Norwegian Cruise Line (NYSE:NCLH) Earns “Strong-Buy” Rating from Tigress Financial

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

NCLH has been the topic of several other reports. The Goldman Sachs Group set a $34.00 target price on Norwegian Cruise Line in a research report on Thursday, January 23rd. Loop Capital assumed coverage on Norwegian Cruise Line in a research note on Tuesday, February 4th. They issued a “hold” rating and a $26.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on Norwegian Cruise Line from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, December 17th. Wells Fargo & Company raised their target price on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Finally, Truist Financial upped their price target on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. One equities 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.19.

Norwegian Cruise Line Stock Up 1.2 %

Shares of Norwegian Cruise Line stock opened at $19.00 on Tuesday. Norwegian Cruise Line has a twelve month low of $14.69 and a twelve month high of $29.29. 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 company’s 50 day moving average is $25.35 and its 200 day moving average is $24.18. The company has a market cap of $8.36 billion, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Baillie Gifford & Co. acquired a new stake in Norwegian Cruise Line during the 3rd quarter worth $179,146,000. Capital International Investors raised its holdings in shares of Norwegian Cruise Line by 11.2% in the fourth quarter. Capital International Investors now owns 55,194,672 shares of the company’s stock valued at $1,420,159,000 after buying an additional 5,557,951 shares during the last quarter. Norges Bank acquired a new stake in shares of Norwegian Cruise Line during the fourth quarter worth about $113,156,000. Two Sigma Advisers LP grew its holdings in shares of Norwegian Cruise Line by 99.0% during the fourth quarter. Two Sigma Advisers LP now owns 7,689,200 shares of the company’s stock worth $197,843,000 after buying an additional 3,824,600 shares during the last quarter. Finally, Voloridge Investment Management LLC increased its position in Norwegian Cruise Line by 3,403.3% in the 4th quarter. Voloridge Investment Management LLC now owns 3,374,576 shares of the company’s stock valued at $86,828,000 after acquiring an additional 3,278,249 shares during the period. 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.