Norwegian Cruise Line’s (NCLH) “Strong-Buy” Rating Reiterated at Tigress Financial

Norwegian Cruise Line (NYSE:NCLH)‘s stock had its “strong-buy” rating reiterated by investment analysts at Tigress Financial in a note issued to investors on Tuesday,Benzinga reports. They presently have a $36.00 price target on the stock. Tigress Financial’s price target would suggest a potential upside of 89.52% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on NCLH. Loop Capital started coverage on Norwegian Cruise Line in a report on Tuesday, February 4th. They issued a “hold” rating and a $26.00 price target on the stock. Morgan Stanley upped their target price on Norwegian Cruise Line from $19.00 to $26.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. Wells Fargo & Company raised their price target on Norwegian Cruise Line from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. JPMorgan Chase & Co. boosted 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, Truist Financial raised their target price on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the company a “buy” rating in a report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Norwegian Cruise Line presently has an average rating of “Moderate Buy” and an average target price of $29.19.

Norwegian Cruise Line Stock Up 1.2 %

Norwegian Cruise Line stock opened at $19.00 on Tuesday. The stock’s 50 day moving average price is $25.35 and its 200 day moving average price is $24.18. Norwegian Cruise Line has a 1-year low of $14.69 and a 1-year high of $29.29. The company has a market cap of $8.36 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17.

Hedge Funds Weigh In On Norwegian Cruise Line

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hopwood Financial Services Inc. purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter worth approximately $26,000. Kestra Investment Management LLC acquired a new position in Norwegian Cruise Line in the 4th quarter valued at approximately $27,000. Stonebridge Financial Group LLC purchased a new stake in Norwegian Cruise Line in the 4th quarter worth approximately $27,000. Rakuten Securities Inc. lifted its position in Norwegian Cruise Line by 176.0% in the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock worth $30,000 after buying an additional 739 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at $31,000. Institutional investors and hedge funds 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.