Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Stock Has Average Target Price of $20.10

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) have been given an average rating of “Hold” by the twenty-five research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $20.18.

A number of research firms have weighed in on NCLH. Mizuho cut Norwegian Cruise Line from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $22.00 to $17.00 in a research report on Tuesday, August 18th. Jefferies Financial Group boosted their target price on Norwegian Cruise Line from $16.00 to $18.00 and gave the company a “hold” rating in a report on Friday, July 17th. Freedom Broker upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating and upped their price target for the stock from $20.00 to $22.00 in a research note on Friday, October 30th. Freedom Capital downgraded Norwegian Cruise Line from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st. Finally, Wells Fargo & Company increased their price target on Norwegian Cruise Line from $18.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, October 30th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its position in Norwegian Cruise Line by 278.4% during the 3rd quarter. Versant Capital Management Inc now owns 1,888 shares of the company’s stock worth $28,000 after purchasing an additional 1,389 shares during the period. Heritage Family Offices LLP purchased a new position in shares of Norwegian Cruise Line during the 3rd quarter worth approximately $30,000. Reyes Financial Architecture Inc. acquired a new stake in shares of Norwegian Cruise Line in the 3rd quarter valued at approximately $37,000. Root Financial Partners LLC acquired a new stake in shares of Norwegian Cruise Line in the 3rd quarter valued at approximately $41,000. Finally, Pension & Wealth Management Advisors Inc. acquired a new stake in shares of Norwegian Cruise Line in the 3rd quarter valued at approximately $48,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Norwegian Cruise Line Trading Up 1.0%

NYSE NCLH opened at $17.95 on Friday. The firm’s fifty day moving average is $15.48 and its two-hundred day moving average is $18.64. Norwegian Cruise Line has a one year low of $13.63 and a one year high of $25.13. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.19 and a current ratio of 0.22. The firm has a market cap of $8.24 billion, a PE ratio of 9.91, a P/E/G ratio of 0.94 and a beta of 1.99.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.19. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.88 billion. Norwegian Cruise Line had a return on equity of 34.28% and a net margin of 8.20%. The business’s revenue was up .3% on a year-over-year basis. During the same quarter last year, the company posted $1.20 earnings per share. Analysts expect that Norwegian Cruise Line will post 1.49 earnings per share for the current year.

About Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd. is a global cruise company headquartered in Miami, Florida. Through its operating brands—Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises—the company provides cruise vacations to destinations worldwide, including Europe, the Caribbean, Alaska, Asia, South America, Australia and New Zealand.

Norwegian Cruise Line offers contemporary cruises with flexible dining, entertainment and onboard activities. Oceania Cruises focuses on destination-oriented, upscale travel and culinary experiences, while Regent Seven Seas Cruises provides an all-inclusive luxury cruise experience.