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

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 stock, Marketbeat 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 1 year price objective among brokers that have covered the stock in the last year is $25.16.

Several analysts recently weighed in on the company. Wall Street Zen downgraded Norwegian Cruise Line from a "hold" rating to a "sell" rating in a research note on Saturday, May 3rd. Truist Financial cut their price target on Norwegian Cruise Line from $35.00 to $27.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. Tigress Financial reiterated a "strong-buy" rating and set a $36.00 target price on shares of Norwegian Cruise Line in a research note on Tuesday, March 11th. Northcoast Research started coverage on Norwegian Cruise Line in a research note on Friday, April 25th. They set a "buy" rating and a $21.00 target price on the stock. Finally, Macquarie cut their target price on Norwegian Cruise Line from $31.00 to $27.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th.

Hedge Funds Weigh In On Norwegian Cruise Line

A number of institutional investors and hedge funds have recently modified their holdings of the company. Strs Ohio purchased a new position in shares of Norwegian Cruise Line in the 1st quarter worth $895,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Norwegian Cruise Line by 6.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,536,708 shares of the company's stock worth $29,136,000 after purchasing an additional 92,772 shares during the period. Optimize Financial Inc raised its holdings in Norwegian Cruise Line by 13.1% in the 1st quarter. Optimize Financial Inc now owns 33,890 shares of the company's stock worth $643,000 after purchasing an additional 3,937 shares during the period. Woodline Partners LP raised its holdings in Norwegian Cruise Line by 40.7% in the 1st quarter. Woodline Partners LP now owns 37,149 shares of the company's stock worth $704,000 after purchasing an additional 10,743 shares during the period. Finally, MBB Public Markets I LLC bought a new position in Norwegian Cruise Line in the 1st quarter worth $301,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Norwegian Cruise Line Stock Up 2.7%

Shares of Norwegian Cruise Line stock traded up $0.50 during midday trading on Thursday, hitting $18.89. The company had a trading volume of 14,728,938 shares, compared to its average volume of 12,677,869. The company has a debt-to-equity ratio of 9.09, a quick ratio of 0.16 and a current ratio of 0.19. The stock has a market capitalization of $8.44 billion, a P/E ratio of 10.92, a P/E/G ratio of 0.32 and a beta of 2.12. The company has a 50 day moving average of $17.84 and a 200 day moving average of $21.70. Norwegian Cruise Line has a 52-week low of $14.21 and a 52-week high of $29.29.

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

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.