Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

According to Zacks, “Norwegian Cruise Line is a cruise line operator. It offers cruise itineraries in various locations, including destinations in the Caribbean, Bermuda, the Bahamas, Mexico, Alaska, Europe, Hawaii, New England, Central America, North Africa, and Scandinavia. The company markets its services primarily through retail/travel agents. Norwegian Cruise Line is headquartered in Miami, Florida. “

Several other brokerages have also recently weighed in on NCLH. Goldman Sachs Group, Inc. (The) assumed coverage on Norwegian Cruise Line Holdings in a report on Thursday, December 15th. They set a “neutral” rating and a $47.00 target price on the stock. Morgan Stanley assumed coverage on shares of Norwegian Cruise Line Holdings in a research report on Tuesday, December 13th. They set an “equal weight” rating and a $44.00 price target on the stock. Sanford C. Bernstein lowered shares of Norwegian Cruise Line Holdings from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $45.00 to $43.00 in a research report on Tuesday, November 22nd. They noted that the move was a valuation call. Wells Fargo & Company reaffirmed a “buy” rating on shares of Norwegian Cruise Line Holdings in a research report on Monday, November 14th. Finally, Wedbush reaffirmed a “neutral” rating and set a $42.00 price target (down previously from $45.00) on shares of Norwegian Cruise Line Holdings in a research report on Friday, November 11th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $50.41.

Analyst Recommendations for Norwegian Cruise Line Holdings (NASDAQ:NCLH)

This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/02/17/norwegian-cruise-line-holdings-ltd-nclh-rating-lowered-to-hold-at-zacks-investment-research.html

Shares of Norwegian Cruise Line Holdings (NASDAQ:NCLH) opened at 47.63 on Friday. The company has a market cap of $10.82 billion, a PE ratio of 18.14 and a beta of 1.16. The firm’s 50-day moving average price is $46.38 and its 200 day moving average price is $40.71. Norwegian Cruise Line Holdings has a 12 month low of $34.16 and a 12 month high of $55.59.

“Norwegian Cruise Line Holdings Ltd. (NCLH) Rating Lowered to Hold at Zacks Investment Research” was first reported by American Banking News and is the property of of American Banking News. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US and international trademark and copyright legislation. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/02/17/norwegian-cruise-line-holdings-ltd-nclh-rating-lowered-to-hold-at-zacks-investment-research.html.

Hedge funds have recently made changes to their positions in the stock. Bessemer Group Inc. raised its stake in shares of Norwegian Cruise Line Holdings by 0.8% in the fourth quarter. Bessemer Group Inc. now owns 7,427 shares of the company’s stock worth $316,000 after buying an additional 61 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of Norwegian Cruise Line Holdings by 0.5% in the third quarter. Hsbc Holdings PLC now owns 32,931 shares of the company’s stock worth $1,241,000 after buying an additional 169 shares during the last quarter. Suntrust Banks Inc. raised its stake in shares of Norwegian Cruise Line Holdings by 2.2% in the third quarter. Suntrust Banks Inc. now owns 9,847 shares of the company’s stock worth $370,000 after buying an additional 212 shares during the last quarter. AMP Capital Investors Ltd raised its stake in shares of Norwegian Cruise Line Holdings by 0.7% in the third quarter. AMP Capital Investors Ltd now owns 42,770 shares of the company’s stock worth $1,589,000 after buying an additional 300 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its stake in shares of Norwegian Cruise Line Holdings by 2.7% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 12,601 shares of the company’s stock worth $536,000 after buying an additional 328 shares during the last quarter. 87.57% of the stock is currently owned by institutional investors.

Norwegian Cruise Line Holdings Company Profile

Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. Its brands offer itineraries to over 510 destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii with a combined fleet of approximately 20 ships with over 45,000 Berths.

5 Day Chart for NASDAQ:NCLH

Get a free copy of the Zacks research report on Norwegian Cruise Line Holdings (NCLH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Norwegian Cruise Line Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwegian Cruise Line Holdings Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.