Norwegian Cruise Line (NYSE:NCLH) Shares Gap Up – What’s Next?

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) shares gapped up prior to trading on Monday . The stock had previously closed at $24.11, but opened at $24.79. Norwegian Cruise Line shares last traded at $24.51, with a volume of 3,204,291 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have recently commented on NCLH. UBS Group upped their price target on Norwegian Cruise Line from $19.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Wells Fargo & Company boosted their target price on shares of Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Macquarie restated an “outperform” rating and issued a $30.00 price target on shares of Norwegian Cruise Line in a research report on Friday, January 17th. The Goldman Sachs Group set a $34.00 price objective on shares of Norwegian Cruise Line in a research report on Thursday, January 23rd. Finally, Bank of America increased their target price on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

Norwegian Cruise Line Stock Up 1.6 %

The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The business has a 50-day simple moving average of $26.42 and a two-hundred day simple moving average of $23.85. The stock has a market capitalization of $10.99 billion, a P/E ratio of 22.95, a PEG ratio of 0.24 and a beta of 2.64.

Institutional Investors Weigh In On Norwegian Cruise Line

Large investors have recently made changes to their positions in the company. Prestige Wealth Management Group LLC boosted its position in Norwegian Cruise Line by 192.3% in the third quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company’s stock valued at $25,000 after buying an additional 800 shares in the last quarter. Hopwood Financial Services Inc. bought a new position in shares of Norwegian Cruise Line in the fourth quarter valued at approximately $26,000. Stonebridge Financial Group LLC acquired a new position in shares of Norwegian Cruise Line in the 4th quarter worth approximately $27,000. Kestra Investment Management LLC acquired a new stake in Norwegian Cruise Line during the 4th quarter valued at $27,000. Finally, Rakuten Securities Inc. raised 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 valued at $30,000 after purchasing an additional 739 shares during the last quarter. 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.