Norwegian Cruise Line (NYSE:NCLH) Stock Price Expected to Rise, Citigroup Analyst Says

Norwegian Cruise Line (NYSE:NCLH) had its target price raised by Citigroup from $32.00 to $34.00 in a research note published on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also commented on NCLH. Macquarie reissued an “outperform” rating and set a $30.00 price objective on shares of Norwegian Cruise Line in a report on Friday, January 17th. Tigress Financial increased their price objective on shares of Norwegian Cruise Line from $32.00 to $36.00 and gave the stock a “strong-buy” rating in a report on Monday, November 11th. UBS Group raised their target price on shares of Norwegian Cruise Line from $19.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Morgan Stanley raised their target price 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. Finally, StockNews.com raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $29.31.

Norwegian Cruise Line Stock Down 4.2 %

Shares of NYSE:NCLH opened at $22.72 on Friday. Norwegian Cruise Line has a 12 month low of $14.69 and a 12 month high of $29.29. The company’s 50-day moving average price is $26.30 and its two-hundred day moving average price is $23.91. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The firm has a market cap of $9.99 billion, a P/E ratio of 20.84, a P/E/G ratio of 0.24 and a beta of 2.64.

Institutional Trading of Norwegian Cruise Line

Hedge funds have recently modified their holdings of the company. Prestige Wealth Management Group LLC raised its position in shares of 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 acquiring an additional 800 shares during the period. Hopwood Financial Services Inc. acquired a new stake in shares of Norwegian Cruise Line in the 4th quarter valued at approximately $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of Norwegian Cruise Line in the 4th quarter valued at approximately $27,000. Kestra Investment Management LLC acquired a new stake in shares of Norwegian Cruise Line in the 4th quarter valued at approximately $27,000. Finally, Rakuten Securities Inc. raised its holdings in 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 buying an additional 739 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

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.