Norwegian Cruise Line Holdings Draws Consensus Hold Recommendation
Research firms maintained a mixed view of the cruise company, while quarterly earnings exceeded the analyst consensus and revenue fell slightly short.
Norwegian Cruise Line Holdings received a consensus hold recommendation from twenty-three research firms covering the company. The group comprised one sell rating, fifteen hold ratings, five buy ratings and two strong-buy ratings.
Among brokerages that issued reports on the stock during the preceding year, the average twelve-month price target was $20.95. The shares opened at $14.84, while the company’s one-year low was $14.45 and its one-year high was $27.18.
Norwegian reported quarterly earnings per share of $0.48, compared with the analyst consensus estimate of $0.41. Quarterly revenue was $2.64 billion, narrowly below the consensus estimate of $2.65 billion.
Institutional investors and hedge funds owned 69.58% of Norwegian Cruise Line Holdings stock, according to the reported ownership data. The company operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises.