Norwegian Cruise Line Holdings receives average hold rating
A brokerage tally showed a mixed analyst outlook, alongside quarterly earnings above consensus and revenue just below estimates.
Twenty-three brokerages covering Norwegian Cruise Line Holdings gave the company an average hold rating. Of those, fifteen analysts recommended holding the stock, seven issued buy recommendations and one assigned a strong buy recommendation.
Among brokerages that issued reports on the stock during the past year, the average twelve-month target price was $21.15.
Norwegian Cruise Line reported quarterly earnings per share of $0.48, beating the consensus estimate of $0.41 by $0.07. Quarterly revenue reached $2.64 billion, compared with analysts’ estimate of $2.65 billion.
During the latest quarter, company insiders purchased 1,563,000 shares valued at $27,971,810. Institutional investors and hedge funds owned 69.58% of the stock.
Norwegian Cruise Line Holdings is a global cruise operator whose portfolio includes Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises.