Norwegian Cruise Line (NYSE:NCLH) Stock Price Expected to Rise, Citigroup Analyst Says

Norwegian Cruise Line (NYSE:NCLH) had its price objective upped by analysts at Citigroup from $32.00 to $34.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price indicates a potential upside of 49.65% from the stock’s previous close.

Several other research firms have also recently weighed in on NCLH. Bank of America increased their price objective on Norwegian Cruise Line from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Wells Fargo & Company increased their target price on Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday. The Goldman Sachs Group set a $34.00 target price on Norwegian Cruise Line in a report on Thursday, January 23rd. Argus raised Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Finally, Mizuho raised their price objective on Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. One 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. Based on data from MarketBeat.com, Norwegian Cruise Line has a consensus rating of “Moderate Buy” and a consensus price target of $29.31.

Norwegian Cruise Line Stock Down 4.2 %

NYSE NCLH traded down $1.00 during trading on Friday, hitting $22.72. The stock had a trading volume of 15,611,835 shares, compared to its average volume of 9,645,470. The company has a market capitalization of $9.99 billion, a PE ratio of 20.82, a P/E/G ratio of 0.24 and a beta of 2.64. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. Norwegian Cruise Line has a 12 month low of $14.69 and a 12 month high of $29.29. The company’s 50-day moving average price is $26.38 and its two-hundred day moving average price is $23.86.

Institutional Trading of Norwegian Cruise Line

A number of hedge funds have recently made changes to their positions in the company. Capital International Investors raised its position in shares of Norwegian Cruise Line by 11.2% during the fourth quarter. Capital International Investors now owns 55,194,672 shares of the company’s stock worth $1,420,159,000 after acquiring an additional 5,557,951 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Norwegian Cruise Line by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company’s stock worth $1,371,596,000 after acquiring an additional 277,360 shares during the last quarter. State Street Corp raised its position in shares of Norwegian Cruise Line by 4.3% during the third quarter. State Street Corp now owns 15,241,984 shares of the company’s stock worth $312,613,000 after acquiring an additional 621,793 shares during the last quarter. Geode Capital Management LLC increased its holdings in Norwegian Cruise Line by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 10,793,268 shares of the company’s stock worth $277,399,000 after purchasing an additional 270,434 shares in the last quarter. Finally, Baillie Gifford & Co. bought a new stake in shares of Norwegian Cruise Line during the third quarter valued at approximately $179,146,000. 69.58% of the stock is owned by institutional investors and hedge funds.

About Norwegian Cruise Line

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.