hedge funds have recently made changes to their positions in the business. Capital Research Global Investors boosted its stake in shares of Norwegian Cruise Line by 87.8% during the fourth quarter. Capital Research Global Investors now owns 57,049,928 shares of the company’s stock worth $1,143,285,000 after buying an additional 26,676,150 shares during the period. Vanguard Group Inc. raised its holdings in Norwegian Cruise Line by 2.1% during the third quarter. Vanguard Group Inc. now owns 49,697,071 shares of the company’s stock worth $819,008,000 after purchasing an additional 1,031,053 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Norwegian Cruise Line by 120.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock worth $470,889,000 after purchasing an additional 12,313,426 shares in the last quarter. Capital International Investors raised its holdings in Norwegian Cruise Line by 0.5% during the first quarter. Capital International Investors now owns 20,216,746 shares of the company’s stock worth $423,136,000 after purchasing an additional 102,948 shares in the last quarter. Finally, Norges Bank purchased a new position in Norwegian Cruise Line during the fourth quarter worth about $83,243,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

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.