Norwegian Cruise Line (NYSE:NCLH - Free Report) had its price objective increased 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.
A number of other equities analysts have also weighed in on NCLH. JPMorgan Chase & Co. increased their price target on Norwegian Cruise Line from $29.00 to $30.00 and gave the company a "neutral" rating in a research report on Tuesday, December 17th. Truist Financial raised their target price on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a "buy" rating in a report on Monday, December 2nd. Morgan Stanley lifted 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 report on Tuesday, November 12th. Tigress Financial upped their price target on shares of Norwegian Cruise Line from $32.00 to $36.00 and gave the company a "strong-buy" rating in a research report on Monday, November 11th. Finally, UBS Group lifted their price objective on shares of 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 analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $29.31.
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Norwegian Cruise Line Price Performance
Shares of NYSE:NCLH traded down $0.75 on Friday, reaching $21.97. 17,252,428 shares of the company traded hands, compared to its average volume of 10,079,163. The stock has a market capitalization of $9.66 billion, a PE ratio of 20.16, 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 current ratio of 0.20 and a quick ratio of 0.17. The company's 50 day moving average is $26.22 and its 200-day moving average is $24.07. Norwegian Cruise Line has a fifty-two week low of $14.69 and a fifty-two week high of $29.29.
Institutional Investors Weigh In On Norwegian Cruise Line
Several institutional investors have recently made changes to their positions in the company. Avior Wealth Management LLC raised its position in Norwegian Cruise Line by 34.1% during the third quarter. Avior Wealth Management LLC now owns 1,686 shares of the company's stock valued at $35,000 after acquiring an additional 429 shares in the last quarter. United Capital Financial Advisors LLC increased its stake in shares of Norwegian Cruise Line by 3.7% during the 4th quarter. United Capital Financial Advisors LLC now owns 13,928 shares of the company's stock worth $358,000 after purchasing an additional 498 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Norwegian Cruise Line by 2.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the company's stock valued at $509,000 after purchasing an additional 500 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Norwegian Cruise Line by 1.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company's stock valued at $944,000 after purchasing an additional 509 shares during the last quarter. Finally, Mount Lucas Management LP lifted its stake in shares of Norwegian Cruise Line by 2.4% in the 3rd quarter. Mount Lucas Management LP now owns 22,055 shares of the company's stock valued at $452,000 after purchasing an additional 516 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.
Norwegian Cruise Line Company Profile
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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.
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