Analysts Set Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Price Target at $29.19

Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) have earned an average recommendation of “Moderate Buy” from the seventeen brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $29.19.

NCLH has been the subject of several recent analyst reports. Barclays raised shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $28.00 to $32.00 in a report on Friday, December 13th. Truist Financial boosted 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. Loop Capital began coverage on shares of Norwegian Cruise Line in a report on Tuesday, February 4th. They set a “hold” rating and a $26.00 price objective for the company. JPMorgan Chase & Co. raised shares of Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 price objective for the company in a report on Monday. Finally, Tigress Financial reissued a “strong-buy” rating and set a $36.00 price objective on shares of Norwegian Cruise Line in a report on Tuesday, March 11th.

Norwegian Cruise Line Stock Up 4.4 %

Shares of Norwegian Cruise Line stock opened at $20.03 on Tuesday. 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 stock has a market capitalization of $8.81 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62. Norwegian Cruise Line has a 52-week low of $14.69 and a 52-week high of $29.29. The company has a 50-day simple moving average of $24.97 and a two-hundred day simple moving average of $24.25.

Institutional Trading of Norwegian Cruise Line

Hedge funds and other institutional investors have recently modified their holdings of the company. Hopwood Financial Services Inc. purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter worth $26,000. Kestra Investment Management LLC purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter worth $27,000. Stonebridge Financial Group LLC purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter worth $27,000. Rakuten Securities Inc. grew its stake in Norwegian Cruise Line by 176.0% during the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock valued at $30,000 after acquiring an additional 739 shares in the last quarter. Finally, R Squared Ltd purchased a new position in Norwegian Cruise Line during the fourth quarter valued at $31,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

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.