Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Given Average Rating of “Hold” by Analysts

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) have been assigned an average recommendation of “Hold” from the sixteen research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $25.80.

A number of research firms have recently commented on NCLH. JPMorgan Chase & Co. boosted their price target on Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft boosted their price target on Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Citigroup raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $20.00 to $30.00 in a report on Wednesday, October 9th. Bank of America boosted their price target on Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Finally, Truist Financial upped their target price on Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, September 26th.

Norwegian Cruise Line Price Performance

Shares of NYSE NCLH opened at $25.94 on Wednesday. The stock has a market capitalization of $11.41 billion, a PE ratio of 23.80, a P/E/G ratio of 0.27 and a beta of 2.67. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The business has a fifty day moving average price of $21.02 and a two-hundred day moving average price of $18.66. Norwegian Cruise Line has a fifty-two week low of $12.70 and a fifty-two week high of $26.73.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.05. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same period in the previous year, the firm earned $0.71 EPS. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. As a group, equities analysts predict that Norwegian Cruise Line will post 1.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of institutional investors have recently made changes to their positions in NCLH. Vanguard Group Inc. raised its stake in shares of Norwegian Cruise Line by 0.7% in the first quarter. Vanguard Group Inc. now owns 49,539,911 shares of the company’s stock worth $1,036,870,000 after purchasing an additional 324,287 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Norwegian Cruise Line by 120.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock valued at $470,889,000 after acquiring an additional 12,313,426 shares during the last quarter. Capital International Investors increased its position in shares of Norwegian Cruise Line by 0.5% during the first quarter. Capital International Investors now owns 20,216,746 shares of the company’s stock valued at $423,136,000 after acquiring an additional 102,948 shares during the last quarter. Baillie Gifford & Co. purchased a new stake in shares of Norwegian Cruise Line during the third quarter valued at approximately $179,146,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Norwegian Cruise Line by 32.9% during the second quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock valued at $85,835,000 after acquiring an additional 1,129,770 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Company Profile

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.