Deutsche Bank Reaffirms Their Buy Rating on Norwegian Cruise Line (NCLH)


In a report issued on January 11, Chris Woronka from Deutsche Bank maintained a Buy rating on Norwegian Cruise Line (NCLH), with a price target of $65. The company’s shares closed yesterday at $46.03.

According to TipRanks.com, Woronka is a 1-star analyst with an average return of -2.8% and a 43.0% success rate. Woronka covers the Financial sector, focusing on stocks such as Braemar Hotels & Resorts Inc, Park Hotels & Resorts Inc, and Hertz Global Holdings Inc.

Currently, the analyst consensus on Norwegian Cruise Line is a Strong Buy with an average price target of $60.83, representing a 32.2% upside. In a report issued on January 8, Bernstein also upgraded the stock to Buy with a $57 price target.

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Based on Norwegian Cruise Line’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $470 million. In comparison, last year the company had a net profit of $98.8 million.

Based on the recent corporate insider activity of 41 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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