Wells Fargo & Company Boosts Norwegian Cruise Line (NYSE:NCLH) Price Target to $28.00

Norwegian Cruise Line (NYSE:NCLH) had its price target upped by stock analysts at Wells Fargo & Company from $27.00 to $28.00 in a report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 23.24% from the stock’s current price.

Several other research analysts have also recently commented on NCLH. 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 report on Friday, November 1st. UBS Group raised their price objective on Norwegian Cruise Line from $19.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Argus upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Macquarie restated an “outperform” rating and issued a $30.00 price target on shares of Norwegian Cruise Line in a research note on Friday, January 17th. Finally, Loop Capital assumed coverage on Norwegian Cruise Line in a research note on Tuesday, February 4th. They set a “hold” rating and a $26.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.31.

Norwegian Cruise Line Stock Down 4.2 %

Shares of Norwegian Cruise Line stock opened at $22.72 on Friday. Norwegian Cruise Line has a 52-week low of $14.69 and a 52-week 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 business’s 50 day simple moving average is $26.30 and its 200 day simple moving average is $23.97. The firm has a market cap of $9.99 billion, a PE ratio of 20.84, a P/E/G ratio of 0.24 and a beta of 2.64.

Hedge Funds Weigh In On Norwegian Cruise Line

Large investors have recently made changes to their positions in the company. Prestige Wealth Management Group LLC grew its holdings in Norwegian Cruise Line by 192.3% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company’s stock valued at $25,000 after buying an additional 800 shares in the last quarter. Hopwood Financial Services Inc. acquired a new stake in shares of Norwegian Cruise Line during the fourth quarter worth $26,000. Stonebridge Financial Group LLC bought a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at about $27,000. Kestra Investment Management LLC acquired a new position in shares of Norwegian Cruise Line in the fourth quarter valued at about $27,000. Finally, Rakuten Securities Inc. increased its position in Norwegian Cruise Line by 176.0% during the fourth 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. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Company Profile

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.