Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Receives $20.93 Average PT from Brokerages

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) have been assigned a consensus rating of “Hold” from the fourteen ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $20.93.

NCLH has been the topic of a number of recent research reports. The Goldman Sachs Group assumed coverage on Norwegian Cruise Line in a research report on Wednesday, March 13th. They set a “neutral” rating and a $19.00 price target on the stock. Tigress Financial reaffirmed 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. Susquehanna increased their price objective on Norwegian Cruise Line from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Mizuho started coverage on shares of Norwegian Cruise Line in a research report on Tuesday. They set a “neutral” rating and a $21.00 price target on the stock. Finally, Citigroup decreased their price objective on Norwegian Cruise Line from $23.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, February 12th.

Hedge Funds Weigh In On Norwegian Cruise Line

A number of hedge funds have recently modified their holdings of NCLH. Covestor Ltd lifted its holdings in Norwegian Cruise Line by 5,020.8% during the 1st quarter. Covestor Ltd now owns 1,229 shares of the company’s stock worth $27,000 after buying an additional 1,205 shares in the last quarter. Parkside Financial Bank & Trust grew its position in Norwegian Cruise Line by 272.7% during the 1st quarter. Parkside Financial Bank & Trust now owns 1,856 shares of the company’s stock worth $40,000 after purchasing an additional 1,358 shares during the last quarter. Stonebridge Capital Advisors LLC increased its holdings in shares of Norwegian Cruise Line by 46.2% in the second quarter. Stonebridge Capital Advisors LLC now owns 1,900 shares of the company’s stock valued at $41,000 after purchasing an additional 600 shares during the period. Householder Group Estate & Retirement Specialist LLC acquired a new position in Norwegian Cruise Line in the 3rd quarter valued at $42,000. Finally, 1832 Asset Management L.P. acquired a new stake in Norwegian Cruise Line in the fourth quarter valued at about $44,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Norwegian Cruise Line Price Performance

Norwegian Cruise Line stock opened at $20.93 on Tuesday. Norwegian Cruise Line has a one year low of $12.41 and a one year high of $22.75. The stock’s fifty day moving average price is $18.31 and its two-hundred day moving average price is $17.06. The company has a debt-to-equity ratio of 40.94, a current ratio of 0.22 and a quick ratio of 0.19. The firm has a market cap of $8.91 billion, a PE ratio of 74.75, a price-to-earnings-growth ratio of 0.42 and a beta of 2.59.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings results on Tuesday, February 27th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Norwegian Cruise Line had a net margin of 1.94% and a return on equity of 108.69%. During the same quarter in the previous year, the company posted ($1.10) earnings per share. As a group, research analysts expect that Norwegian Cruise Line will post 0.99 EPS for the current fiscal year.

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.