Norwegian Cruise Line (NYSE:NCLH) Receives Strong-Buy Rating from Tigress Financial

Norwegian Cruise Line (NYSE:NCLH)‘s stock had its “strong-buy” rating reiterated by stock analysts at Tigress Financial in a research report issued on Tuesday,Benzinga reports. They presently have a $36.00 price objective on the stock. Tigress Financial’s price objective would indicate a potential upside of 90.50% from the stock’s previous close.

Several other analysts also recently issued reports on NCLH. Loop Capital initiated coverage on Norwegian Cruise Line in a report on Tuesday, February 4th. They set a “hold” rating and a $26.00 price objective on the stock. Wells Fargo & Company boosted their price target on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. The Goldman Sachs Group set a $34.00 price objective on shares of Norwegian Cruise Line in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Norwegian Cruise Line from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 17th. Finally, Macquarie increased their target price on Norwegian Cruise Line from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.19.

Norwegian Cruise Line Trading Up 0.8 %

Shares of Norwegian Cruise Line stock traded up $0.16 on Tuesday, reaching $18.90. 12,955,692 shares of the company were exchanged, compared to its average volume of 11,262,929. Norwegian Cruise Line has a fifty-two week low of $14.69 and a fifty-two week high of $29.29. The firm has a market capitalization of $8.31 billion, a price-to-earnings ratio of 17.26, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The stock has a fifty day moving average price of $25.62 and a 200-day moving average price of $24.21.

Hedge Funds Weigh In On Norwegian Cruise Line

A number of hedge funds have recently added to or reduced their stakes in the company. Capital International Investors grew its position in Norwegian Cruise Line by 11.2% in the fourth quarter. Capital International Investors now owns 55,194,672 shares of the company’s stock worth $1,420,159,000 after acquiring an additional 5,557,951 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Norwegian Cruise Line by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company’s stock worth $1,371,596,000 after purchasing an additional 277,360 shares in the last quarter. State Street Corp increased its position in Norwegian Cruise Line by 4.3% during the third quarter. State Street Corp now owns 15,241,984 shares of the company’s stock worth $312,613,000 after buying an additional 621,793 shares during the last quarter. Geode Capital Management LLC raised its holdings in Norwegian Cruise Line by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 10,793,268 shares of the company’s stock valued at $277,399,000 after buying an additional 270,434 shares in the last quarter. Finally, Baillie Gifford & Co. acquired a new stake in shares of Norwegian Cruise Line in the third quarter worth about $179,146,000. Institutional investors and hedge funds 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.