Brokerages Set Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Target Price at $23.30

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) have received a consensus rating of “Hold” from the fifteen ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $23.30.

A number of research analysts recently commented on NCLH shares. Barclays boosted their price objective on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Susquehanna boosted their price objective on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Stifel Nicolaus increased their price target on shares of Norwegian Cruise Line from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Finally, Truist Financial lifted their price objective on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, September 26th.

Institutional Investors Weigh In On Norwegian Cruise Line

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bleakley Financial Group LLC grew its position in shares of Norwegian Cruise Line by 9.3% in the first quarter. Bleakley Financial Group LLC now owns 15,095 shares of the company’s stock valued at $316,000 after purchasing an additional 1,281 shares during the last quarter. Van ECK Associates Corp grew its position in Norwegian Cruise Line by 875.2% in the 1st quarter. Van ECK Associates Corp now owns 122,448 shares of the company’s stock worth $2,563,000 after purchasing an additional 109,892 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Norwegian Cruise Line by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 201,150 shares of the company’s stock worth $4,031,000 after purchasing an additional 10,174 shares during the period. Mackenzie Financial Corp grew its position in Norwegian Cruise Line by 26.7% during the second quarter. Mackenzie Financial Corp now owns 1,008,327 shares of the company’s stock worth $18,946,000 after buying an additional 212,787 shares in the last quarter. Finally, Mather Group LLC. acquired a new stake in Norwegian Cruise Line during the first quarter worth about $87,000. 69.58% of the stock is owned by institutional investors and hedge funds.

Norwegian Cruise Line Stock Down 1.2 %

NYSE NCLH opened at $23.81 on Friday. The company has a debt-to-equity ratio of 17.19, a current ratio of 0.24 and a quick ratio of 0.22. The company’s 50 day simple moving average is $19.30 and its 200 day simple moving average is $18.24. Norwegian Cruise Line has a 12 month low of $12.70 and a 12 month high of $24.80. The company has a market capitalization of $10.22 billion, a P/E ratio of 34.01, a PEG ratio of 0.33 and a beta of 2.71.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same quarter in the previous year, the business earned $0.20 earnings per share. The firm’s revenue was up 7.6% compared to the same quarter last year. Equities research analysts expect that Norwegian Cruise Line will post 1.38 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.