Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) Receives Average Rating of “Hold” from Analysts

Shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) have been given an average rating of “Hold” by the twenty-three ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $29.56.

A number of research analysts have issued reports on NCLH shares. TheStreet lowered Norwegian Cruise Line from a “c-” rating to a “d+” rating in a research report on Wednesday, May 13th. BidaskClub lowered shares of Norwegian Cruise Line from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. Bank of America cut shares of Norwegian Cruise Line from a “buy” rating to a “neutral” rating and set a $18.00 target price on the stock. in a research note on Tuesday, March 17th. Redburn Partners reaffirmed a “neutral” rating on shares of Norwegian Cruise Line in a research note on Monday, June 22nd. Finally, Barclays lowered shares of Norwegian Cruise Line from an “overweight” rating to an “equal weight” rating and set a $21.00 price objective on the stock. in a research note on Wednesday.

A number of institutional investors and hedge funds have recently modified their holdings of NCLH. Steward Partners Investment Advisory LLC purchased a new stake in shares of Norwegian Cruise Line in the 1st quarter valued at approximately $30,000. Global Wealth Management Investment Advisory Inc. raised its stake in Norwegian Cruise Line by 1,330.0% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 2,860 shares of the company’s stock valued at $31,000 after purchasing an additional 2,660 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Norwegian Cruise Line by 427.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 5,386 shares of the company’s stock valued at $59,000 after purchasing an additional 4,364 shares during the period. AGF Investments Inc. purchased a new stake in shares of Norwegian Cruise Line in the first quarter valued at $85,000. Finally, Atlas Capital Advisors LLC boosted its position in shares of Norwegian Cruise Line by 1,050.8% in the first quarter. Atlas Capital Advisors LLC now owns 8,435 shares of the company’s stock worth $92,000 after buying an additional 7,702 shares during the period. 88.85% of the stock is currently owned by hedge funds and other institutional investors.

Norwegian Cruise Line stock traded down $0.80 during midday trading on Friday, reaching $15.28. 48,400,034 shares of the stock traded hands, compared to its average volume of 36,739,965. Norwegian Cruise Line has a fifty-two week low of $7.03 and a fifty-two week high of $59.78. The firm has a fifty day moving average price of $16.43 and a two-hundred day moving average price of $31.87.

Norwegian Cruise Line (NASDAQ:NCLH) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.99) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.50) by ($0.49). The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.28 billion.

Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. The Company had 25 ships with approximately 50,400 Berths, as of May 1, 2017. The Company’s brands offer itineraries to various destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii.

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Analyst Recommendations for Norwegian Cruise Line (NASDAQ:NCLH)

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