Norwegian Cruise Line Holdings receives average Hold recommendation
Brokerage ratings showed a Hold consensus, while the company’s quarterly earnings exceeded expectations and revenue came in just below estimates.
Twenty-three brokerages covering Norwegian Cruise Line Holdings gave the stock an average Hold recommendation. The total comprised one sell rating, fifteen hold ratings, five buy ratings and two strong buy ratings.
The average twelve-month price objective among analysts that updated their coverage of the stock during the past year was $20.35. Institutional investors owned 69.58% of the company’s stock.
Norwegian Cruise Line reported quarterly earnings of $0.48 per share, beating the consensus estimate of $0.41 by $0.07. Quarterly revenue was $2.64 billion, compared with a consensus estimate of $2.65 billion.
Norwegian Cruise Line Holdings operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. Through those brands, the company provides ocean cruise experiences to destinations around the world.