Norwegian Cruise Line (NYSE:NCLH) Price Target Raised to $28.00 at Wells Fargo & Company

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

Several other research analysts also recently issued reports on NCLH. JPMorgan Chase & Co. upped their target price on shares of Norwegian Cruise Line from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 17th. Macquarie reiterated an “outperform” rating and issued a $30.00 target price on shares of Norwegian Cruise Line in a research note on Friday, January 17th. Mizuho upped their target price on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. The Goldman Sachs Group set a $34.00 target price on shares of Norwegian Cruise Line in a research note on Thursday, January 23rd. Finally, Morgan Stanley upped their target price on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Norwegian Cruise Line currently has an average rating of “Moderate Buy” and a consensus price target of $29.31.

Norwegian Cruise Line Trading Down 4.2 %

Shares of NYSE NCLH opened at $22.72 on Friday. The firm’s 50 day moving average price is $26.30 and its 200-day moving average price is $23.91. The company has a market cap of $9.99 billion, a PE ratio of 20.84, a P/E/G ratio of 0.24 and a beta of 2.64. Norwegian Cruise Line has a 52-week low of $14.69 and a 52-week high of $29.29. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20.

Institutional Trading of Norwegian Cruise Line

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Apollon Wealth Management LLC purchased a new stake in Norwegian Cruise Line during the fourth quarter valued at approximately $272,000. Zacks Investment Management purchased a new stake in Norwegian Cruise Line during the third quarter valued at approximately $3,821,000. Hodges Capital Management Inc. increased its holdings in Norwegian Cruise Line by 1.5% during the third quarter. Hodges Capital Management Inc. now owns 1,544,515 shares of the company’s stock valued at $31,678,000 after buying an additional 23,075 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Norwegian Cruise Line by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company’s stock worth $71,791,000 after purchasing an additional 94,178 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd increased its stake in shares of Norwegian Cruise Line by 1,104.7% in the third quarter. Y Intercept Hong Kong Ltd now owns 178,603 shares of the company’s stock worth $3,663,000 after purchasing an additional 163,777 shares in the last quarter. 69.58% of the stock is owned by hedge funds and other 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.