NCLH investors were likely spooked this morning by Barrons's report: "Norwegian Cruise Line Misses Earnings Estimates. The Stock Is Falling. ..." For more coverage, read the full article here. On the back of this news, Norwegian Cruise Line sank -12.33% to a price of $14.46. Are the markets overreacting?
Norwegian Cruise Line Holdings Ltd., is a cruise company in North America, Europe, Asia-Pacific and internationally. The company belongs to the Energy & Transportation sector, which has an average price to earnings (P/E) ratio of None and an average price to book (P/B) ratio of None. In contrast, Norwegian Cruise Line has a trailing 12 month P/E ratio of -1.78 and a P/B ratio of 15.9.
Norwegian Cruise Line has moved -15.34% over the last year compared to -7.524395% for the S&P 500 -- a difference of -7.82%. Norwegian Cruise Line has a 52 week high of $23.43 and a 52 week low of $10.31. At today's price of $14.46 per share, Norwegian Cruise Line is -21.98% away from its target price of $18.54, and on average, analysts give the stock a rating of buy.