Norwegian Cruise Line (NYSE:NCLH) Price Target Raised to $28.00

Norwegian Cruise Line (NYSE:NCLH) had its price objective upped by Wells Fargo & Company from $27.00 to $28.00 in a research report sent to investors on Friday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. Mizuho boosted their price objective on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted their price target on Norwegian Cruise Line from $29.00 to $30.00 and gave the company a “neutral” rating in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft raised their price objective on Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Argus upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Finally, UBS Group increased their price target on Norwegian Cruise Line from $19.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.31.

Norwegian Cruise Line Stock Down 4.2 %

Shares of NCLH opened at $22.72 on Friday. The firm has a fifty day moving average price of $26.30 and a 200-day moving average price of $24.03. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The firm has a market capitalization of $9.99 billion, a P/E ratio of 20.84, a P/E/G ratio of 0.24 and a beta of 2.64. Norwegian Cruise Line has a 12-month low of $14.69 and a 12-month high of $29.29.

Institutional Trading of Norwegian Cruise Line

Institutional investors have recently modified their holdings of the company. Prestige Wealth Management Group LLC raised its stake in shares of Norwegian Cruise Line by 192.3% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company’s stock worth $25,000 after acquiring an additional 800 shares in the last quarter. Hopwood Financial Services Inc. purchased a new position in Norwegian Cruise Line in the fourth quarter worth $26,000. Stonebridge Financial Group LLC acquired a new position in shares of Norwegian Cruise Line during the fourth quarter worth $27,000. Kestra Investment Management LLC purchased a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at $27,000. Finally, Rakuten Securities Inc. boosted its position in shares of Norwegian Cruise Line by 176.0% in the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock worth $30,000 after purchasing an additional 739 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors.

Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various ports, including Scandinavia, Northern Europe, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean.