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

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLHGet Rating) have been assigned an average recommendation of “Hold” from the fourteen brokerages that are currently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $23.14.

NCLH has been the topic of several analyst reports. Susquehanna Bancshares initiated coverage on Norwegian Cruise Line in a research report on Thursday, June 9th. They issued a “positive” rating and a $20.00 target price on the stock. Susquehanna initiated coverage on Norwegian Cruise Line in a research note on Thursday, June 9th. They set a “positive” rating and a $20.00 price target for the company. UBS Group decreased their price target on Norwegian Cruise Line to $18.00 and set a “hold” rating for the company in a research note on Thursday, May 19th. Barclays initiated coverage on Norwegian Cruise Line in a research note on Tuesday, June 28th. They set an “equal weight” rating and a $14.00 price target for the company. Finally, Credit Suisse Group decreased their price target on Norwegian Cruise Line from $38.00 to $33.00 in a research note on Wednesday, May 11th.

Insider Buying and Selling

In other news, Director Russell W. Galbut acquired 100,000 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The stock was acquired at an average cost of $15.12 per share, for a total transaction of $1,512,000.00. Following the completion of the acquisition, the director now owns 489,917 shares in the company, valued at $7,407,545.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.77% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Norwegian Cruise Line

Several institutional investors have recently bought and sold shares of the stock. Covestor Ltd increased its stake in shares of Norwegian Cruise Line by 5,020.8% in the first quarter. Covestor Ltd now owns 1,229 shares of the company’s stock worth $27,000 after purchasing an additional 1,205 shares during the period. Pinnacle Financial Partners Inc. bought a new position in shares of Norwegian Cruise Line in the fourth quarter worth about $26,000. US Asset Management LLC bought a new position in shares of Norwegian Cruise Line in the first quarter worth about $28,000. DeDora Capital Inc. acquired a new stake in Norwegian Cruise Line during the first quarter worth about $29,000. Finally, Sterling Investment Advisors Ltd. acquired a new stake in Norwegian Cruise Line during the fourth quarter worth about $29,000. 56.13% of the stock is currently owned by institutional investors.

Norwegian Cruise Line Stock Up 4.2 %

Shares of Norwegian Cruise Line stock opened at $12.99 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 8.33. The business’s 50 day simple moving average is $12.68 and its 200-day simple moving average is $17.25. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of -1.23 and a beta of 2.47. Norwegian Cruise Line has a twelve month low of $10.31 and a twelve month high of $29.45.

Norwegian Cruise Line (NYSE:NCLHGet Rating) last posted its earnings results on Tuesday, May 10th. The company reported ($1.90) EPS for the quarter, missing the consensus estimate of ($1.80) by ($0.10). Norwegian Cruise Line had a negative net margin of 353.02% and a negative return on equity of 116.64%. The business had revenue of $521.90 million during the quarter, compared to analyst estimates of $760.34 million. During the same quarter in the prior year, the business earned ($2.03) earnings per share. The firm’s revenue was up 16735.5% compared to the same quarter last year. Equities research analysts forecast that Norwegian Cruise Line will post -2.41 earnings per share for the current year.

Norwegian Cruise Line Company Profile

(Get Rating)

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 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 locations, including destinations in Scandinavia, Russia, 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.

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Analyst Recommendations for Norwegian Cruise Line (NYSE:NCLH)

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