Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Stock Has Consensus Target Price of $20.10 According to Analysts

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) have earned a consensus recommendation of “Hold” from the twenty-five research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $20.18.

Several research analysts recently weighed in on NCLH shares. Susquehanna dropped their target price on Norwegian Cruise Line from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 20th. BMO Capital Markets started coverage on Norwegian Cruise Line in a research note on Tuesday, July 7th. They set a “market perform” rating and a $21.00 price target on the stock. Deutsche Bank Aktiengesellschaft set a $17.00 price target on shares of Norwegian Cruise Line in a report on Friday, July 31st. Jefferies Financial Group boosted their price target on Norwegian Cruise Line from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Friday, July 17th. Finally, JPMorgan Chase & Co. downgraded Norwegian Cruise Line from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $13.00 to $11.00 in a report on Friday, October 23rd.

Norwegian Cruise Line Stock Down 3.0%

Shares of Norwegian Cruise Line stock opened at $17.40 on Friday. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 4.43. The company has a market cap of $7.99 billion, a P/E ratio of 9.62, a PEG ratio of 1.04 and a beta of 1.99. The firm’s 50 day moving average price is $15.41 and its 200-day moving average price is $18.69. Norwegian Cruise Line has a 52-week low of $13.63 and a 52-week high of $25.13.

Norwegian Cruise Line (NYSE:NCLH) last posted its earnings results on Thursday, October 29th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.19. The company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.88 billion. Norwegian Cruise Line had a net margin of 8.20% and a return on equity of 34.28%. Norwegian Cruise Line’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.20 earnings per share. On average, sell-side analysts predict that Norwegian Cruise Line will post 1.36 EPS for the current fiscal year.

Norwegian Cruise Line News Roundup

Here are the key news stories impacting Norwegian Cruise Line this week:

• Positive Sentiment: Freedom Broker upgraded NCLH from “hold” to “buy” and raised its target to $22 from $20. Other analysts also lifted targets after the company beat third-quarter earnings estimates, with improving bookings and cost savings cited as positives. Read More. · Read More.
• Positive Sentiment: Lower oil prices helped lift cruise stocks by easing pressure on a major operating expense, providing an industry-wide tailwind for NCLH. Read More.
• Neutral Sentiment: NCLH is scaling back included airfare as part of a cost-control and yield-management push. This could support margins, though the effect on the appeal of its bundled offers is uncertain. Read More.
• Neutral Sentiment: Meghan Montana, a former American Airlines treasurer and the company’s newly hired strategy chief, will become CFO, succeeding Mark Kempa after eight years. The finance leadership change brings relevant experience but requires a transition. Read More.
• Negative Sentiment: NCLH’s high leverage and very low current and quick ratios remain financial risks; the company’s stated focus on cost cuts and debt reduction underscores the importance of improving its balance sheet. Read More.

Institutional Trading of Norwegian Cruise Line

Several institutional investors and hedge funds have recently bought and sold shares of the business. Elliott Investment Management L.P. acquired a new stake in Norwegian Cruise Line during the first quarter worth about $246,578,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Norwegian Cruise Line during the 2nd quarter worth approximately $2,744,000. Bank of America Corp DE grew its stake in shares of Norwegian Cruise Line by 61.0% during the 1st quarter. Bank of America Corp DE now owns 2,566,087 shares of the company’s stock worth $47,986,000 after purchasing an additional 971,809 shares during the period. Mizuho Markets Americas LLC purchased a new position in shares of Norwegian Cruise Line during the 1st quarter valued at approximately $33,380,000. Finally, California Public Employees Retirement System boosted its holdings in 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 worth $68,738,000 after buying an additional 2,874,730 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

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.