Brokerages Set Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Price Target at $22.17

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Get Free Report) have received a consensus recommendation of “Hold” from the fifteen brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $22.17.

NCLH has been the subject of a number of analyst research reports. JPMorgan Chase & Co. boosted their price target on Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday. Morgan Stanley boosted their price objective on shares of Norwegian Cruise Line from $16.50 to $17.50 and gave the company an “underweight” rating in a report on Wednesday, August 7th. Truist Financial upgraded shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating and upped their target price for the stock from $20.00 to $21.00 in a research note on Wednesday , May 29. Tigress Financial restated a “strong-buy” rating and set a $32.00 target price on shares of Norwegian Cruise Line in a research note on Friday, August 9th. Finally, Mizuho raised shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and upped their target price for the stock from $21.00 to $24.00 in a report Tuesday, May 28.

Read our latest research report on NCLH

Norwegian Cruise Line trading up 1.9%

NYSE NCLH opened at $20.21 on Tuesday. Norwegian Cruise Line has a 52-week low of $12.70 and a 52-week high of $21.73. The company has a 50-day moving average price of $17.77 and a 200-day moving average price of $17.99. The company has a quick ratio of 0.22, a current ratio of 0.24, and a debt-to-equity ratio of 17.19. The firm has a market cap of $8.67 billion, a PE ratio of 28.87, a price-to-earnings-growth ratio of 0.27 and a beta of 2.70.

Norwegian Cruise Line (NYSE:NCLH – Get Your Free Report ) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. Norwegian Cruise Line had a return on equity of 105.44% and a net margin of 4.62%. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.38 billion. During the same period last year, the firm posted earnings of $0.20 per share. The company’s quarterly revenue was up 7.6% year over year. As a group, sell-side analysts predict that Norwegian Cruise Line will post 1.37 EPS for the current fiscal year.

Hedge funds intervene in Norwegian cruise line

Institutional investors have recently modified their holdings of the stock. Capital Research Global Investors raised its position in shares of Norwegian Cruise Line by 87.8% in the fourth quarter. Capital Research Global Investors now owns 57,049,928 shares of the company’s stock worth $1,143,285,000 after acquiring an additional 26,676,150 shares during the period. Vanguard Group Inc. raised its holdings in Norwegian Cruise Line by 0.7% in the first quarter. Vanguard Group Inc. now owns 49,539,911 shares of the company’s stock worth $1,036,870,000 after buying an additional 324,287 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Norwegian Cruise Line by 120.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock worth $470,889,000 after purchasing an additional 12,313,426 shares during the last quarter. Capital International Investors boosted its holdings in Norwegian Cruise Line by 0.5% in the first quarter. Capital International Investors now owns 20,216,746 shares of the company’s stock valued at $423,136,000 after buying an additional 102,948 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Norwegian Cruise Line by 32.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock valued at $85,835,000 after purchasing an additional 1,129,770 shares during the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s shares.

Norwegian Cruise Line Company Profile

(Get a free report

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, Asia-Pacific and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. It offers itineraries from three days to 180 days, calling at various ports including Scandinavia, Northern Europe, the Mediterranean, the Greek Islands, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and the New England. Zealand, Africa, India, South America, Panama Canal and the Caribbean.

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