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

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

NCLH has been the topic of several recent analyst reports. The Goldman Sachs Group increased their price target on shares of Norwegian Cruise Line from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th. 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. Citigroup 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. Wells Fargo & Company increased their price objective on Norwegian Cruise Line from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Tuesday, May 21st. Finally, Truist Financial raised Norwegian Cruise Line from a “hold” rating to a “buy” rating and increased their price objective for the company from $20.00 to $21.00 in a report on Wednesday, May 29th.

Norwegian Cruise Line Stock Performance

Shares of Norwegian Cruise Line stock opened at $17.54 on Thursday. The firm has a market capitalization of $7.53 billion, a P/E ratio of 25.06, a P/E/G ratio of 0.31 and a beta of 2.69. Norwegian Cruise Line has a 52 week low of $12.70 and a 52 week high of $22.75. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 33.16. The firm’s 50 day moving average is $17.08 and its two-hundred day moving average is $18.04.

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

Insider Buying and Selling

In other Norwegian Cruise Line news, Director Zillah Byng-Thorne bought 13,360 shares of Norwegian Cruise Line stock in a transaction on Friday, May 31st. The stock was bought at an average price of $16.50 per share, with a total value of $220,440.00. Following the completion of the acquisition, the director now owns 13,360 shares in the company, valued at $220,440. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NCLH. Transcendent Capital Group LLC purchased a new stake in Norwegian Cruise Line during the 1st quarter worth about $27,000. YHB Investment Advisors Inc. purchased a new stake in Norwegian Cruise Line during the 1st quarter worth about $39,000. 1832 Asset Management L.P. purchased a new stake in Norwegian Cruise Line during the 4th quarter worth about $44,000. Fidelis Capital Partners LLC purchased a new stake in Norwegian Cruise Line during the 1st quarter worth about $61,000. Finally, Mendota Financial Group LLC purchased a new stake in Norwegian Cruise Line during 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.