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

Norwegian Cruise Line (NYSE:NCLH - Free Report) had its target price boosted by Wells Fargo & Company from $27.00 to $28.00 in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other research analysts also recently weighed in on the company. The Goldman Sachs Group set a $34.00 price target on Norwegian Cruise Line in a research note on Thursday, January 23rd. Mizuho increased 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 report on Friday, November 1st. JPMorgan Chase & Co. boosted their price target on shares of Norwegian Cruise Line from $29.00 to $30.00 and gave the company a "neutral" rating in a research report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a "hold" rating in a report on Friday, November 1st. Finally, Truist Financial boosted their target price on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the company a "buy" rating in a report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Norwegian Cruise Line currently has an average rating of "Moderate Buy" and an average price target of $29.31.

Norwegian Cruise Line Stock Performance

Norwegian Cruise Line stock traded down $0.89 during trading on Friday, hitting $21.06. The stock had a trading volume of 33,181,853 shares, compared to its average volume of 10,637,558. The stock's 50 day moving average is $26.22 and its two-hundred day moving average is $24.07. Norwegian Cruise Line has a 1 year low of $14.69 and a 1 year high of $29.29. The stock has a market cap of $9.26 billion, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 0.24 and a beta of 2.64. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35.

Institutional Investors Weigh In On Norwegian Cruise Line

Several hedge funds have recently bought and sold shares of NCLH. Avior Wealth Management LLC lifted its holdings in shares of Norwegian Cruise Line by 34.1% during the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company's stock worth $35,000 after acquiring an additional 429 shares during the last quarter. United Capital Financial Advisors LLC raised its position in Norwegian Cruise Line by 3.7% during the fourth quarter. United Capital Financial Advisors LLC now owns 13,928 shares of the company's stock valued at $358,000 after purchasing an additional 498 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in Norwegian Cruise Line by 2.1% during the third quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the company's stock worth $509,000 after purchasing an additional 500 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings 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 worth $944,000 after purchasing an additional 509 shares in the last quarter. Finally, Mount Lucas Management LP boosted its holdings 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 worth $452,000 after purchasing an additional 516 shares in the last quarter. 69.58% of the stock is currently 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.