Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) have earned a consensus recommendation of “Moderate Buy” from the nineteen research firms that are covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $28.28.

A number of equities analysts have recently commented on NCLH shares. JPMorgan Chase & Co. raised shares of Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 price target on the stock in a report on Monday, March 17th. Citigroup raised their price target on Norwegian Cruise Line from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Tigress Financial reiterated a “strong-buy” rating and issued a $36.00 price objective on shares of Norwegian Cruise Line in a report on Tuesday, March 11th. Wells Fargo & Company raised their price objective on Norwegian Cruise Line from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Finally, Macquarie upped their target price 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.

Norwegian Cruise Line Stock Down 3.9 %

NCLH stock opened at $15.67 on Friday. The company’s 50 day moving average is $23.01 and its 200 day moving average is $24.28. The stock has a market cap of $6.89 billion, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 0.24 and a beta of 2.27. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line has a 1-year low of $14.50 and a 1-year high of $29.29.

Hedge Funds Weigh In On Norwegian Cruise Line

Hedge funds and other institutional investors have recently modified their holdings of the company. United Capital Financial Advisors LLC raised its holdings in shares of Norwegian Cruise Line by 3.7% during the fourth quarter. United Capital Financial Advisors LLC now owns 13,928 shares of the company’s stock valued at $358,000 after acquiring an additional 498 shares in the last quarter. Scotia Capital Inc. increased its position in Norwegian Cruise Line by 0.5% during the 4th quarter. Scotia Capital Inc. now owns 113,778 shares of the company’s stock valued at $2,928,000 after purchasing an additional 540 shares during the period. Quadrant Capital Group LLC raised its holdings in Norwegian Cruise Line by 35.0% in the 4th quarter. Quadrant Capital Group LLC now owns 2,524 shares of the company’s stock worth $65,000 after purchasing an additional 654 shares in the last quarter. Rakuten Securities Inc. lifted its position in shares of Norwegian Cruise Line by 176.0% in the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock worth $30,000 after purchasing an additional 739 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in shares of Norwegian Cruise Line by 29.3% in the 4th quarter. Farther Finance Advisors LLC now owns 3,327 shares of the company’s stock worth $86,000 after purchasing an additional 754 shares during the period. 69.58% of the stock is owned by 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.