Norwegian Cruise Line (NYSE:NCLH) Stock Price Up 1.5% – Should You Buy?

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) rose 1.5% on Friday . The stock traded as high as $20.18 and last traded at $20.39. Approximately 5,301,254 shares changed hands during trading, a decline of 56% from the average daily volume of 12,086,623 shares. The stock had previously closed at $20.09.

Analysts Set New Price Targets

NCLH has been the topic of several recent analyst reports. Citigroup lifted their target price on Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Tigress Financial restated a “strong-buy” rating and issued a $36.00 price target on shares of Norwegian Cruise Line in a report on Tuesday, March 11th. Wells Fargo & Company boosted their price target on Norwegian Cruise Line from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Barclays upgraded Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $28.00 to $32.00 in a research note on Friday, December 13th. Finally, The Goldman Sachs Group set a $34.00 price target on shares of Norwegian Cruise Line in a research note on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Norwegian Cruise Line has an average rating of “Moderate Buy” and an average target price of $28.94.

Norwegian Cruise Line Price Performance

The business has a fifty day moving average of $24.49 and a two-hundred day moving average of $24.27. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. The firm has a market capitalization of $8.99 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62.

Hedge Funds Weigh In On Norwegian Cruise Line

Several large investors have recently modified their holdings of NCLH. Apollon Wealth Management LLC bought a new position in Norwegian Cruise Line in the 4th quarter valued at about $272,000. Cookson Peirce & Co. Inc. bought a new position in shares of Norwegian Cruise Line during the fourth quarter worth approximately $654,000. Zacks Investment Management bought a new position in shares of Norwegian Cruise Line during the third quarter worth approximately $3,821,000. Hodges Capital Management Inc. boosted its stake in Norwegian Cruise Line by 1.5% in the 3rd quarter. Hodges Capital Management Inc. now owns 1,544,515 shares of the company’s stock valued at $31,678,000 after purchasing an additional 23,075 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Norwegian Cruise Line by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company’s stock valued at $71,791,000 after buying an additional 94,178 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

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.