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

Norwegian Cruise Line (NYSE:NCLH) had its price objective upped by research analysts at Wells Fargo & Company from $27.00 to $28.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 23.06% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Barclays upgraded Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $28.00 to $32.00 in a research report on Friday, December 13th. Morgan Stanley increased their price target on Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 12th. Argus raised Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Monday, November 4th. StockNews.com raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Loop Capital assumed coverage on shares of Norwegian Cruise Line in a research note on Tuesday, February 4th. They set a “hold” rating and a $26.00 target price on the stock. 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 given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $29.06.

Norwegian Cruise Line Stock Performance

NYSE:NCLH traded down $0.97 during mid-day trading on Friday, hitting $22.75. The stock had a trading volume of 10,215,707 shares, compared to its average volume of 9,492,982. 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 company has a 50 day simple moving average of $26.38 and a 200-day simple moving average of $23.86. The stock has a market capitalization of $10.01 billion, a price-to-earnings ratio of 20.93, a P/E/G ratio of 0.24 and a beta of 2.64. Norwegian Cruise Line has a 52 week low of $14.69 and a 52 week high of $29.29.

Institutional Investors Weigh In On Norwegian Cruise Line

Several large investors have recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Norwegian Cruise Line during the fourth quarter valued at $2,392,000. Advisor Resource Council purchased a new stake in Norwegian Cruise Line during the fourth quarter valued at about $279,000. Integrated Advisors Network LLC purchased a new stake in Norwegian Cruise Line during the fourth quarter valued at about $717,000. Mackenzie Financial Corp boosted its holdings in shares of Norwegian Cruise Line by 136.9% in the fourth quarter. Mackenzie Financial Corp now owns 318,400 shares of the company’s stock worth $8,192,000 after buying an additional 183,970 shares during the period. Finally, Public Employees Retirement System of Ohio increased its position in shares of Norwegian Cruise Line by 48.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 230,447 shares of the company’s stock worth $5,929,000 after acquiring an additional 74,983 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

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.