Norwegian Cruise Line (NYSE:NCLH) Trading 1.2% Higher - Should You Buy?

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Get Free Report)'s share price was up 1.2% during trading on Monday . The stock traded as high as $20.88 and last traded at $20.64. Approximately 2,874,754 shares traded hands during trading, a decline of 76% from the average daily volume of 12,137,145 shares. The stock had previously closed at $20.40.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Tigress Financial reissued a "strong-buy" rating and set a $36.00 target price on shares of Norwegian Cruise Line in a research note on Tuesday, March 11th. Wells Fargo & Company lifted their target price on Norwegian Cruise Line from $27.00 to $28.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. Truist Financial lifted their price objective 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. Bank of America cut their price target on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Finally, The Goldman Sachs Group set a $34.00 price objective on Norwegian Cruise Line in a report on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $28.47.

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Norwegian Cruise Line Price Performance

The firm has a market capitalization of $8.42 billion, a price-to-earnings ratio of 17.56, a P/E/G ratio of 0.24 and a beta of 2.62. The company's 50 day moving average is $24.04 and its 200 day moving average is $24.31. 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 Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Prestige Wealth Management Group LLC increased its stake in Norwegian Cruise Line by 192.3% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company's stock worth $25,000 after acquiring an additional 800 shares during the period. Hopwood Financial Services Inc. acquired a new stake in shares of Norwegian Cruise Line during the 4th quarter worth $26,000. Stonebridge Financial Group LLC bought a new position in shares of Norwegian Cruise Line in the fourth quarter worth $27,000. Kestra Investment Management LLC acquired a new position in Norwegian Cruise Line in the fourth quarter valued at about $27,000. Finally, Rakuten Securities Inc. lifted its holdings in shares of Norwegian Cruise Line by 176.0% during the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock worth $30,000 after acquiring an additional 739 shares during the period. 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.