Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Receives $29.06 Average PT from Analysts

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) has received an average rating of “Moderate Buy” from the seventeen ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $29.06.

Several brokerages have issued reports on NCLH. Tigress Financial lifted their target price on shares of Norwegian Cruise Line from $32.00 to $36.00 and gave the stock a “strong-buy” rating in a report on Monday, November 11th. The Goldman Sachs Group upgraded shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $29.00 to $35.00 in a report on Tuesday, December 10th. Wells Fargo & Company increased their target price on Norwegian Cruise Line from $21.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Morgan Stanley lifted their target price on Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an “underweight” rating in a report on Tuesday, November 12th. Finally, StockNews.com raised Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Thursday, November 7th.

Norwegian Cruise Line Price Performance

Shares of NYSE:NCLH opened at $25.70 on Friday. The business has a fifty day moving average price of $26.54 and a 200-day moving average price of $23.54. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The company has a market capitalization of $11.30 billion, a PE ratio of 23.57, a PEG ratio of 0.25 and a beta of 2.64. Norwegian Cruise Line has a 1-year low of $14.69 and a 1-year high of $29.29.

Institutional Investors Weigh In On Norwegian Cruise Line

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Mackenzie Financial Corp raised its stake in shares of Norwegian Cruise Line by 136.9% in the fourth quarter. Mackenzie Financial Corp now owns 318,400 shares of the company’s stock worth $8,192,000 after buying an additional 183,970 shares during the period. Public Employees Retirement System of Ohio raised its stake in Norwegian Cruise Line by 48.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 230,447 shares of the company’s stock worth $5,929,000 after acquiring an additional 74,983 shares during the period. Pinkerton Retirement Specialists LLC purchased a new position in Norwegian Cruise Line during the fourth quarter valued at approximately $974,000. Focus Partners Advisor Solutions LLC bought a new position in shares of Norwegian Cruise Line in the fourth quarter worth approximately $647,000. Finally, PharVision Advisers LLC purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter worth $258,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Norwegian Cruise Line Company Profile

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.