Norwegian Cruise Line (NYSE:NCLH) Given New $28.00 Price Target at Wells Fargo & Company

Norwegian Cruise Line (NYSE:NCLH) had its price objective raised by equities researchers at Wells Fargo & Company from $27.00 to $28.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 23.24% from the company’s previous close.

A number of other research analysts have also recently issued reports on NCLH. StockNews.com raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Mizuho lifted their price target on Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. upped their price objective on Norwegian Cruise Line from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 17th. Morgan Stanley lifted their target price on Norwegian Cruise Line from $19.00 to $26.00 and gave the company an “underweight” rating in a research report on Tuesday, November 12th. Finally, Barclays raised shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $28.00 to $32.00 in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has issued 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 a consensus target price of $29.31.

Norwegian Cruise Line Trading Down 4.2 %

Shares of Norwegian Cruise Line stock opened at $22.72 on Friday. The firm’s 50-day moving average price is $26.30 and its two-hundred day moving average price is $23.97. The company 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. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line has a 12-month low of $14.69 and a 12-month high of $29.29.

Institutional Trading of Norwegian Cruise Line

A number of institutional investors and hedge funds have recently bought and sold shares of NCLH. Apollon Wealth Management LLC acquired a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at about $272,000. Zacks Investment Management purchased a new position in shares of Norwegian Cruise Line in the 3rd quarter worth about $3,821,000. Hodges Capital Management Inc. grew its position in Norwegian Cruise Line by 1.5% during the third quarter. Hodges Capital Management Inc. now owns 1,544,515 shares of the company’s stock valued at $31,678,000 after buying an additional 23,075 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Norwegian Cruise Line by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company’s stock worth $71,791,000 after buying an additional 94,178 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd raised its position in Norwegian Cruise Line by 1,104.7% in the third quarter. Y Intercept Hong Kong Ltd now owns 178,603 shares of the company’s stock worth $3,663,000 after acquiring an additional 163,777 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

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.