Wells Fargo & Company Increases Norwegian Cruise Line (NYSE:NCLH) Price Target to $27.00

Norwegian Cruise Line (NYSE:NCLH) had its price target raised by stock analysts at Wells Fargo & Company from $21.00 to $27.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 8.52% from the company’s current price.

Several other analysts have also recently commented on NCLH. StockNews.com cut Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research report on Wednesday. Barclays upped their target price on shares of Norwegian Cruise Line from $21.00 to $26.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Tigress Financial reissued a “strong-buy” rating and issued a $32.00 price target on shares of Norwegian Cruise Line in a research note on Friday, August 9th. Stifel Nicolaus upped their price objective on shares of Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Finally, JPMorgan Chase & Co. raised their target price on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $25.80.

Norwegian Cruise Line Stock Down 1.8 %

Shares of NYSE NCLH opened at $24.88 on Friday. The firm has a market cap of $10.94 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 0.33 and a beta of 2.67. The company’s 50-day simple moving average is $20.86 and its 200-day simple moving average is $18.61. The company has a quick ratio of 0.22, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line has a 52-week low of $12.70 and a 52-week high of $26.73.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.05. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same period in the previous year, the firm posted $0.20 EPS. Norwegian Cruise Line’s revenue was up 7.6% compared to the same quarter last year. Equities analysts predict that Norwegian Cruise Line will post 1.38 EPS for the current fiscal year.

Institutional Trading of Norwegian Cruise Line

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Transcendent Capital Group LLC acquired a new stake in shares of Norwegian Cruise Line in the first quarter valued at $27,000. Sentry Investment Management LLC purchased a new position in Norwegian Cruise Line during the 2nd quarter valued at about $39,000. Blue Trust Inc. grew its position in Norwegian Cruise Line by 489.8% in the 3rd quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock valued at $41,000 after acquiring an additional 1,817 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in Norwegian Cruise Line during the first quarter worth about $61,000. Finally, Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Norwegian Cruise Line during the third quarter worth about $78,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

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.