Norwegian Cruise Line (NYSE:NCLH) Trading Up 1.2% – Still a Buy?

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) shares rose 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 were traded during mid-day trading, a decline of 76% from the average daily volume of 12,137,145 shares. The stock had previously closed at $20.40.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Morgan Stanley upgraded Norwegian Cruise Line from an “underweight” rating to an “equal weight” rating and reduced their price target for the stock from $27.00 to $22.00 in a research report on Friday, March 21st. JPMorgan Chase & Co. upgraded shares of Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 target price for the company in a research report on Monday, March 17th. Tigress Financial restated a “strong-buy” rating and set a $36.00 price target on shares of Norwegian Cruise Line in a research report on Tuesday, March 11th. Truist Financial upped their price target on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Finally, Bank of America lowered their price objective on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.94.

Norwegian Cruise Line Stock Performance

The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The firm has a market capitalization of $9.00 billion, a PE ratio of 18.77, a P/E/G ratio of 0.24 and a beta of 2.62. The firm has a fifty day moving average price of $24.28 and a 200 day moving average price of $24.37.

Institutional Trading of Norwegian Cruise Line

A number of hedge funds have recently bought and sold shares of the company. Hopwood Financial Services Inc. acquired a new stake in shares of Norwegian Cruise Line during the fourth quarter valued at approximately $26,000. Kestra Investment Management LLC acquired a new stake in Norwegian Cruise Line during the 4th quarter valued at $27,000. Stonebridge Financial Group LLC purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at $27,000. Rakuten Securities Inc. lifted its holdings in shares of Norwegian Cruise Line by 176.0% in the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock valued at $30,000 after purchasing an additional 739 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Norwegian Cruise Line in the fourth quarter worth $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.