Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Receives Average Rating of "Moderate Buy" from Brokerages

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 earned a consensus rating of "Moderate Buy" from the twenty-two research firms that are presently covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $27.20.

A number of analysts recently commented on NCLH shares. Argus reissued a "hold" rating on shares of Norwegian Cruise Line in a report on Wednesday, June 18th. Wall Street Zen raised Norwegian Cruise Line from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. UBS Group lowered their price target on Norwegian Cruise Line from $29.00 to $23.00 and set a "neutral" rating on the stock in a report on Monday, June 30th. Jefferies Financial Group lifted their price objective on Norwegian Cruise Line from $24.00 to $29.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Finally, The Goldman Sachs Group decreased their target price on Norwegian Cruise Line from $31.00 to $20.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd.

Norwegian Cruise Line Stock Down 1.4%

Norwegian Cruise Line stock opened at $24.48 on Friday. The stock's 50 day moving average price is $21.35 and its 200 day moving average price is $20.92. Norwegian Cruise Line has a 1-year low of $14.21 and a 1-year high of $29.29. The company has a market cap of $11.06 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 1.13 and a beta of 2.24. 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 released its earnings results on Thursday, July 31st. The company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). Norwegian Cruise Line had a net margin of 7.52% and a return on equity of 59.88%. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the business posted $0.40 EPS. Norwegian Cruise Line's revenue was up 6.1% compared to the same quarter last year. On average, sell-side analysts predict that Norwegian Cruise Line will post 1.48 EPS for the current fiscal year.

Institutional Trading of Norwegian Cruise Line

Hedge funds have recently bought and sold shares of the company. Granahan Investment Management LLC acquired a new position in shares of Norwegian Cruise Line during the 4th quarter valued at about $7,634,000. Janney Montgomery Scott LLC purchased a new stake in Norwegian Cruise Line in the first quarter valued at approximately $1,645,000. New Wave Wealth Advisors LLC grew its holdings in Norwegian Cruise Line by 5,467.9% in the first quarter. New Wave Wealth Advisors LLC now owns 18,374 shares of the company's stock valued at $348,000 after purchasing an additional 18,044 shares during the period. Deutsche Bank AG increased its position in Norwegian Cruise Line by 41.4% during the fourth quarter. Deutsche Bank AG now owns 1,881,398 shares of the company's stock worth $48,408,000 after purchasing an additional 551,251 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in Norwegian Cruise Line by 4.7% during the fourth quarter. Alliancebernstein L.P. now owns 501,564 shares of the company's stock worth $12,905,000 after purchasing an additional 22,734 shares during the period. Institutional investors and hedge funds 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.

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