Norwegian Cruise Line (NYSE:NCLH) Given New $34.00 Price Target at Citigroup

Norwegian Cruise Line (NYSE:NCLH - Free Report) had its price objective hoisted by Citigroup from $32.00 to $34.00 in a report released on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other analysts also recently weighed in on NCLH. JPMorgan Chase & Co. increased their price target on Norwegian Cruise Line from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday, December 17th. The Goldman Sachs Group set a $34.00 target price on Norwegian Cruise Line in a report on Thursday, January 23rd. Morgan Stanley boosted their price target on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the company an "underweight" rating in a research note on Tuesday, November 12th. Wells Fargo & Company raised their price objective on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the company an "equal weight" rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a "hold" rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.31.

Norwegian Cruise Line Trading Down 3.3 %

Shares of NYSE NCLH traded down $0.75 during midday trading on Friday, reaching $21.97. The stock had a trading volume of 17,120,755 shares, compared to its average volume of 10,071,707. Norwegian Cruise Line has a twelve month low of $14.69 and a twelve month 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. The company's 50 day moving average price is $26.30 and its 200 day moving average price is $24.03. The firm has a market cap of $9.66 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 0.24 and a beta of 2.64.

Institutional Trading of Norwegian Cruise Line

A number of institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. increased its position in shares of Norwegian Cruise Line by 489.8% during the 3rd quarter. Blue Trust Inc. now owns 2,188 shares of the company's stock valued at $41,000 after purchasing an additional 1,817 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings 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 buying an additional 500 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Norwegian Cruise Line by 71.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,275 shares of the company's stock worth $676,000 after buying an additional 13,453 shares during the last quarter. State of Alaska Department of Revenue raised its position in Norwegian Cruise Line by 10.7% in the third quarter. State of Alaska Department of Revenue now owns 51,094 shares of the company's stock worth $1,047,000 after acquiring an additional 4,935 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in Norwegian Cruise Line by 7.6% in the third quarter. Nisa Investment Advisors LLC now owns 95,389 shares of the company's stock valued at $1,956,000 after acquiring an additional 6,753 shares during the last quarter. 69.58% of the stock is owned by hedge funds and other 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.