Deutsche Bank Believes Norwegian Cruise Line (NCLH) Still Has Room to Grow


Deutsche Bank analyst Chris Woronka reiterated a Buy rating on Norwegian Cruise Line (NCLH) on February 22 and set a price target of $70. The company’s shares closed on Friday at $55.35, close to its 52-week high of $58.50.

According to TipRanks.com, Woronka is a 3-star analyst with an average return of 2.1% and a 58.6% success rate. Woronka covers the Financial sector, focusing on stocks such as Braemar Hotels & Resorts Inc, Ashford Hospitality Trust, and Host Hotels & Resorts.

Norwegian Cruise Line has an analyst consensus of Strong Buy, with a price target consensus of $65.63, representing a 18.6% upside. In a report issued on February 14, Stifel Nicolaus also maintained a Buy rating on the stock with a $71 price target.

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Based on Norwegian Cruise Line’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $155 million. In comparison, last year the company had a net profit of $98.8 million.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. Most recently, in December 2018, Andrew Stuart, the Pres. & CEO of NCL of NCLH sold 6,500 shares for a total of $313,430.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Norwegian Cruise Line Holdings Ltd. operates as a holding company. It is a global cruise line operator, which offers cruise experiences for travelers with itineraries in North America, Mediterranean, Baltic, Central America, Bermuda and Caribbean. It also offers an entirely inter-island itinerary in Hawaii.

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