Wells Fargo Reaffirms Their Buy Rating on Norwegian Cruise Line (NCLH)

In a report released yesterday, Trey Bowers from Wells Fargo maintained a Buy rating on Norwegian Cruise Line, with a price target of $19.00. The company’s shares closed yesterday at $16.47.

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According to TipRanks, Bowers is an analyst with an average return of -8.6% and a 34.38% success rate. Bowers covers the Consumer Cyclical sector, focusing on stocks such as Carnival, Viking Holdings, and Norwegian Cruise Line.

In addition to Wells Fargo, Norwegian Cruise Line also received a Buy from TD Cowen’s Kevin Kopelman in a report issued on May 15. However, on May 19, UBS maintained a Hold rating on Norwegian Cruise Line (NYSE: NCLH).

Based on Norwegian Cruise Line’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.33 billion and a net profit of $104.67 million. In comparison, last year the company earned a revenue of $2.13 billion and had a GAAP net loss of $40.3 million

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NCLH in relation to earlier this year. Earlier this month, Jonathan Z. Cohen, a Director at NCLH bought 30,000.00 shares for a total of $474,900.00.