Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $18.92, but opened at $18.00. Norwegian Cruise Line shares last traded at $17.28, with a volume of 5,570,595 shares trading hands.
Analyst Upgrades and Downgrades
NCLH has been the topic of a number of recent research reports. Citigroup decreased their price objective on Norwegian Cruise Line from $23.00 to $19.00 and set a "neutral" rating on the stock in a research report on Monday, February 12th. Barclays upped their price objective on Norwegian Cruise Line from $20.00 to $21.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 28th. Mizuho initiated coverage on Norwegian Cruise Line in a report on Tuesday, March 26th. They issued a "neutral" rating and a $21.00 price target on the stock. Stifel Nicolaus reiterated a "buy" rating and issued a $25.00 price target on shares of Norwegian Cruise Line in a report on Tuesday, April 9th. Finally, Truist Financial increased their price target on Norwegian Cruise Line from $17.00 to $20.00 and gave the stock a "hold" rating in a report on Friday, March 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $20.87.
Read Our Latest Research Report on NCLH
Norwegian Cruise Line Stock Performance
The firm has a fifty day moving average price of $19.12 and a 200 day moving average price of $17.48. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.19 and a current ratio of 0.22. The stock has a market cap of $6.84 billion, a PE ratio of 61.71, a price-to-earnings-growth ratio of 0.40 and a beta of 2.60.
Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last issued its earnings results on Tuesday, February 27th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.05). The firm had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.99 billion. Norwegian Cruise Line had a return on equity of 108.69% and a net margin of 1.94%. During the same quarter last year, the business earned ($1.10) EPS. Research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Norwegian Cruise Line
Institutional investors have recently modified their holdings of the stock. YHB Investment Advisors Inc. purchased a new position in shares of Norwegian Cruise Line during the 1st quarter valued at about $39,000. 1832 Asset Management L.P. acquired a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at about $44,000. Larson Financial Group LLC grew its position in shares of Norwegian Cruise Line by 38.0% during the 3rd quarter. Larson Financial Group LLC now owns 3,574 shares of the company's stock valued at $59,000 after acquiring an additional 984 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Norwegian Cruise Line by 85.8% during the 3rd quarter. Parkside Financial Bank & Trust now owns 3,726 shares of the company's stock valued at $61,000 after acquiring an additional 1,721 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Norwegian Cruise Line during the 3rd quarter valued at about $64,000. Hedge funds and other institutional investors own 69.58% of the company's stock.
Norwegian Cruise Line Company Profile
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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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