Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Receives Average Rating of "Moderate Buy" from Brokerages

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Get Free Report) has received an average rating of "Moderate Buy" from the nineteen brokerages that are currently covering the stock, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $28.28.

Several research firms have recently weighed in on NCLH. Macquarie raised their price objective on Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an "outperform" rating in a research note on Thursday, March 6th. Tigress Financial reissued a "strong-buy" rating and issued a $36.00 price target on shares of Norwegian Cruise Line in a research note on Tuesday, March 11th. Jefferies Financial Group initiated coverage on shares of Norwegian Cruise Line in a research note on Monday, March 31st. They set a "buy" rating and a $25.00 price objective for the company. BNP Paribas assumed coverage on shares of Norwegian Cruise Line in a research report on Thursday, March 27th. They issued a "neutral" rating and a $21.00 target price on the stock. Finally, Wells Fargo & Company boosted their price target on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the company an "equal weight" rating in a report on Friday, February 28th.

Norwegian Cruise Line Price Performance

NCLH stock traded up $2.93 on Friday, hitting $18.47. 30,218,075 shares of the company's stock traded hands, compared to its average volume of 12,592,736. The stock has a market cap of $8.12 billion, a price-to-earnings ratio of 16.94, a P/E/G ratio of 0.24 and a beta of 2.27. Norwegian Cruise Line has a 1-year low of $14.21 and a 1-year high of $29.29. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The stock has a fifty day moving average of $21.87 and a 200-day moving average of $24.16.

Institutional Investors Weigh In On Norwegian Cruise Line

Several hedge funds have recently made changes to their positions in NCLH. Capital International Investors raised its holdings in Norwegian Cruise Line by 11.2% in the 4th quarter. Capital International Investors now owns 55,194,672 shares of the company's stock valued at $1,420,159,000 after acquiring an additional 5,557,951 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Norwegian Cruise Line by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company's stock valued at $1,371,596,000 after purchasing an additional 277,360 shares in the last quarter. State Street Corp lifted its position in Norwegian Cruise Line by 4.3% in the third quarter. State Street Corp now owns 15,241,984 shares of the company's stock worth $312,613,000 after purchasing an additional 621,793 shares during the period. Geode Capital Management LLC boosted its stake in Norwegian Cruise Line by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 10,793,268 shares of the company's stock worth $277,399,000 after buying an additional 270,434 shares in the last quarter. Finally, Two Sigma Advisers LP increased its holdings in Norwegian Cruise Line by 99.0% in the 4th quarter. Two Sigma Advisers LP now owns 7,689,200 shares of the company's stock valued at $197,843,000 after buying an additional 3,824,600 shares during the period. Institutional investors own 69.58% of the company's stock.

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.