Brokerages Set Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Price Target at $27.20

Key Points

• Norwegian Cruise Line Holdings Ltd. has received an average rating of "Moderate Buy" from 22 research firms, with 12 analysts recommending a buy and 8 suggesting a hold.
• The stock's current 12-month price target is $27.20, following adjustments from various analysts, including UBS lowering their target to $23.00 and Jefferies raising it to $29.00.
• As of the latest report, Norwegian Cruise Line's stock opened at $24.48, with the company posting earnings of $0.51 per share, slightly missing analysts' estimates.

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Get Free Report) has received an average rating of "Moderate Buy" from the twenty-two ratings firms that are covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $27.20.

A number of brokerages have weighed in on NCLH. Morgan Stanley increased their price target on Norwegian Cruise Line from $24.00 to $26.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. TD Cowen assumed coverage on Norwegian Cruise Line in a research note on Tuesday, July 22nd. They issued a "buy" rating and a $31.00 target price for the company. Macquarie reduced their target price on Norwegian Cruise Line from $31.00 to $27.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Melius Research upgraded Norwegian Cruise Line to a "strong-buy" rating in a research note on Monday, April 21st. Finally, Wall Street Zen upgraded Norwegian Cruise Line from a "sell" rating to a "hold" rating in a research note on Friday, July 18th.

Hedge Funds Weigh In On Norwegian Cruise Line

Several hedge funds have recently modified their holdings of the company. United Capital Financial Advisors LLC lifted its position in shares of Norwegian Cruise Line by 3.7% during the 4th quarter. United Capital Financial Advisors LLC now owns 13,928 shares of the company's stock worth $358,000 after buying an additional 498 shares in the last quarter. Scotia Capital Inc. lifted its position in shares of Norwegian Cruise Line by 0.5% during the 4th quarter. Scotia Capital Inc. now owns 113,778 shares of the company's stock worth $2,928,000 after buying an additional 540 shares in the last quarter. AdvisorShares Investments LLC lifted its position in shares of Norwegian Cruise Line by 12.0% during the 2nd quarter. AdvisorShares Investments LLC now owns 5,377 shares of the company's stock worth $109,000 after buying an additional 577 shares in the last quarter. Omnia Family Wealth LLC lifted its position in shares of Norwegian Cruise Line by 3.9% during the 2nd quarter. Omnia Family Wealth LLC now owns 15,410 shares of the company's stock worth $313,000 after buying an additional 583 shares in the last quarter. Finally, Brooklyn Investment Group increased its stake in shares of Norwegian Cruise Line by 22.0% during the 1st quarter. Brooklyn Investment Group now owns 3,394 shares of the company's stock worth $64,000 after purchasing an additional 613 shares during the last quarter. Institutional investors own 69.58% of the company's stock.

Norwegian Cruise Line Trading Down 0.9%

NYSE NCLH traded down $0.22 on Friday, reaching $23.79. The company had a trading volume of 2,414,147 shares, compared to its average volume of 14,158,523. The firm has a market cap of $10.75 billion, a price-to-earnings ratio of 16.40, a P/E/G ratio of 1.09 and a beta of 2.24. Norwegian Cruise Line has a fifty-two week low of $14.21 and a fifty-two week high of $29.29. The business has a 50 day moving average of $21.48 and a two-hundred day moving average of $20.83. The company has a debt-to-equity ratio of 8.05, a current ratio of 0.18 and a quick ratio of 0.16.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.55 billion. Norwegian Cruise Line had a net margin of 7.52% and a return on equity of 59.88%. The business's revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.40 earnings per share. Analysts forecast that Norwegian Cruise Line will post 1.48 EPS for the current year.

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.