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

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twenty-one research firms that are currently covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $25.16.

A number of equities analysts recently weighed in on the stock. Barclays lifted their price objective on shares of Norwegian Cruise Line from $22.00 to $25.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Melius Research upgraded shares of Norwegian Cruise Line to a "strong-buy" rating in a research note on Monday, April 21st. Citigroup raised their price objective on shares of Norwegian Cruise Line from $24.00 to $25.00 and gave the company a "buy" rating in a research report on Thursday, June 5th. Jefferies Financial Group lifted their price objective on Norwegian Cruise Line from $24.00 to $29.00 and gave the company a "buy" rating in a report on Monday, July 7th. Finally, Loop Capital dropped their target price on Norwegian Cruise Line from $25.00 to $24.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st.

Norwegian Cruise Line Price Performance

NCLH stock opened at $22.58 on Monday. The business has a 50 day moving average price of $19.12 and a 200 day moving average price of $21.12. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 9.09. The stock has a market cap of $10.09 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 0.39 and a beta of 2.13. Norwegian Cruise Line has a fifty-two week low of $14.21 and a fifty-two week high of $29.29.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). Norwegian Cruise Line had a return on equity of 66.78% and a net margin of 9.05%. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the prior year, the business earned $0.16 earnings per share. Norwegian Cruise Line's revenue was down 2.9% compared to the same quarter last year. Equities research analysts anticipate that Norwegian Cruise Line will post 1.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NCLH. Vanguard Capital Wealth Advisors acquired a new stake in shares of Norwegian Cruise Line in the second quarter worth approximately $495,000. Farther Finance Advisors LLC raised its stake in Norwegian Cruise Line by 52.3% during the second quarter. Farther Finance Advisors LLC now owns 4,668 shares of the company's stock worth $95,000 after purchasing an additional 1,603 shares during the period. CX Institutional boosted its holdings in shares of Norwegian Cruise Line by 11.8% in the 2nd quarter. CX Institutional now owns 11,507 shares of the company's stock valued at $233,000 after purchasing an additional 1,215 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Norwegian Cruise Line by 33.2% during the 2nd quarter. UMB Bank n.a. now owns 4,020 shares of the company's stock valued at $82,000 after buying an additional 1,002 shares during the period. Finally, Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of Norwegian Cruise Line during the 2nd quarter worth $186,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.