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

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seventeen analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $29.06.

Several equities analysts have issued reports on NCLH shares. StockNews.com upgraded shares of Norwegian Cruise Line from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th. Wells Fargo & Company raised their price target on Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an "equal weight" rating in a research note on Friday, November 1st. Truist Financial increased their price objective on Norwegian Cruise Line from $25.00 to $35.00 and gave the company a "buy" rating in a report on Monday, December 2nd. JPMorgan Chase & Co. upped their price target on shares of Norwegian Cruise Line from $29.00 to $30.00 and gave the company a "neutral" rating in a research report on Tuesday, December 17th. Finally, Morgan Stanley increased their price target on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an "underweight" rating in a research note on Tuesday, November 12th.

Norwegian Cruise Line Stock Up 0.1 %

NCLH stock traded up $0.03 during midday trading on Friday, reaching $26.36. 5,562,140 shares of the company were exchanged, compared to its average volume of 7,744,038. The stock's 50-day simple moving average is $26.56 and its 200 day simple moving average is $23.42. Norwegian Cruise Line has a 1-year low of $14.69 and a 1-year high of $29.29. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. The company has a market cap of $11.59 billion, a price-to-earnings ratio of 24.19, a price-to-earnings-growth ratio of 0.26 and a beta of 2.64.

Institutional Investors Weigh In On Norwegian Cruise Line

Several hedge funds have recently modified their holdings of the stock. Baillie Gifford & Co. bought a new stake in shares of Norwegian Cruise Line in the third quarter worth $179,146,000. Capital International Investors increased its stake in shares of Norwegian Cruise Line by 11.2% in the fourth quarter. Capital International Investors now owns 55,194,672 shares of the company's stock worth $1,420,159,000 after buying an additional 5,557,951 shares during the last quarter. Norges Bank bought a new stake in shares of Norwegian Cruise Line in the fourth quarter worth $113,156,000. Two Sigma Advisers LP increased its stake in shares of Norwegian Cruise Line by 99.0% in the fourth quarter. Two Sigma Advisers LP now owns 7,689,200 shares of the company's stock worth $197,843,000 after buying an additional 3,824,600 shares during the last quarter. Finally, Voloridge Investment Management LLC increased its stake in shares of Norwegian Cruise Line by 3,403.3% in the fourth quarter. Voloridge Investment Management LLC now owns 3,374,576 shares of the company's stock worth $86,828,000 after buying an additional 3,278,249 shares during the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

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.