Norwegian Cruise Line (NYSE:NCLH) Price Target Raised to $34.00 at Citigroup

Norwegian Cruise Line (NYSE:NCLH) had its price objective increased by Citigroup from $32.00 to $34.00 in a report released on Friday,Benzinga reports. They currently have a buy rating on the stock.

NCLH has been the subject of several other reports. JPMorgan Chase & Co. upped their target price on shares of Norwegian Cruise Line from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, December 17th. Wells Fargo & Company upped their target price 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. Macquarie reiterated an “outperform” rating and set a $30.00 target price on shares of Norwegian Cruise Line in a research note on Friday, January 17th. Morgan Stanley upped 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, Bank of America upped their target price on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.31.

Norwegian Cruise Line Price Performance

Shares of Norwegian Cruise Line stock opened at $22.72 on Friday. The firm has a fifty day simple moving average of $26.30 and a 200-day simple moving average of $23.91. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line has a 1-year low of $14.69 and a 1-year high of $29.29. The stock has a market capitalization of $9.99 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 0.24 and a beta of 2.64.

Institutional Investors Weigh In On Norwegian Cruise Line

Large investors have recently made changes to their positions in the company. Apollon Wealth Management LLC bought a new stake in shares of Norwegian Cruise Line in the 4th quarter worth about $272,000. Zacks Investment Management bought a new stake in shares of Norwegian Cruise Line in the 3rd quarter worth about $3,821,000. Hodges Capital Management Inc. grew its holdings in shares of Norwegian Cruise Line by 1.5% in the 3rd quarter. Hodges Capital Management Inc. now owns 1,544,515 shares of the company’s stock worth $31,678,000 after purchasing an additional 23,075 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Norwegian Cruise Line by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company’s stock worth $71,791,000 after purchasing an additional 94,178 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd grew its holdings in shares of Norwegian Cruise Line by 1,104.7% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 178,603 shares of the company’s stock worth $3,663,000 after purchasing an additional 163,777 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

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.