Brokerages Set Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Target Price at $19.39

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLHGet Free Report) have been assigned an average recommendation of “Hold” from the thirteen analysts that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $19.39.

A number of research analysts recently weighed in on the stock. Morgan Stanley decreased their price target on shares of Norwegian Cruise Line from $14.50 to $13.50 and set an “underweight” rating on the stock in a research note on Thursday, November 2nd. StockNews.com lowered shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Tigress Financial reissued a “strong-buy” rating and issued a $32.00 target price on shares of Norwegian Cruise Line in a research note on Friday, December 15th. Citigroup decreased their target price on shares of Norwegian Cruise Line from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 17th. Finally, Truist Financial decreased their target price on shares of Norwegian Cruise Line from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Tuesday, November 21st.

Read Our Latest Stock Report on Norwegian Cruise Line

Institutional Trading of Norwegian Cruise Line

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Norwegian Cruise Line by 14.0% in the first quarter. Vanguard Group Inc. now owns 45,160,452 shares of the company’s stock worth $988,111,000 after acquiring an additional 5,549,673 shares in the last quarter. Lombard Odier Asset Management USA Corp lifted its position in Norwegian Cruise Line by 100.4% in the fourth quarter. Lombard Odier Asset Management USA Corp now owns 17,455 shares of the company’s stock valued at $214,000 after acquiring an additional 4,376,855 shares during the last quarter. Norges Bank purchased a new stake in Norwegian Cruise Line in the fourth quarter valued at $46,141,000. Capital International Investors raised its holdings in shares of Norwegian Cruise Line by 15.7% in the first quarter. Capital International Investors now owns 21,242,007 shares of the company’s stock valued at $464,775,000 after buying an additional 2,875,079 shares during the last quarter. Finally, Ariel Investments LLC raised its holdings in shares of Norwegian Cruise Line by 113.5% in the first quarter. Ariel Investments LLC now owns 3,528,503 shares of the company’s stock valued at $77,203,000 after buying an additional 1,876,020 shares during the last quarter. Institutional investors and hedge funds own 60.49% of the company’s stock.

Norwegian Cruise Line Trading Down 0.3 %

Shares of Norwegian Cruise Line stock opened at $17.39 on Monday. The firm has a market capitalization of $7.40 billion, a PE ratio of -28.51 and a beta of 2.60. Norwegian Cruise Line has a twelve month low of $12.15 and a twelve month high of $22.75. The firm’s 50-day moving average price is $18.33 and its 200 day moving average price is $16.79. The company has a current ratio of 0.30, a quick ratio of 0.27 and a debt-to-equity ratio of 28.80.

Norwegian Cruise Line Company Profile

(Get Free Report

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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