Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Stock Rated “Hold” by Wall Street Brokerages

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) has received an average recommendation of “Hold” from the twenty-five brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, sixteen have issued a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $20.18.

Several research analysts have recently commented on the stock. Barclays decreased their price target on shares of Norwegian Cruise Line from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Friday, July 31st. Susquehanna lowered their target price on Norwegian Cruise Line from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, October 20th. Wells Fargo & Company boosted their price objective on Norwegian Cruise Line from $18.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, October 30th. Truist Financial dropped their price objective on shares of Norwegian Cruise Line from $20.00 to $16.00 and set a “hold” rating on the stock in a report on Thursday, September 24th. Finally, Weiss Ratings upgraded shares of Norwegian Cruise Line from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday.

Norwegian Cruise Line Trading Down 4.6%

NCLH opened at $17.75 on Friday. The stock has a market capitalization of $8.15 billion, a PE ratio of 9.81, a P/E/G ratio of 0.98 and a beta of 1.99. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.22 and a quick ratio of 0.19. Norwegian Cruise Line has a 12-month low of $13.63 and a 12-month high of $25.13. The firm’s fifty day moving average price is $15.45 and its 200 day moving average price is $18.65.

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

Institutional Investors Weigh In On Norwegian Cruise Line

Several institutional investors have recently bought and sold shares of NCLH. Elliott Investment Management L.P. acquired a new stake in shares of Norwegian Cruise Line during the first quarter valued at approximately $246,578,000. Dimensional Fund Advisors LP lifted its holdings in shares of Norwegian Cruise Line by 7.7% in the first quarter. Dimensional Fund Advisors LP now owns 7,262,590 shares of the company’s stock valued at $135,776,000 after purchasing an additional 518,790 shares in the last quarter. Hound Partners LLC boosted its position in shares of Norwegian Cruise Line by 50.0% in the first quarter. Hound Partners LLC now owns 5,713,090 shares of the company’s stock worth $106,835,000 after buying an additional 1,905,203 shares during the period. California Public Employees Retirement System grew its holdings in shares of Norwegian Cruise Line by 358.8% during the first quarter. California Public Employees Retirement System now owns 3,675,830 shares of the company’s stock valued at $68,738,000 after buying an additional 2,874,730 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Norwegian Cruise Line by 61.0% in the 1st quarter. Bank of America Corp DE now owns 2,566,087 shares of the company’s stock worth $47,986,000 after acquiring an additional 971,809 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Norwegian Cruise Line Company Profile

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.