Goldman slashes price target on Norwegian Cruise Line Holdings Ltd. [NCLH] – find out why.

Norwegian Cruise Line Holdings Ltd. [NYSE: NCLH] price surged by 2.79 percent to reach at $0.81. The company report on April 22, 2021 that Norwegian Cruise Line Holdings Ltd. Celebrates 2021 Earth Day.

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Company’s Newly Developed Pier at Ward Cove, Alaska Receives Prestigious 2021 AGC Build America Merit Award in the Environmental Enhancement Category.

Norwegian Cruise Line Holdings Ltd. (“Norwegian” or “the Company”) (NYSE: NCLH), a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands, celebrates Earth Day worldwide and rallies behind this year’s Restore our Earth™ theme. The Company is also pleased to announce it has been recognized for its efforts to “Restore our Earth” with a prestigious 2021 Associated General Contractors Construction Risk Partners Build America Merit Award for Environmental Enhancement for the construction of its newly developed double ship pier at Ward Cove, Ketchikan, Alaska. The Company and Ward Cove Dock Group, LLC (“WCDG”) joined together to transform Ward Cove, a superfund site, into a sustainable, environmentally friendly and entertaining site for the community and cruise visitors.

A sum of 15325689 shares traded at recent session while its average daily volume was at 22.70M shares. Norwegian Cruise Line Holdings Ltd. shares reached a high of $30.02 and dropped to a low of $28.7701 until finishing in the latest session at $29.81.

The one-year NCLH stock forecast points to a potential upside of 4.39. The average equity rating for NCLH stock is currently 2.40, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Norwegian Cruise Line Holdings Ltd. [NCLH]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NCLH shares is $31.18 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NCLH stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for Norwegian Cruise Line Holdings Ltd. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 21, 2021. The new note on the price target was released on March 02, 2021, representing the official price target for Norwegian Cruise Line Holdings Ltd. stock. Previously, the target price had yet another raise to $22, while Berenberg analysts kept a Hold rating on NCLH stock.

The Average True Range (ATR) for Norwegian Cruise Line Holdings Ltd. is set at 1.62, with the Price to Sales ratio for NCLH stock in the period of the last 12 months amounting to 8.38. The Price to Book ratio for the last quarter was 2.01, with the Price to Cash per share for the same quarter was set at 9.17.

NCLH Stock Performance Analysis:

Norwegian Cruise Line Holdings Ltd. [NCLH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.26. With this latest performance, NCLH shares gained by 17.78% in over the last four-week period, additionally plugging by 75.46% over the last 6 months – not to mention a rise of 159.90% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NCLH stock in for the last two-week period is set at 54.61, with the RSI for the last a single of trading hit 56.65, and the three-weeks RSI is set at 53.99 for Norwegian Cruise Line Holdings Ltd. [NCLH]. The present Moving Average for the last 50 days of trading for this stock 28.72, while it was recorded at 28.61 for the last single week of trading, and 21.80 for the last 200 days.

Insight into Norwegian Cruise Line Holdings Ltd. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Norwegian Cruise Line Holdings Ltd. [NCLH] shares currently have an operating margin of -142.66 and a Gross Margin at -84.43. Norwegian Cruise Line Holdings Ltd.’s Net Margin is presently recorded at -313.50.

Return on Total Capital for NCLH is now -12.20, given the latest momentum, and Return on Invested Capital for the company is -27.67. Return on Equity for this stock declined to -73.83, with Return on Assets sitting at -22.87. When it comes to the capital structure of this company, Norwegian Cruise Line Holdings Ltd. [NCLH] has a Total Debt to Total Equity ratio set at 275.81. Additionally, NCLH Total Debt to Total Capital is recorded at 73.39, with Total Debt to Total Assets ending up at 65.27. Long-Term Debt to Equity for the company is recorded at 272.54, with the Long-Term Debt to Total Capital now at 72.52.

Reflecting on the efficiency of the workforce at the company, Norwegian Cruise Line Holdings Ltd. [NCLH] managed to generate an average of -$116,983 per employee. Receivables Turnover for the company is 26.75 with a Total Asset Turnover recorded at a value of 0.07.Norwegian Cruise Line Holdings Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 1.90.

NCLH Stock EPS

With the latest financial reports released by the company, Norwegian Cruise Line Holdings Ltd. posted -0.99/share EPS, while the average EPS was predicted by analysts to be reported at -0.5/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -98.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NCLH.

Norwegian Cruise Line Holdings Ltd. [NCLH] Insider Position Details

There are presently around $5,161 million, or 48.80% of NCLH stock, in the hands of institutional investors. The top three institutional holders of NCLH stocks are: VANGUARD GROUP INC with ownership of 32,488,699, which is approximately 13.084% of the company’s market cap and around 0.70% of the total institutional ownership; BLACKROCK INC., holding 17,175,194 shares of the stock with an approximate value of $511.99 million in NCLH stocks shares; and FMR LLC, currently with $304.74 million in NCLH stock with ownership of nearly 17159.712% of the company’s market capitalization.

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Positions in Norwegian Cruise Line Holdings Ltd. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 349 institutional holders increased their position in Norwegian Cruise Line Holdings Ltd. [NYSE:NCLH] by around 53,587,057 shares. Additionally, 151 investors decreased positions by around 21,929,269 shares, while 57 investors held positions by with 97,612,672 shares. The mentioned changes placed institutional holdings at 173,128,998 shares, according to the latest SEC report filing. NCLH stock had 165 new institutional investments in for a total of 17,470,968 shares, while 49 institutional investors sold positions of 5,368,933 shares during the same period.

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