Brokerages Set Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) PT at $20.87

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) has earned an average rating of “Hold” from the fourteen analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $20.87.

Several brokerages recently issued reports on NCLH. Citigroup cut their target price on shares of Norwegian Cruise Line from $23.00 to $19.00 and set a “neutral” rating for the company in a research report on Monday, February 12th. Morgan Stanley upped their price target on shares of Norwegian Cruise Line from $14.00 to $15.00 and gave the stock an “underweight” rating in a research report on Tuesday, March 5th. Truist Financial upped their price target on shares of Norwegian Cruise Line from $17.00 to $20.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $25.00 price target on shares of Norwegian Cruise Line in a research report on Tuesday, April 9th. Finally, Mizuho started coverage on shares of Norwegian Cruise Line in a research report on Tuesday, March 26th. They issued a “neutral” rating and a $21.00 price target for the company.

Norwegian Cruise Line Stock Up 1.4 %

NCLH opened at $18.55 on Friday. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 40.94. The firm has a 50 day moving average price of $18.78 and a 200-day moving average price of $17.34. Norwegian Cruise Line has a twelve month low of $12.41 and a twelve month high of $22.75. The stock has a market capitalization of $7.90 billion, a price-to-earnings ratio of 66.25, a PEG ratio of 0.38 and a beta of 2.60.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Tuesday, February 27th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.05). The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the firm earned ($1.10) earnings per share. Equities research analysts forecast that Norwegian Cruise Line will post 1 earnings per share for the current year.

Institutional Investors Weigh In On Norwegian Cruise Line

Several hedge funds and other institutional investors have recently made changes to their positions in NCLH. 1832 Asset Management L.P. purchased a new position in Norwegian Cruise Line in the 4th quarter worth about $44,000. Larson Financial Group LLC increased its stake in Norwegian Cruise Line by 38.0% in the 3rd quarter. Larson Financial Group LLC now owns 3,574 shares of the company’s stock worth $59,000 after buying an additional 984 shares during the period. Parkside Financial Bank & Trust increased its stake in Norwegian Cruise Line by 85.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 3,726 shares of the company’s stock worth $61,000 after buying an additional 1,721 shares during the period. Exchange Traded Concepts LLC purchased a new position in Norwegian Cruise Line in the 3rd quarter worth about $64,000. Finally, Mendota Financial Group LLC purchased a new position in Norwegian Cruise Line in the 4th quarter worth about $66,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

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.